Shoppers Stop Faces Loss Amidst Growth in Operations

Retail chain Shoppers Stop reported a consolidated loss of Rs 16.35 crore for the March quarter, despite a 13.7% revenue increase to Rs 1,209.79 crore. Premium brands contributed 71% to sales. The firm aims to be debt-free by FY27, amidst a resilient fashion market.

Shoppers Stop, a leading retail chain in India, has reported a consolidated net loss of Rs 16.35 crore for the March quarter. This contrasts with a net profit of Rs 1.99 crore during the same period last year, according to the company's latest regulatory filing. Despite the setback, the retail giant, backed by the Raheja family, saw its revenue from operations rise by 13.7% to Rs 1,209.79 crore during the quarter, compared to Rs 1,064 crore a year ago.

In an earnings statement, Shoppers Stop disclosed a 14% rise in total expenses, amounting to Rs 1,241.99 crore for the same quarter in FY26. During the period, the company opened nine new stores, including four department stores and four INTUNE outlets. A capital investment of Rs 25 crore was made during the quarter, with premium brands contributing significantly to sales, accounting for 71% of total revenue. The beauty segment saw sales of Rs 309 crore, marking a 17% year-on-year growth led by fragrance.

Despite facing challenges such as global uncertainty and supply chain disruptions, Shoppers Stop's MD and CEO, Kavindra Mishra, expressed optimism about the Indian fashion market's resilience. He noted the momentum in fast fashion and premium segments, suggesting a healthy demand outlook despite inflationary pressures. In FY26, Shoppers Stop reported a total consolidated income increase of 8.83% to Rs 5,095.46 crore while working towards becoming debt-free by FY27. The company's shares ended Tuesday trading at Rs 295.15 on the BSE, down by 1.60% from the previous close.