Shoppers Stop, a leading multibrand fashion retailer in India, reported a consolidated loss of ₹16.35 crore for the March quarter of FY26, a decline from a profit of ₹1.99 crore in the same period last year. Despite the loss, the company experienced a 13.7% increase in revenue from operations, reaching ₹1,209.79 crore, attributed to strong sales in premium brands and a robust beauty segment, which alone generated ₹309 crore in sales, marking a 17% year-on-year growth. Total expenses rose by 14% to ₹1,241.99 crore, while EBITDA grew by 8.5% to ₹184.3 crore, resulting in an EBITDA margin of 15.2%.

The company added nine stores and reported a significant cash generation of ₹301 crore, the highest in eight years. Shoppers Stop aims to become debt-free by FY27, having already reduced its debt by ₹109 crore. Managing Director and CEO Kavindra Mishra noted that the company is navigating a challenging market landscape while focusing on premiumisation. He expressed optimism regarding consumption trends, despite potential inflationary pressures from supply chain disruptions. The First Citizen loyalty program also saw record enrolments, with Black Card memberships increasing by 50% year-on-year.