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Shoppers Stop reported a lower consolidated net loss for the first quarter of FY27, supported by double-digit growth in revenue and total income. The retailer expanded its store network by opening eight new outlets across department stores, beauty stores and its affordable retail format, INTUN, while investing INR 44 crore in expansion. The company also maintained confidence in consumer demand ahead of the festive season and reiterated its focus on inventory management, operational efficiency, disciplined capital allocation and achieving a debt-free position by FY27.
Shoppers Stop reported a narrowing of its consolidated net loss during the April-June quarter of FY27, supported by higher revenue and continued expansion of its retail network. The Raheja family-promoted retailer posted a consolidated net loss of INR 14.25 crore, compared with a loss of INR 15.74 crore in the corresponding quarter of the previous financial year, according to a regulatory filing.
Revenue from operations rose 11.22% year-on-year to INR 1,291.41 crore during the quarter, up from INR 1,161.08 crore recorded in the same period last year. The increase reflects steady consumer demand across its retail formats despite a competitive consumption environment.
The company's total income, including other income, increased 10.73% year-on-year to INR 1,296.83 crore during the quarter. At the same time, total expenses also grew 10.38% to INR 1,315.86 crore, largely in line with business expansion and higher operating activity.
As part of its expansion strategy, Shoppers Stop opened eight new stores during the quarter with a capital investment of INR 44 crore. The additions included two department stores, four beauty stores and two outlets under its affordable retail format, INTUN. The company has been expanding its portfolio across premium fashion, beauty and value retail formats to strengthen its presence in key markets.
Commenting on the quarterly performance, Managing Director and Chief Executive Officer Kavindra Mishra said demand remained steady during the first quarter and improved supply chain visibility had strengthened the company's confidence ahead of the upcoming festive season. He added that the retailer continues to focus on maintaining inventory discipline, improving operational efficiency, deploying capital prudently and achieving its target of becoming debt-free by FY27.
Over the past few years, Shoppers Stop has been increasing its focus on premiumisation while also expanding its beauty business and affordable retail offerings. The company has continued to invest in omnichannel capabilities, customer loyalty programmes and store expansion to strengthen its market position amid changing consumer preferences.
Shares of Shoppers Stop settled at INR 376.40 apiece on the BSE, down 2.31% from the previous closing level.
Source PTI
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