Shoppers Stop Q2 FY2026 Results: Marginally Reduced Loss Amid Robust Revenue and EBITDA Growth

The company posted a net loss of ₹20.1 crore, a marginal reduction from the ₹20.6 crore loss recorded in the corresponding period last year. Total revenue rose 12.7% year-on-year (YoY) to ₹1,256 crore. This top-line growth was effectively translated to the operating level, with EBITDA increasing by 13.4% to ₹170.8 crore, maintaining stable operating margins at 13.6%. Notably, the Managing Director and CEO, Kavindra Mishra, highlighted a 42% rise in standalone EBITDA and a positive Profit Before Tax (PBT) of ₹9 crore, reversing a loss from the prior year. The core business drivers included: Strong Sales Momentum: Department store like-for-like (LFL) sales grew 9.4%, contributing to a 7% overall sales increase. This was underpinned by a 6% rise in customer footfall, marking the first positive entry growth in several years. Premiumisation and Loyalty: Growth was supported by an effective premiumisation strategy and deeper engagement with First Citizen loyalty members, including increased enrolments in the Premium Black Card programme. Beauty Segment Outperformance: The beauty segment continued its strong trajectory, with sales rising 22% YoY to ₹331 crore, aided by new store formats like Armani Beauty and NARS. Private Brands Growth: Private brands contributed ₹161 crore (13% of total sales), with a 19% growth in Indian wear (Bandeya and Kashish) and 30% volume growth in the kids' category. New Businesses: Newer ventures, including INTUNE and ***** saw significant momentum with 75% sales growth, particularly strong in September. During the quarter, the company expanded its retail footprint by adding seven new stores (three INTUNE, three beauty, and one department store) with a capital expenditure of ₹34 crore, aligning with its growth strategy. The results reflect the success of strategic initiatives focused on premium product mix, enhanced customer engagement, and focused store expansion.