Shoppers Stop Reports Q4 Loss Amid Rising Revenues and Expansion Efforts
Shoppers Stop reports Q4 net loss of Rs 16.35 cr; FY26 revenue at Rs 5,095 cr
The Economic TimesImage: The Economic Times
Shoppers Stop, a major retail chain in India, reported a consolidated net loss of ₹16.35 crore for the March quarter, compared to a profit of ₹1.99 crore a year earlier. Despite the loss, revenue from operations grew by 13.7% to ₹1,209.79 crore as the company expanded its store network and focused on premium brands.
- 01Shoppers Stop reported a net loss of ₹16.35 crore for Q4 FY26.
- 02Revenue from operations increased by 13.7% to ₹1,209.79 crore.
- 03The company launched 9 new stores and invested ₹25 crore in capital during the quarter.
- 04Premium brands accounted for 71% of total sales, with beauty segment sales growing by 17%.
- 05Shoppers Stop aims to become debt-free by FY27, having retired ₹109 crore of debt.
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Shoppers Stop, a prominent retail chain in India, reported a consolidated net 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. The company's revenue from operations rose 13.7% to ₹1,209.79 crore, driven by the launch of 9 new stores and a focus on premium brands, which contributed 71% of total sales. The beauty segment saw a notable growth of 17%, reaching ₹309 crore in sales. Shoppers Stop's total consolidated income for FY26 was ₹5,095.46 crore, marking an increase of 8.83%. The company's Managing Director and CEO, Kavindra Mishra, highlighted a resilient performance despite global uncertainties and supply chain disruptions. Shoppers Stop is on track to retire its debt and aims to become debt-free by FY27, having already paid off ₹109 crore in debt. Shares of the company closed at ₹295.15 on the Bombay Stock Exchange, reflecting a 1.60% decrease from the previous close.
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The financial performance of Shoppers Stop may affect its expansion plans and employment opportunities in the retail sector.
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