| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 1.2K | 14.6% | 13.7% |
| Total Income | 1.2K | 15.4% | 12.6% |
| Expenditure | 1.2K | 11.4% | 14.0% |
| PBT | -24.87 | 226.3% | 358.0% |
| Net Profit | -16.35 | 201.4% | 921.6% |
| OPM | 15.12% | 0.98pp | 1.04pp |
| NPM | -1.34% | 2.46pp | 1.52pp |
| EPS | 1.49 | 2.0% | 727.8% |
Shoppers Stop FY26 Revenue Up 6% YoY to ₹4,708 Cr
05 May 2026 · 5 May, 5:31 pm
Summary
Shoppers Stop Ltd. delivered a resilient performance for the fourth quarter and full financial year ended March 31, 2026. For Q4FY26, consolidated GAAP revenue grew by 5% year-on-year to ₹1,353 crore, though consolidated EBITDA saw a 25% decline to ₹28 crore, and the company posted a consolidated net loss of ₹6 crore. For the full year FY26, consolidated gross revenue increased by 8% year-on-year to ₹6,057 crore, with the Department Store business exceeding ₹5,000 crore. Management highlighted disciplined execution and a focus on premiumization, achieving ₹301 crore in cash generated from operations and reducing debt by ₹109 crore, with a target to be debt-free by FY27 amidst a healthy demand scenario in the Indian fashion market.
Key Highlights
- 1
Q4 FY26 consolidated GAAP revenue grew by 5% year-on-year to ₹1,353 crore.
- 2
The company reported a consolidated gross revenue of ₹6,057 crore for FY26, an 8% increase compared to the previous year.
- 3
FY26 saw the Department Stores business surpass ₹5,000 crore, driven by a 4.7% LFL sales growth, marking its highest in the last 10 years.
- 4
Cash generated from operations for FY26 stood at a record ₹301 crore, the highest in 8 years, supported by working capital optimization of ₹155 crore year-on-year.
- 5
Debt was reduced by ₹109 crore year-on-year, positioning the company to be debt-free by FY27.
- 6
The GSSBB (Global SSBeauty) business demonstrated significant growth, with gross revenue reaching ₹426 crore, an impressive 81% year-on-year increase.
- 7
Shoppers Stop expanded its retail footprint by adding 27 new stores across various formats and renovating 3 existing stores during FY26, with a capital investment of ₹114 crore.
Management Comments
Kavindra Mishra
We delivered a resilient performance in Q4 and FY26 in a challenging environment, driven by disciplined execution and a continued focus on premiumization. FY26 consolidated gross revenue stood at Rs 6,057 Cr, up 8% YoY, while our department store business crossed Rs 5,000 Cr (LFL+4.7%). Strong operational efficiency enabled Rs 301 Cr cash generation from operations, supported by working capital optimisation of Rs 155 Cr. During the year, we partly retired debt to the extent of Rs 109 Cr and remain on track to become debt‑ free by FY27.
Kavindra Mishra
We are encouraged by resilience in consumption inspite of Global uncertainty and Supply Chain disruptions. The Indian fashion market is gaining momentum, led by fast fashion and premium/ bridge‑to‑luxury segments. While supply‑chain disruptions may create some inflationary pressures, we believe demand scenario to remain healthy.
Kavindra Mishra
Our priorities remain focused on strengthening the core, scaling non-apparels, improving GMROF, keeping the cost structure leaner and ensuring prudent capital deployment. These actions position us well to deliver sustainable long‑term value.
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