SSShoppers Stop532638Quarterly results

Board approves unaudited Q2/H1 results; auditors issue limited review report

Board meeting held on October 16, 2026.

By ScoutQuest · Fri 16 Oct 2026, 2:23 PM IST · 3 min read

Total Income YoY Change

+9.7% (Year ago 1,266.12)

Profit After Tax (Latest)

3.11 Crores (Year ago (20.11), Prev qtr (14.25))

Period

30 Sept 2026 Unaudited (For the Quarter Ended)

Board meeting outcome: what was approved

• The Board of Directors of Shoppers Stop Limited met on October 16, 2026. The meeting commenced at 12:15 pm and concluded at 2:10 pm.
• The Board approved the Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026. The update calls these "the Financial Results".
• The results were enclosed together with the Limited Review Report issued by the Statutory Auditors of the Company on the Financial Results.
• The same information has been made available on the company's corporate website, under the investors section.

What the auditor's review concludes

• The Statutory Auditors, S R B C & Co LLP (Chartered Accountants), reviewed the standalone statement for the quarter ended September 30, 2026 and the year to date from April 01, 2026 to September 30, 2026, and separately the consolidated statement for the same periods.
• Their conclusion, in both reports: based on the review conducted, nothing has come to their attention that causes them to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, has not disclosed the information required to be disclosed under the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

What a limited review means

• The auditor's report is a review, not an audit. A review is carried out under the Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India.
• A review involves making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures.
• The auditor notes that a review is substantially less in scope than an audit conducted in accordance with Standards on Auditing, and consequently does not enable the auditor to obtain assurance that all significant matters that might be identified in an audit would become known. Accordingly, the auditor states that they do not express an audit opinion on the statements.
• The conclusion is described as giving moderate assurance, which is a lower level of assurance than an audit provides.

What the consolidated statement covers

• Parent company: Shoppers Stop Limited (referred to as the Holding Company).
• Subsidiaries: Gateway Multichannel Retail (India) Limited, Shopper's Stop Brands (India) Limited, Shopper's Stop.com (India) Limited, and Global SS Beauty Brands Limited.
• Together, the Holding Company and its subsidiaries are referred to as "the Group".
• The Holding Company's Management is responsible for preparing the Statement in accordance with the recognition and measurement principles in Indian Accounting Standard 34, "Interim Financial Reporting". The Statement has been approved by the Holding Company's Board of Directors. The auditor's responsibility is to express a conclusion on the Statement based on the review.
• Additional procedures were performed in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

How a retail investor can read this

• This is a board meeting outcome where the key decision is approval of the quarterly and half-year unaudited results, which are accompanied by an independent auditor's limited review report.
• The auditor's conclusion is framed in the standard "nothing has come to our attention" language used for reviews; it is a conclusion on the review procedures performed, not an audit opinion.
• Because it is a review under SRE 2410, the procedures and the assurance obtained are less extensive than in a full audit.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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