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Earnings Call Transcript

Shoppers Stop Earnings Call Transcript: Key Takeaways

Shoppers Stop reported a turnaround in Q1 FY27, with consolidated revenue up 10% YoY to ₹1,536 Cr and PAT turning positive at ₹5 Cr (Non-GAAP).

Highlights
Revenue growth10% YoY Consolidated Revenue growth reported for Q1 FY27.
MarginsNon-GAAP EBITDA margin at 2.8%; PAT turned positive.
Demand visibilitySustained demand through Q1; positive outlook for upcoming festive season.
Management confidenceHigh; citing demand sustainability and better supply chain visibility.

Growth

Non-GAAP Consolidated Revenue grew 10%, EBITDA 40%. Beauty distribution (GSSBB) sales surged 53% YoY.

Outlook

Targeting to become debt-free by FY27. Opened 8 stores in Q1 with ₹44 Cr capex.

Risks

Rural demand faces monsoon headwinds; inventory management remains critical despite recent reductions.

Last quarter's promises, checked

Delivered

  • Guided 9 departmental stores → opened 8 in Q1 (= BEAT)
  • Targeted debt reduction → retired ₹93 Cr YoY (= BEAT)
  • LFL guidance mid-single digit → delivered 4.7% FY26 (= BEAT)

Partly delivered

  • Reduce INTUNE EBITDA loss by 50% → Q1 growth 21%, economics stabilizing (= PARTIAL)
Source

Earnings Call Transcript filed with NSE, NSE: SHOPERSTOP. Summary written with AI assistance from the document.

Read the document ↗

Shoppers Stop Ltd: key numbers

Share price
₹423.55
Market cap
₹4,668 Cr
Revenue (annual)
₹5,043 Cr
Net profit (annual)
₹-36.09 Cr
P/E (TTM)
-134.9×Sector 67.6×
Promoter holding
66.06%+0.00% QoQ
FII holding
1.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Shoppers Stop released a business update for July-August 2026, detailing new store openings, marketing campaigns, brand collaborations, and portfolio expansions.