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Shoppers Stop (SHOPERSTOP) investor relations material
Shoppers Stop Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary17 Oct, 2025
Executive summary
Q2 FY26 saw consolidated sales rise to Rs 1,526 Cr, up 13% year-over-year, with strong growth in core businesses, new ventures, and beauty distribution, driven by premiumization and customer engagement initiatives.
Premiumization strategy led to higher transaction values, increased customer engagement, and record First Citizen Club enrollments, contributing 83% of sales and 69% repeat purchases.
The Board approved un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.
Financial highlights
Consolidated Q2 FY26 revenue was Rs 1,526 Cr, up 13% YoY; core business sales grew 7% YoY to Rs 1,346 Cr; departmental store like-for-like sales up 9.4%, the highest in a decade.
Beauty segment grew 22%, fragrances led growth; watches and handbags saw double-digit growth of 13% and 11%, respectively.
Premium product mix grew 16%, now 69% of total mix, contributing to a 375 bps gain.
EBITDA rose 10% to Rs 28 Cr in Q2; core business EBITDA up 42% to Rs 46 Cr; consolidated net loss for Q2 FY26 was Rs 20.11 Cr, compared to Rs 20.59 Cr last year.
Key KPIs: Average transaction value up 8%, average selling price up 6%, items per transaction up 2%.
Outlook and guidance
Double-digit growth momentum expected to continue in Q3, driven by festive and wedding season demand, especially in premium and beauty categories.
Five new departmental stores to open in Q3, four to five more in Q4; Intune to open five stores in Q3 and eight to ten in Q4.
Focus on measured expansion, premiumization, and strengthening omnichannel experience.
The Board and Audit Committee reviewed and approved the results, with no forward-looking guidance provided.
Intune store breakeven pushed to FY27. What drives confidence?
What sustains core business 9.4% LFL growth?
Beauty EBOs lag. How to achieve high single-digit growth?
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Next Shoppers Stop earnings date
Q3 25/2614 Jan, 2026
Next Shoppers Stop earnings date
Q3 25/2614 Jan, 2026
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Frequently asked questions
Shoppers Stop Limited is an Indian department store chain owned by the K Raheja Corp. It operates a large number of stores across India, offering a wide range of products including clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home furnishing, and decor products. The company's journey began with its first store opening in Andheri, Mumbai, in 1991, marking the start of a new era in Indian retail. Over the years, Shoppers Stop has expanded its presence significantly, venturing into e-commerce in 2008 with a dedicated e-store and launching a smartphone app in 2016 to cater to the evolving digital consumer base. Shoppers Stop is listed on both the Bombay Stock Exchange and the National Stock Exchange of India.
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