The company’s net loss narrowed to ₹14.3 crore from a loss of ₹15.7 crore a year ago. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 9.2% year-on-year to ₹187.4 crore from ₹171.5 crore. EBITDA margin stood at 14.5% compared with 14.8% in the year-ago quarter.
On a consolidated basis, revenue stood at ₹1,536 crore, up 10% year-on-year, while EBITDA increased 40% to ₹43 crore. Profit after tax (PAT), excluding non-GAAP items, stood at ₹5 crore compared with a loss of ₹4 crore in the previous year.
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The department store business reported sales of ₹1,242 crore, with like-for-like (LFL) growth of 6% during the quarter. The beauty segment continued its growth momentum, reporting sales of ₹327 crore, up 15% year-on-year. The fragrance category led growth with a 34% increase during the quarter.
Beauty distribution business GSSBB reported its highest-ever quarterly sales at ₹129 crore, rising 53% year-on-year. The company’s value fashion format INTUNE reported sales of ₹82 crore, up 21% year-on-year, with LFL growth of 10%.
The company said the format continued its momentum, with the new price point of ₹1,299 introduced in the previous quarter receiving an encouraging response. Shoppers Stop’s premium portfolio contributed 72% of sales, with sales growth of 15% and LFL growth of 13%.
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The company reduced inventory by ₹80 crore year-on-year, including a reduction of ₹34 crore in INTUNE inventory. Private brands delivered steady performance, with average selling price (ASP) growth of 20% driven by portfolio premiumisation.
The retailer expanded its store network by opening 8 new stores during the quarter. This included 2 department stores, 4 beauty stores and 2 INTUNE stores, with a capital investment of ₹44 crore.
The First Citizen loyalty programme continued to expand, with the member base increasing to 1.38 crore. First Citizen members contributed the highest-ever sales mix of 85% during the quarter.
The premium Black Card segment saw membership rise 26% year-on-year to over 39,000 members, while 2.02 lakh Silver Card additions were recorded during the quarter. The Black Card segment contributed 23% of total sales.
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The beauty business also recorded higher customer engagement, with more than 1.92 lakh makeovers and over 400 masterclasses conducted during the quarter. Shoppers Stop reduced debt by ₹93 crore during the quarter and also received a ₹50 crore capital infusion in GSSBB on a year-on-year basis.
The company said its premium apparel line “FRATINI Girl” for young girls outperformed within the kids category, while the premium range launched under “Bandeya” was expanded across 25 stores.
Kavindra Mishra, MD and CEO, Shoppers Stop Ltd, said, “We are pleased to report a strong start to FY27 with our Non-GAAP Consolidated revenue up 10% YoY to ₹1,536 crore; EBITDA up 40% YoY and PAT turning positive at ₹5 crore as compared to a loss of ₹4 crore in Q1FY26.
Department store revenue grew by 6% LFL. Customer entry grew by 3% LFL, growing for 5 consecutive quarters, reflecting stronger engagement, high service standards and elevated experience. ATV +10% is a clear testament to our premiumisation strategy.
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“India Weds with Shoppers Stop”, “The Travel Edit”, “Get Spotlight Ready” with HYBE India and “Beauty and Accessories fest” helped drive stronger customer connect and business growth. We remain focused on strengthening Shoppers Stop’s aspirational positioning and expanding in key markets.
Demand has sustained through Q1, and better supply chain visibility gives us confidence ahead of the festive season. We remain committed to inventory discipline, operational rigour, prudent capital deployment and becoming debt-free by FY27.”
Shares of Shoppers Stop Ltd ended at ₹376.25, down by ₹9.05, or 2.35%, on the BSE.
