The revenue from operations rose to Rs 1,161.08 crore in the first quarter of the current fiscal year (Q1FY26)
Marking an improvement in its performance, Shoppers Stop has narrowed its consolidated net loss to Rs 15.74 crore in the first quarter of the current financial year (Q1FY26) from Rs 22.72 crore in Q1FY25.
In a regulatory filing, the company also informed that its Chairman, BS Nagesh, will retire from the post after 34 years of service. The financial results of the company revealed a year-on-year growth of 8.58 per cent in its revenue from operations, which rose to Rs 1,161.08 crore during the recently concluded quarter.
We have delivered an impressive performance, delivering sales of Rs 1,336 crore, registering 6 per cent growth and 5 per cent LFL growth in department stores, driven by premiumisation. Consumers are becoming more discerning and are willing to spend more. In a crowded marketplace, premiumisation allows retailers to stand out,” stated Kavindra Mishra, Managing Director (MD) and Chief Executive Officer (CEO), Shoppers Stop.
Mishra added that private brand sales stood at Rs 156 crore with a volume growth of 18 per cent in apparels, improved contribution and overall profitability. On the other key verticals, Beauty delivered Rs 219 crore with a growth of 2 per cent.
The company said that sales contribution from Intue stood at Rs 68 crore. It added four new stores, and the total count has reached 75 stores across 33 cities. Excluding the distribution business, the beauty segment delivered sales of Rs 219 crore, the company informed in its earnings release, adding that differentiated customer engagement initiatives are powering sustainable and profitable growth.
The incoming Chairman, Nirvik Singh, said, “This is not simply a farewell, but a celebration of an extraordinary tenure that has shaped the very character, vision, and resilience of our company and the overall Retail Industry”.
