Shoppers Stop532638Quarterly results

Q2FY27: PAT turns positive at Rs 6 Cr, EBITDA up 56% YoY to Rs 43 Cr

Shoppers Stop's Q2FY27 press release and investor presentation are out.

By ScoutQuest · Fri 16 Oct 2026, 2:33 PM IST · 2 min read

Consolidated non-GAAP sales: Rs 1,618 Cr
EBITDA: Rs 43 Cr (+56% YoY)
PAT: turned positive at Rs 6 Cr

Profitability turnaround continues

Shoppers Stop's disclosure for the quarter and half year ended September 30, 2026 includes a press release and an investor presentation. The central claim in the press release is that the profitability turnaround continued, with PAT positive in both Q2 and H1.

Q2 numbers, consolidated, non-GAAP

Sales Rs 1,618 Cr, higher than the same quarter last year
EBITDA Rs 43 Cr, up 56% YoY
PAT Rs 6 Cr, positive against a loss in the year-ago quarter

The update also sets out GAAP figures alongside the non-GAAP figures, and notes that the non-GAAP measures should be read together with the GAAP statements.

Business highlights

Department format sales Rs 1,302 Cr, with festive-adjusted like-for-like growth; a department store was also renovated during the quarter
Beauty segment sales Rs 367 Cr, led by the fragrance category
Beauty distribution (GSSBB) sales Rs 168 Cr, described as the highest quarterly sales for that business
INTUNE, the value fashion format, reported festive-adjusted like-for-like growth, with losses reducing
Private brand premiumisation continued, with a widened price range and lower inventory

Expansion, debt and inventory

Net debt reduced by Rs 82 Cr, and the company says it is on track to become debt free by Q3FY27
Outright inventory was reduced year on year
New stores were opened in the quarter across the Department, Beauty Boutique and MAC SIS formats

Loyalty

The First Citizen programme continued to draw members, with the highest ever enrolment of the Premium Black Card during the quarter.

Management comment

MD and CEO Kavindra Mishra said the quarter was a strong performance despite the festive season shifting largely to Q3 this year, and pointed to premiumisation, experiential retail, inventory discipline and operating leverage as the drivers. The presentation's market outlook section lists inflation, crude prices, interest rates and the rupee as key variables for the consumption outlook, with tier II cities expected to drive incremental expansion.

What a retail investor may take away

The update is a results-related communication: a profitable quarter against a loss a year earlier, lower net debt, and store additions, with a stated goal of becoming debt free by Q3FY27.

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