SHOPPERS STOP LTD.

Shoppers Stop Ltd. and RBL Bank have launched a new three-tier co-branded credit card portfolio: Gold, Platinum, and Black. Unveiled by actor Sara Ali Khan, these cards aim to offer fashion and beauty rewards, privileges, and experiences to Shoppers Stop customers. The partnership leverages Shoppers Stop's extensive customer base and fashion ecosystem with RBL Bank's credit card expertise. The cards provide accelerated rewards, complimentary memberships, welcome benefits, and curated experiences, with varying reward point values and benefits across the tiers. Customers can apply for the cards and receive them instantly, with benefits available from the first transaction. The launch is in association with Visa.

Shoppers Stop Ltd has received an ESG Rating of 'CRISIL ESG 61' under the 'Strong' category for FY 2025-26 from CRISIL ESG Ratings & Analytics. The rating was independently prepared by CRISIL ESG based on publicly available information and was received by the company on July 30, 2026. This disclosure is available on the company's corporate website.

HDFC Mutual Fund has increased its aggregate shareholding in Shoppers Stop Ltd. by 2.03%, bringing its total stake to 9.49% as of July 27, 2026. This disclosure, made under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, follows a previous disclosure on April 23, 2025, where their holding was 7.47%. The acquisition was made through open market purchases. The total paid-up equity share capital of Shoppers Stop has also seen a slight increase.

Shoppers Stop Ltd held its 29th Annual General Meeting (AGM) on July 22, 2026, through video conferencing. The company disclosed voting results for resolutions presented, including the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. All resolutions were approved by the members with the requisite majority. Additionally, a resolution to re-appoint Mr. Ravi C. Raheja as a Director, who retires by rotation, was also passed. The voting results and the Scrutinizer's Report are available on the company's website and Kfin Technologies' e-voting portal.

Shoppers Stop Ltd announced that its Board of Directors, in a meeting held on July 22, 2026, approved the Un-audited Financial Results for the quarter ended June 30, 2026. Both standalone and consolidated results were declared. A limited review report from the statutory auditors, SR BC & CO LLP, was also enclosed. The company has made this information available on its corporate website. The board meeting commenced at 3:15 pm and concluded at 5:00 pm.

Shoppers Stop Ltd. reported a strong first quarter for FY27, with consolidated revenue increasing by 10% year-on-year to ₹1,536 Cr. EBITDA saw a significant jump of 40% to ₹43 Cr. The company achieved a positive Profit After Tax (PAT) of ₹5 Cr, a substantial improvement from a loss of ₹4 Cr in the same quarter last year. This turnaround is attributed to their premiumization strategy, with the beauty segment outperforming with 15% sales growth and department stores showing a 6% like-for-like growth. The company also reduced inventory by ₹80 Cr and debt by ₹93 Cr, while opening 8 new stores.

Shoppers Stop reported a consolidated net loss of ₹14.25 Cr for Q1 FY27 (quarter ended June 30, 2026), narrower than the ₹15.74 Cr loss a year earlier and the ₹16.35 Cr loss in the March quarter. Revenue from operations grew 11.2% YoY to ₹1,291.41 Cr (up 6.7% QoQ), and with no exceptional items on either side of the comparison this is the clean underlying picture — a loss-making but improving seasonal first quarter, not a turnaround. Net margin edged up to -1.1% from -1.3% a year ago as the loss shrank faster than revenue; operating margin stayed roughly flat near ~14.5%, with the drag sitting in the fixed cost base — depreciation (₹138 Cr) and finance costs (₹74 Cr, largely lease-related under Ind AS 116) together exceed the entire pre-tax loss, which is why an operationally positive quarter still prints red on a reported basis. Q1 is structurally the softest quarter for apparel retail, so the sequential loss reduction is partly seasonality rather than a step-change. Management framed the quarter more favourably than the reported number: on a non-GAAP basis it cited a small net profit of ~₹5 Cr, EBITDA up ~40% to ₹43 Cr, department-store like-for-like growth of 6% with a fifth straight quarter of footfall growth (+3% LFL), and a recovery in the value-fashion format INTUNE, whose revenue rose 21% YoY to ₹82 Cr on 10% LFL — a reversal after four weak quarters. The widely circulated '₹1,536 Cr revenue / back in profit' figures reflect gross brand sales and that non-GAAP view, and should not be confused with the ₹1,291.41 Cr Ind AS revenue and ₹14.25 Cr reported loss. Standalone told the same story a notch weaker (revenue ₹1,185.38 Cr, net loss ₹16.71 Cr). No formal management guidance or brokerage consensus is on record for this mid-cap, so there is no beat/miss to score; the readable checkpoint is whether the INTUNE recovery and LFL momentum can pull the reported bottom line to breakeven in the seasonally stronger festive quarters. Concurrent board actions this quarter were routine — AGM approvals, ESOP/RSU grants (allotment of 80,916 shares), and a promoter-reclassification application; none bear on the P&L. An unprovided retrospective service-tax claim of ₹20.11 Cr remains a contingent overhang pending the Supreme Court.

Shoppers Stop Limited's Nomination Remuneration & Corporate Governance Committee (NRCGC) approved the allotment of 80,916 equity shares upon exercise of Employee Stock Options under the SSL Plan 2022. This increases the company's share capital to Rs. 55,10,28,310, comprising 11,02,05,662 shares. Additionally, the committee granted 49,950 ESOPs and 24,975 RSUs to eligible employees under the same plan. The company clarified that this allotment is not material. The meeting took place on July 22, 2026.

Shoppers Stop Ltd has received an Environmental, Social, and Governance (ESG) score of 67.2, placing it in the 'Medium' rating category for the Financial Year 2025-26. This rating was assigned by SES ESG Research Private Limited based on publicly available information. The company clarified that it did not engage SES ESG for this rating, and the report was independently prepared. The disclosure is available on the company's corporate website.

Shoppers Stop Ltd has announced that its Board of Directors will convene on July 22, 2026. The primary agenda is to consider and approve the un-audited financial results for both consolidated and standalone operations for the first quarter ended June 30, 2026. In line with SEBI LODR regulations, the trading window for designated persons and their immediate relatives has been closed since July 1, 2026, and will reopen 48 hours after the financial results are declared.