Shoppers Stop Ltd
NSE:SHOPERSTOP
Shoppers Stop Ltd
Shoppers Stop Ltd. is engaged in the business of retail trade through retail and departmental store facilities. The company is headquartered in Mumbai, Maharashtra and currently employs 5,403 full-time employees. The company went IPO on 2005-05-20. The company operates through approximately 84 such departmental stores in 44 cities, it also operates 11 HomeStop stores, 127 specialty beauty stores and 26 Airport doors. Its products include apparels and non-apparels. Its non-apparel category includes cosmetics, personal accessories and leather goods, home wares, electronics, books and music. The Company, through its Website, Shoppersstop.com, offers international and national brands in men's, women's and kids apparel; gifts and fashion accessories, such as ladies watches, men's watches, artificial jewelry, fine jewelry, handbags, fragrances, men's and women's footwear, home furnishing and decor products. The company has over six private brands namely STOP, Kashish, Life, Haute Curry, Velorio Fratini and Elliza Donatein. The company offers First Citizen Loyalty Program for customers.
Shoppers Stop Ltd. is engaged in the business of retail trade through retail and departmental store facilities. The company is headquartered in Mumbai, Maharashtra and currently employs 5,403 full-time employees. The company went IPO on 2005-05-20. The company operates through approximately 84 such departmental stores in 44 cities, it also operates 11 HomeStop stores, 127 specialty beauty stores and 26 Airport doors. Its products include apparels and non-apparels. Its non-apparel category includes cosmetics, personal accessories and leather goods, home wares, electronics, books and music. The Company, through its Website, Shoppersstop.com, offers international and national brands in men's, women's and kids apparel; gifts and fashion accessories, such as ladies watches, men's watches, artificial jewelry, fine jewelry, handbags, fragrances, men's and women's footwear, home furnishing and decor products. The company has over six private brands namely STOP, Kashish, Life, Haute Curry, Velorio Fratini and Elliza Donatein. The company offers First Citizen Loyalty Program for customers.
Muted Sales: Q3 sales remained flat, with like-for-like sales declining in October, growing in November, and staying flat in December due to early festive shifts, pollution, and cautious consumer sentiment.
EBITDA Decline: EBITDA before one-off costs fell 24%, mainly due to deliberate investments in customer acquisition, marketing, and tech, plus a one-off INR 17.5 crore labor code expense.
Premiumization: The premium and premium-plus mix rose from 65% to 69%, with strong growth in non-apparel categories and loyalty-driven sales reaching 84%.
Beauty & Distribution Strength: Beauty sales grew 14% and the distribution business revenue jumped 58% to INR 122 crores, showing strong execution and portfolio expansion.
Intune Losses Narrowing: Intune value format saw 22% YoY growth but remains loss-making; management expects losses to reduce to INR 20–25 crores in FY '27, with profitability targeted from FY '28.
Inventory & Debt Reduction: Inventory was reduced by INR 122 crores and net debt lowered by INR 159 crores YoY, with a year-end net debt target of INR 150–160 crores.
Guidance: FY '27 revenue growth expected in the mid-teens (12–15%), with Q4 and full-year FY '26 sales growth guided to mid-single digits and EBITDA margins in low single digits.
