Shoppers Stop Limited — Investor Meet, 22-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Shoppers Stop delivered a resilient Q1 FY26 performance. Sales rose 6%, with departmental stores' like-for-like sales up 5% and EBITDA surging 145%. Overall EBITDA jumped 68%. Beauty business grew 17%, while Global SS Beauty doubled sales to INR 84 Cr. Strategic focus on premiumization, loyalty programs (record Black Card enrollments), and personal shoppers is paying off.

INTUNE, the value format, faced headwinds from deep discounting by peers in June, but leadership remains optimistic, aiming to scale up. The company reduced outright inventory by INR 110 Cr. Outlook is confident for coming quarters with a positive monsoon and early festive season, reflecting a focus on profitable growth.