Shoppers Stop Ltd

Q4 FY26Retailing

Shoppers Stop Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹392

Market cap₹4.4K Cr

Updated24 Sept 2026

Read4 min read

The short version

Departmental store business aims for double-digit growth combining like-for-like (LFL) growth and new store additions. Shoppers Stop aims for double-digit growth in departmental stores driven by like-for-like sales and new store openings (Page 23).

From Shoppers Stop Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Departmental store business aims for double-digit growth combining like-for-like (LFL) growth and new store additions.
Focus on premiumization and renovation of marquee stores expected to boost sales productivity by 35-40%.
New stores (3-5 years old) have higher growth trends compared to older stores.
The premium portfolio is doing well; premiumization strategy expected to enhance margins and drive revenue momentum.
Non-apparel categories like beauty, watches, and handbags show strong growth (e.g., beauty revenue up 17%, watches up 16%).
Moving towards omnichannel with investments in online sales, showing improved conversions.
Expansion plans include opening marquee stores (e.g., Vizag, Goa, Pacific Jaipur) projected to achieve INR 75-100 crore sales over 2-3 years.

2 more points management made on revenue & sales performance

Profitability & Margins

Shoppers Stop aims for double-digit growth in departmental stores driven by like-for-like sales and new store openings (Page 23).
EBITDA margin expected to improve over 2 years with cost-saving initiatives and premiumization strategy (Pages 15, 9).
Revenue growth and better gross margin from premiumization to support profitability (Page 15).
New ventures like INTUNE are stabilizing; losses expected to reduce by half in FY’27, contributing to EBITDA improvement (Page 15).
Opening marquee stores projected to generate INR75-100 crore over 2-3 years, enhancing store-level profitability (Page 15).
Working capital improvement plan targeting an additional INR100 crores in the next year to support financial health (Page 18).

2 more points management made on profitability & margins

See what Shoppers Stop Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Focus on opening new marquee department stores and refurbishing top stores to enhance customer experience and drive premiumization.
Planned renovation of 5 large marquee stores this year to boost sales productivity by 35-40%.
Investment in technology, including piloting RFID for INTUNE stores to improve efficiency.
Capital infusion to enable growth in the beauty distribution business (INTUNE).
Expansion plans contingent upon improved unit economics and profitability, particularly in INTUNE.
Opening 9 new departmental stores in key premium malls during the year.

2 more points management made on capital expenditure plans

Top-ranked in Retailing

Ranked on what management guided this quarter

5x potential

1V2 Retail₹7.8K Cr

Rev 1Mar 3

2Entero Healthcar₹7.9K Cr

Rev 2Mar 2

3₹689 Cr

Rev 2Mar 2

4₹3.2L Cr

Rev 2Mar 3

5₹1.2L Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company plans to be debt-free by Q4 FY’27, indicating a focus on reducing debt rather than raising new debt.
Capital allocation priorities include investments in core department stores, new store openings, distribution business expansion, and digital initiatives.
Additional capital infusion will be directed towards beauty distribution business growth.

2 more points management made on fundraising & capital structure

See what Shoppers Stop Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript of Shoppers Stop Limited's Q4 & FY’26 Earnings Conference Call does not mention any details regarding the current or expected order book or pending orders. The discussion primarily focuses on: - Store renovations and their impact on sales productivity. - Loyalty and personalization programs. - Customer engagement strategies including Personal Shopper app. - Growth in specific categories like watches, beauty, and fragrances. - Capital allocation and investments in departmental stores and new business lines such as INTUNE.

2 more points management made on order book & pipeline

Shoppers Stop Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net loss ₹16 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Shoppers Stop Ltd's management said in earlier quarters

Others in Retailing this season

Bhatia Communications & Retail (India) Ltd (Q4 FY26)
171.94 crores, up 65% YoY from Rs. Key concall takeaways from Bhatia Communications & Retail (India) Ltd's Q4 FY26 earnings call — and how it ranks against…
Just Dial Ltd (Q4 FY26)
Operating Revenue (4Q FY26):** ₹3,072 million, up 6.2% YoY from ₹2,892 million in 4Q FY25 (Page 55). Key concall takeaways from Just Dial Ltd's Q4 FY26…
TCC Concept Ltd (Q4 FY26)
Q4 FY26 Revenue from Operations:** ₹839.0 Mn, +160% YoY (Page 34) . Key concall takeaways from TCC Concept Ltd's Q4 FY26 earnings call — and how it ranks…
RattanIndia Enterprises Ltd (Q4 FY26)
Q4 FY26 Total Income: ₹1,647 Cr, up 13% from ₹1,464 Cr in Q4 FY25 (Page 5, 23) . Key concall takeaways from RattanIndia Enterprises Ltd's Q4 FY26 earnings call…

Compare:vs Eternal Ltd vs Avenue Super.vs Trent Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Shoppers Stop Ltd Q4 FY26 results?

What is Shoppers Stop Ltd share price analysis?

Shoppers Stop Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹4,405 Cr. Investors should review the full earnings analysis for detailed insights.

Is Shoppers Stop Ltd planning capital expenditure?

Focus on opening new marquee department stores and refurbishing top stores to enhance customer experience and drive premiumization.

Keep Shoppers Stop Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.