Shoppers Stop news and archive

Shoppers Stop hires Nabamita Banerjee to lead HR

Shoppers Stop, an Indian fashion, beauty, and gifting retailer, has appointed Nabamita Banerjee as its new chief human resource officer (CHRO). Banerjee brings over 18 years of diverse HR experience from the IT, retail, and QSR industries. Her expertise includes business partnering, talent management, compensation and benefits, and change...

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Shoppers Stop Q1 sales increase 6 percent, net loss narrows

Shoppers Stop Ltd., a prominent Indian department store chain specialising in fashion and beauty brands, has announced its financial results for the quarter ended June 30, 2025 (Q1 FY26), showcasing an impressive performance driven by a focus on premiumisation. The company reported consolidated sales of Rs. 1,336 crore for the first quarter,...

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Shoppers Stop Q4 profit plummets 91 percent

Indian departmental store chain Shoppers Stop's annual report for the fiscal year ending March 31, 2025, reveals a mixed bag of financial results. While revenue from operations saw a moderate increase, the company's net profit experienced a sharp decline. The company that retails brands such as Armani Exchange and Michael Kors in India, recorded...

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Shoppers Stop reports healthy Q3 performance

Indian department store chain Shoppers Stop registered third quarter sales of Rs 1,311 crore, up 9 percent versus the same period last year. The company said in a statement that EBITDA for the period improved by Rs 262 crore, an increase of 20 percent, and profit after tax of Rs 49 crore increased by 37 percent on a GAAP basis. Commenting on the...

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Shoppers Stop reports Q2 loss of Rs 20.59 crores

Department store chain Shoppers Stop Ltd reported a second quarter loss of Rs 20.59 crores compared to a profit of Rs 2.73 crores in the corresponding quarter last year. Revenue from operations reached Rs 1,114.87 crores, up 7.3 percent. The company posted sales of Rs 1,068 crores, up 4 percent in the quarter with EBITDA at Rs 157 crores....

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Shoppers Stop posts quarterly net loss of Rs 22.72 crores

Leading Indian department store chain Shoppers Stop reported first quarter a consolidated net loss of Rs 22.72 crores. Consolidated revenues from operations reached Rs 1,069.31 crores against Rs 993.61 crores in the year-ago period. Commenting on the first quarter results, Kavindra Mishra, managing director and CEO, Shoppers Stop Ltd, said: “...

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Beauty segment drives Q4 growth at Shoppers Stop

Departmental store chain Shoppers Stop’s sales for the fourth quarter reached Rs 1,000 crore, an increase of 9 percent compared to the same period in the previous year. The company said in a release that the beauty segment outperformed with Rs 218 crores in sales, a 7 percent growth, led by fragrance, up 24 percent and overall mix up 18 percent....

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Shoppers Stop posts Q3 sales growth of 7 percent

For the third quarter, Shoppers Stop revenues of Rupees 1,207 crores increased by 7 percent despite muted consumer demand. During the festive period, sales grew by 9 percent or 5 percent LTL. During the quarter, beauty business outperformed with 10 percent growth, led by fragrance up 41 percent; makeup increasing 6 percent and overall mix up by...

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Business|Beauty

Nars Cosmetics enters the Indian market

Nars Cosmetics, the Shiseido-owned beauty brand founded by make-up artist and photographer François Nars, has entered the Indian market at Shoppers Stop and Sephora ahead of its debut freestanding store in November. In a statement, Nars said its products would be available online at Shoppers Stop and Sephora, as well as in select stores across...

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Shoppers Stop reports drop in Q2 profit

For the second quarter, Indian department store Shoppers Stop Ltd. recorded sales of 1,025 crore rupees, up 2 percent on GAAP basis and flat on non-GAAP basis. Gross margin dropped 50 basis points to 40.7 percent, Ebitda dropped 2.8 percent to 170 crores, profit before and after tax was 2 crore compared to 24 crore and 18 crore, respectively....

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Shoppers Stop posts Q1 sales growth of 4 percent

Shoppers Stop Ltd. delivered revenue for growth of 4 percent in the first quarter of FY24 to Rs 1,241 crores. The company’s profit after tax declined to Rs 13 crores and profit before tax to Rs 19 crores compared to Rs 23 crores and Rs 32 crores, respectively. Commenting on the first quarter results, Venu Nair, MD & CEO at Shoppers Stop said: “...

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Shoppers Stop posts strong growth in revenue and profit

Shoppers Stop reported fourth quarter revenue of Rs 1,175 crore, up 32 percent, while EBITDA reached Rs 55 crore compared to Rs 13 crore in the same quarter of FY22. PBT for the quarter was Rs 14 crore. For the full year, the company’s revenue reached Rs 5,066 crore, up 63 percent, EBITDA, 324 crore and PBT was Rs 164 crore. Commenting on the...