Shoppers Stop and RBL Bank have launched a three-tier co-branded credit card portfolio to enhance customer engagement within the retailer’s fashion and beauty ecosystem.

The partnership leverages Shoppers Stop’s base of 50 million+ annual customers and 13.5 million First Citizen Club members to offer differentiated rewards. The new cards enable instant issuance and allow benefits to be availed from the first transaction.

Product Structure

The portfolio comprises Gold, Platinum, and Black variants, each offering tiered membership benefits and reward point valuations.

Customers earn 10 extra reward points for every ₹200 spent at Shoppers Stop on Gold and Platinum cards, while Black cardholders earn 15 extra points per ₹200. Outside the Shoppers Stop universe, all variants earn 4 reward points per ₹200 on eligible transactions.

Strategic Context

Kavindra Mishra, MD & CEO of Shoppers Stop, stated the partnership combines the retailer’s understanding of Indian shoppers with RBL Bank’s payment expertise. Bikram Singh Yadav, Head of Credit Cards at RBL Bank, described the offering as a style companion designed to add exclusivity to the fashion experience.

Visa serves as the network partner for the launch. The initiative aims to deepen loyalty among the retailer’s existing customer base through accelerated rewards and curated experiences.

Shoppers Stop Limited will host an in-person meeting with representatives of Motilal Oswal Financial Services on Friday, August 07, 2026, at 4:00 p.m. The engagement, involving the company's senior management, is designed to facilitate dialogue with market analysts without the disclosure of unpublished price-sensitive information. This routine interaction allows investors to gain insights into the company's operational status and strategic direction within the regulated framework of investor relations.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rakeshkumar Saini, Vice President – Legal, CS & Chief Compliance Officer at Shoppers Stop Limited, issued the intimation on July 30, 2026. The notice explicitly states that no unpublished price-sensitive information is proposed to be shared or discussed during the meeting, ensuring compliance with insider trading regulations.

Meeting Details

The company has made the presentation materials for the meeting publicly accessible via its corporate website. Investors and stakeholders can review the deck titled "Q1.pdf" through the designated link provided in the regulatory filing. This transparency measure ensures that all market participants have equal access to the information presented during the analyst interaction.

Regulatory Compliance

Shoppers Stop Limited emphasized that the schedule is subject to change depending on exigencies, including those of the organizer. The disclosure was simultaneously submitted to both the BSE Limited and the National Stock Exchange of India Limited. The company’s registered office is located at Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (W), Mumbai.

This analyst meet serves as a standard channel for communication between the retail sector player and financial institutions. By adhering to SEBI Listing Regulations, Shoppers Stop maintains its commitment to transparent corporate governance practices while engaging with key financial intermediaries.