• Sales Rs. 1,336 Cr +6% YoY and EBITDA Rs. 26 Cr +68% YoY (Non-GAAP)
  • Premiumisation led to Sales growth with contribution improved to 67%, +8% YoY (LFL +9%)
  • Healthy growth across all operational KPIs: ATV: +6%, ASP: +3%, IPT: +3%
  • First Citizen’s contribution to the sales stand at 85%
  • Beauty distribution at Rs. 84 Cr (+117% YoY)
  • INTUNE sales stood at Rs. 68 Cr (2x YoY)
  • Opened 4 INTUNE stores; Capex Investments Rs. 21 Cr for Q1FY26

Mumbai : Shoppers Stop Ltd., a leading department store with premier fashion and beauty brands, has declared its results for the quarter ended 30th June 2025.

Key financial highlights for Q1FY26:

                                                                                            (In Rs Cr)                

 GAAPNon-GAAP
Rs. In CrQ1FY26Q1FY25Growth%Q1FY26Q1FY25Growth%
Sales1,0941,0346%1,3361,2606%
Gross Margin40.9%40.6%30 bps37.6%37.7%(10) bps
EBITDA17614621%261568%
PBT-24-32–-13-24–
PAT-18-23–-7-15–

Management Comments:

Commenting on the Q1FY26 results, Mr. Kavindra Mishra, MD and CEO, Shoppers Stop Ltd, said, “We have delivered an impressive performance delivering sales of Rs. 1,336 Cr registering 6% growth and 5% LFL growth in department stores, driven by premiumisation. On our operational performance, EBITDA has improved by 68% (Under Non-GAAP) implying operational efficiency. Consumers are becoming more discerning and are willing to spend more. In a crowded marketplace, premiumisation allows retailers to stand out. As a leader in premium category products, our initiatives led our premium portfolio contribution to grow to 67% with an 8% YoY growth and LFL growth of 9%.

We are glad to inform all our KPIs are showing consistent improvement. Our First Citizen loyalty program continues to remain a key driver of our success, contributing 85% of sales supported by increasing repeat engagement and new customer additions. Private brand sales at Rs. 156 Cr with a volume growth of 18% in apparels, improved contribution and overall profitability. On the other key verticals, Beauty delivered Rs. 219 Cr with a growth of 2%. INTUNE our emerging growth driver had a sale worth Rs. 68 Cr delivering 2X, despite muted market conditions for value fashion.

We believe our work and strategies on premiumisation will continue to have better results soon, and besides to focus on offering higher-quality products.