Shoppers Stop Limited — Investor Meet, 27-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Shoppers Stop's Q3 FY26 saw flat sales and a 24% EBITDA drop (pre one-offs) due to festive shifts, pollution, and tech/marketing investments. Premiumization is gaining traction, with a 69% mix and 'India Weds' campaign sales up 160% to Rs 104 Cr. Beauty sales grew 14%, and distribution business surged 58% to Rs 122 Cr. INTUNE losses are set to significantly reduce from Rs 60 Cr (FY26) to Rs 20-25 Cr (FY27), targeting profitability by FY28. Management is confident in a strong rebound, forecasting mid-teen revenue growth for FY27, driven by strategic store expansions and operational efficiency.