Shoppers Stop Q2 FY26 Results: Net Revenue Rises 13% YoY to ₹1,257 Crore; EBITDA Up 13%

Mumbai, October 17, 2025 – Shoppers Stop Limited (NSE: SHOPERSTOP, BSE: 532638) logged a steady quarter performance that concluded on September 30, 2025, with its consolidated net revenue up 13% year-on-year (YoY) to ₹1,257 crore, underpinned by continued growth in its core departmental and cosmetics stores. Operating profit efficiency accelerated, with EBITDA rising 13% YoY to ₹180 crore, and the PAT loss reduced slightly to ₹20 crore from ₹21 crore in Q2FY25.

Consolidated Financial Performance – Q2 FY26

Q2 FY26 revenues remained flat compared to the corresponding quarter of the previous year. Gross revenue increased 13% year-on-year to ₹1,416 crore from ₹1,254 crore in Q2 FY25. Net revenue similarly increased to ₹1,257 crore, up 13%.

Total sales revenue and other income added up to ₹1,266 crore, up 13% compared with ₹1,125 crore in the previous year. Gross margin was ₹489 crore, up 10%, while the margin percentage dropped slightly to 38.9% from 39.7%. All operating expenses rose 9% year-on-year to ₹318 crore. EBITDA stood at ₹180 crore, up 13%, compared with ₹160 crore in the comparable quarter in the previous year.

Depreciation increased to ₹134 crore, and finance cost also rose to ₹73 crore. The company’s PBT was unchanged during the year at a loss of ₹27 crore, and net loss (PAT) was ₹20 crore compared to a lower ₹21 crore in the previous year.

Half-Yearly Performance (H1 FY26)

In H1 FY26, gross revenue increased by 11% to ₹2,726 crore compared to ₹2,459 crore in H1 FY25. Net revenue increased by 11% to ₹2,418 crore. Total revenue with other income increased to ₹2,437 crore compared to ₹2,197 crore in the previous year.

EBITDA increased by 18% to ₹361 crore, assisted by cost control and flat demand. Gross margin increased to ₹960 crore, with a margin percentage of 39.7%. Depreciation and finance cost increased to ₹264 crore and ₹146 crore, respectively. PBT (reported) loss decreased to ₹49 crore from ₹58 crore in the previous year, and PAT loss decreased to ₹36 crore compared to ₹44 crore, an improvement of 17%.

Management Commentary

Kavindra Mishra, MD & CEO, Shoppers Stop, said: “The second quarter registered continued growth led by premiumisation and brand connect. Our core business became profitable at the PBT level, driven by customer growth and higher average ticket sizes. Beauty and INTUNE remained fast-growing, and the festival quarter will provide additional thrust.

Share Price Update

Shoppers Stop Limited stock price is at trading at ₹520.05, down 0.66%, on October 17, 2025, at 3:11 PM. Shoppers Stop Limited’s stock price decreased by 30% in the past year, 13% in the year to date, and increased by 0.21% in the previous six months.

REF: https://nsearchives.nseindia.com/corporate/SHOPERSTOP_17102025142053_DisclosurePSIPSD.pdf

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