Shoppers Stop narrows losses in Q2 as revenue rises

Fashion and lifestyle business Shoppers Stop narrowed its consolidated net loss in the second quarter of the 2026 financial year as its revenue from operations rose by 12.71% to total Rs 1,256.62 crore.

 
Shoppers Stop’s consolidated net loss totalled Rs 20.11 crore in the September quarter, compared to Rs 20.59 crore during the second quarter of the 2025 financial year, IndiaRetailing reported. The retail business’ revenue from operations had totalled Rs 1,114.87 crore a year prior. Expenses rose by 12.3% year on year to reach Rs 1,292.98 crore in the second quarter of this fiscal year.
 
“Our core business has delivered stupendous growth through a number of initiatives such as premiumisation, developing our own IPs to drive the premiumisation, engagement with first citizen customers, higher enrolment of premium black card customers, increased personal Shoppers Share, etc., resulting in sales public growth of 7%,” said Shoppers Stop’s managing director and CEO Kavindra Mishra, the Press Trust of India reported.

Shoppers Stop reported EBITDA growth of 42% in the September quarter and its profit before tax reached Rs 9 crore, compared to a loss a year prior. The business’ total income rose by 10.9% during the first half of the 2026 financial year at Rs 2,437.28 crore and its Intune and SS Beauty businesses showed notable growth despite headwinds.