Shoppers Stop news and archive

Shoppers Stop shares slump as premiumisation fails to offset profit hit

The Indian multi-brand retailer Shoppers Stop has announced its financial results for the third quarter and nine months ended December 31, 2025. Despite a strategic shift towards high-end offerings and experiential retail, the company faced significant market pressure following the release of its latest earnings report. Shoppers Stop’s stock...

Member

Business

Shoppers Stop reports improved Q2 FY26 financial results

Shoppers Stop Ltd., a leading Indian department store, has announced its financial results for the second quarter of fiscal year 2026 (Q2 FY26), demonstrating sustained growth in its core business and new ventures despite macroeconomic challenges. The company reported consolidated net loss of 20.1 crore (2.29 million dollars) for the quarter...

People

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...

Member

Business

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,...

Member

Business

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...

Member

Business

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...

Member

Business

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....

Member

Business

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: “...

Member

Business

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....

FeaturedMember

Business

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...

Member

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...

Member

Business

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....