Shoppers Stop Reports Strong Q1 Performance with 68% EBITDA Growth
Shoppers Stop achieved 68% EBITDA growth to Rs. 26.00 crore and 6% sales growth to Rs. 1,336.00 crore in Q1. Premium portfolio contribution improved to 67% with 8% year-on-year growth. Key categories like watches, apparels, and fragrance showed strong performance. Beauty segment sales reached Rs. 284.00 crore with 17% growth. INTUNE, the value fashion brand, doubled sales to Rs. 68.00 crore. First Citizen loyalty program contributed 85% to sales. The company opened 4 new INTUNE stores and invested Rs. 21.00 crore in capex. Mr. B. S. Nagesh retired as Chairman, with Mr. Nirvik Singh taking over from July 18.
17Jul 25
Shoppers Stop Reports 6% Sales Growth in Q1, Driven by Premiumisation
Shoppers Stop announced Q1 financial results with sales reaching Rs. 1,336.00 crore, up 6% year-on-year. EBITDA increased 68% to Rs. 26.00 crore. The company's premium portfolio contribution improved to 67%, growing 8% year-on-year. Beauty sales, including distribution, rose 17% to Rs. 284.00 crore. The First Citizen loyalty program contributed 85% to total sales. INTUNE, the value fashion segment, doubled sales to Rs. 68.00 crore. The company opened 4 new INTUNE stores, bringing the total store count to 299. B.S. Nagesh retired as Chairman, with Nirvik Singh appointed as the new Chairman.
17Jul 25
Shoppers Stop: Q1 Loss Narrows, Revenue Grows 9% YoY
Shoppers Stop reported consolidated revenue of ₹1,161.00 crore for Q1, an 8.60% year-over-year increase. The company narrowed its net loss to ₹15.74 crore from ₹22.72 crore in the previous year. EBITDA rose 20% to ₹171.49 crore with an improved margin of 14.70%. Total sales grew 6% to ₹1,336.00 crore. The premium portfolio now contributes 67% to overall sales. Watches, apparels, and fragrance categories showed strong growth. Mr. B. S. Nagesh retired as Chairman after 34 years of service.
Shoppers Stop's Q4 FY2025 saw 1.7% revenue growth to Rs 1,064.00 crore, but net profit declined to Rs 1.99 crore. FY2025 revenue increased 7.2% to Rs 4,627.64 crore, while annual profit fell to Rs 10.89 crore. Operational metrics improved with ATV up 8%, ASP up 4%, and IPT up 4%. Founder B.S. Nagesh to retire, with Nirvik Singh appointed as new Non-Executive Chairman effective July 18, 2025. The company plans to focus on premiumization, beauty, and value fashion for future growth.
29Apr 25
Shoppers Stop Reports 91% Drop in Q4 Profit, Announces Leadership Changes
Shoppers Stop's Q4 FY23 profit dropped 91% to ₹19.90 million, despite a 1.7% revenue increase to ₹10.64 billion. The premium segment contributed 65% to Q4 revenue. Chairman B.S. Nagesh will retire, with Nirvik Singh appointed as the new Non-Executive Chairman effective July 18, 2025. The company also appointed new Secretarial Auditors and approved employee stock options.
21Mar 25
Shoppers Stop Unveils Ambitious Expansion: Nine New 'INTUNE' Stores Set to Launch
Shoppers Stop Limited plans to open nine new stores under its 'INTUNE' format across seven Indian states between March 22 and March 30, 2025. The expansion targets diverse locations including Bhiwadi, Noida, Surat, Vadodara, Ghaziabad, Coimbatore, Dehradun, Nashik, and Chandigarh. This strategic move aims to enhance the company's presence in both metropolitan areas and emerging urban centers, strengthening its market position in the competitive retail sector.