Shoppers Stop reported a narrower consolidated net loss of Rs 14.25 crore for the first quarter ended June 30, 2026 (Q1 FY27), compared to a loss of Rs 15.74 crore in the corresponding quarter last year.
However, revenue from operations increased 11.22% year-on-year to Rs 1,291.41 crore, up from Rs 1,161.08 crore in the April-June quarter of FY26. However, total expenses also rose 10.4% year-on-year to Rs 1,316 crore during the quarter.
At the same time, the company reported a profit after tax (PAT) of Rs 5 crore, compared to a loss of Rs 4 crore in Q1FY26.
Value fashion format INTUNE also showed signs of recovery, with revenue rising 21% year-on-year to Rs 82 crore and LFL growth at 10%, indicating a trend reversal after four quarters.
Kavindra Mishra, MD and CEO of Shoppers Stop Ltd., said, “We are pleased to report a strong start to FY27 with our non-GAAP consolidated revenue up 10% YoY to Rs 1,536 crore; EBITDA up 40% YoY and PAT turning positive at Rs 5 crore as compared to a loss of Rs 4 crore in Q1FY26.”
During the quarter, the company expanded its retail footprint by adding eight new stores, including two department stores and two INTUNE stores, taking its total store count to 288.
To support its expansion strategy, the company invested Rs 44 crore in capital expenditure during the quarter.
Looking ahead, Mishra said, “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 rigor, prudent capital deployment and becoming debt-free by FY27.”
