Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Shoppers Stop Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 924 | 994 | 1,039 | 1,238 | 1,046 | 1,069 | 1,115 | 1,379 | 1,064 | 1,161 | 1,257 | 1,416 | 1,210 |
| Expenses + | 769 | 822 | 878 | 1,020 | 880 | 926 | 965 | 1,134 | 894 | 990 | 1,086 | 1,198 | 1,026 |
| Operating Profit | 155 | 172 | 161 | 217 | 167 | 143 | 150 | 246 | 170 | 172 | 170 | 218 | 184 |
| OPM % | 17% | 17% | 15% | 18% | 16% | 13% | 13% | 18% | 16% | 15% | 14% | 15% | 15% |
| Other Income + | 23 | 7 | 6 | 3 | 33 | 4 | 8 | 23 | 20 | 10 | 10 | 6 | 7 |
| Interest | 55 | 54 | 55 | 59 | 58 | 61 | 65 | 65 | 70 | 73 | 73 | 72 | 72 |
| Depreciation | 104 | 105 | 108 | 111 | 112 | 117 | 122 | 130 | 125 | 129 | 134 | 133 | 144 |
| Profit before tax | 18 | 20 | 3 | 51 | 30 | -32 | -29 | 73 | -5 | -21 | -27 | 20 | -25 |
| Tax % | 21% | 27% | 22% | 28% | 23% | -28% | -28% | 28% | -137% | -25% | -25% | 18% | -34% |
| Net Profit + | 14 | 14 | 3 | 37 | 23 | -23 | -21 | 52 | 2 | -16 | -20 | 16 | -16 |
| EPS in Rs | 1.30 | 1.32 | 0.25 | 3.35 | 2.11 | -2.07 | -1.87 | 4.75 | 0.18 | -1.43 | -1.83 | 1.46 | -1.48 |
Financials of Shoppers Stop Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,217 | 4,595 | 3,757 | 3,697 | 3,578 | 3,464 | 1,749 | 2,519 | 4,022 | 4,317 | 4,628 | 5,043 |
| Expenses + | 3,948 | 4,415 | 3,629 | 3,546 | 3,332 | 2,912 | 1,705 | 2,249 | 3,327 | 3,600 | 3,919 | 4,299 |
| Operating Profit | 269 | 180 | 128 | 151 | 246 | 552 | 44 | 270 | 695 | 717 | 708 | 744 |
| OPM % | 6% | 4% | 3% | 4% | 7% | 16% | 3% | 11% | 17% | 17% | 15% | 15% |
| Other Income + | 13 | 28 | 18 | 232 | 18 | 24 | 224 | 194 | 55 | 49 | 54 | 33 |
| Interest | 78 | 85 | 86 | 38 | 14 | 197 | 223 | 207 | 209 | 225 | 261 | 289 |
| Depreciation | 125 | 130 | 119 | 115 | 141 | 450 | 392 | 355 | 382 | 437 | 494 | 541 |
| Profit before tax | 78 | -7 | -58 | 231 | 110 | -72 | -347 | -98 | 159 | 104 | 7 | -53 |
| Tax % | 37% | 482% | 35% | 8% | 41% | 98% | -23% | -53% | 27% | 26% | -55% | -32% |
| Net Profit + | 49 | -40 | -78 | 214 | 65 | -142 | -267 | -47 | 116 | 77 | 11 | -36 |
| EPS in Rs | 4.09 | 0.23 | -3.59 | 22.34 | 5.94 | -12.98 | -24.43 | -4.29 | 10.58 | 7.03 | 0.99 | -3.28 |
| Dividend Payout % | 15% | 260% | -17% | 3% | 10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Shoppers Stop Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 42 | 42 | 42 | 44 | 44 | 44 | 55 | 55 | 55 | 55 | 55 | 55 |
| Reserves | 487 | 473 | 437 | 860 | 871 | 23 | 65 | 21 | 151 | 246 | 266 | 236 |
| Borrowings + | 751 | 829 | 885 | 125 | 74 | 2,247 | 2,106 | 2,115 | 2,375 | 2,785 | 3,314 | 3,317 |
| Other Liabilities + | 702 | 688 | 692 | 758 | 1,486 | 1,768 | 1,290 | 1,591 | 2,023 | 2,208 | 2,459 | 2,683 |
| Total Liabilities | 1,981 | 2,032 | 2,056 | 1,788 | 2,476 | 4,081 | 3,516 | 3,783 | 4,603 | 5,294 | 6,095 | 6,291 |
| Fixed Assets + | 903 | 907 | 922 | 673 | 615 | 1,901 | 1,721 | 1,723 | 2,097 | 2,582 | 2,971 | 3,033 |
| CWIP | 28 | 33 | 20 | 18 | 35 | 44 | 3 | 14 | 34 | 21 | 13 | 4 |
| Investments | 0 | 39 | 20 | 282 | 258 | 191 | 128 | 146 | 48 | 4 | 3 | 0 |
| Other Assets + | 1,051 | 1,053 | 1,094 | 814 | 1,567 | 1,945 | 1,664 | 1,899 | 2,424 | 2,688 | 3,107 | 3,254 |
| Total Assets | 1,981 | 2,032 | 2,056 | 1,788 | 2,476 | 4,081 | 3,516 | 3,783 | 4,603 | 5,294 | 6,095 | 6,291 |
Financials of Shoppers Stop Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 111 | 155 | 64 | 298 | 202 | 576 | -3 | 383 | 543 | 561 | 549 | 838 |
| Cash from Investing Activity + | -162 | -172 | -111 | -35 | -125 | -284 | -24 | -102 | -29 | -111 | -169 | -129 |
| Cash from Financing Activity + | 45 | 10 | -10 | -171 | -63 | -433 | 167 | -270 | -537 | -479 | -409 | -675 |
| Net Cash Flow | -6 | -6 | -57 | 92 | 13 | -141 | 140 | 11 | -23 | -29 | -29 | 34 |
| Free Cash Flow | -52 | -17 | -47 | 184 | 89 | 395 | -85 | 276 | 399 | 388 | 369 | 703 |
| CFO/OP | 50% | 110% | 69% | 221% | 105% | 112% | -35% | 134% | 79% | 78% | 78% | 112% |
Financials of Shoppers Stop Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 4 | 6 | 5 | 5 | 4 | 6 | 5 | 3 | 7 | 5 | 6 |
| Inventory Days | 69 | 74 | 90 | 57 | 188 | 225 | 290 | 244 | 235 | 242 | 273 | 253 |
| Days Payable | 64 | 63 | 76 | 84 | 224 | 277 | 391 | 349 | 287 | 283 | 303 | 295 |
| Cash Conversion Cycle | 14 | 15 | 19 | -21 | -31 | -48 | -94 | -101 | -49 | -34 | -25 | -37 |
| Working Capital Days | -30 | -28 | -48 | -26 | -21 | -44 | -101 | -90 | -51 | -44 | -37 | -36 |
| ROCE % | 13% | 6% | 3% | 4% | 12% | 8% | -5% | 4% | 15% | 12% | 8% | 7% |