Mumbai, 18th October, 2025: Shoppers Stop Ltd., a leading department store with premier fashion and beauty brands, has declared its results for the quarter ended 30th September 2025.
Commenting on the Q2FY26 results, Mr. Kavindra Mishra, MD and CEO, Shoppers Stop Ltd, said, “I am pleased to share our sustained good performance and outgrowing quarter after quarter. Our Core business has delivered stupendous growth through number of initiatives such as premiumization, developing our own IPs to drive the premiumization, Engagement with First Citizen Customers, Higher enrolment of Premium Black Card customers, Increased Personal Shoppers Share, etc. resulting in sales .
growth of 7%. More importantly the department LFL grew by 9.4% .Our sales growth has further amplified by Customer Entry growth of 6% LFL, a positive growth for the first time in many years. Our EBITDA grew by 42% and Profit before tax turned the corner from a loss in FY25 to a profit of Rs.9 Crs in Q2.
Our new business, i.e. INTUNE and ss.beauty.in, which we have been investing has been performing appreciably, despite headwinds. The sales growth has been 75%, with marked improvement in the business in the last quarter, particularly in September 2025.
Our distribution continues to grow more than 100% with new additions from the staples of beauty companies globally. We will be launching brands by EuroItalia, a global player in luxury beauty industry, known for promoting the “Made in Italy” craftsmanship worldwide, with luxury fragrances and cosmetics.
As we step into busy festive season I expect the demand to increase and stabilize. With a combination of Government Sops and Wedding season, I am confident the coming season should deliver strong results.
Performance of strategic pillars in Q2FY26:
- First Citizen – First Citizen Members contributed 83% to overall sales, (69% repeat and 14% new). Black card enrolments reached 32K and Silver card enrolments 208K, Our Premium Black Card members contributed 19% to the overall sales.
- Beauty –Beauty segment delivered sales of Rs. 331 Cr (+22% YoY). Opened three beauty outlets including ARMANI beauty and NARS boutiques at Palladium, Mumbai, along with an SS Fragrance store at EDM Mall, Ghaziabad.
- Private Brands – Private Brands sales at Rs 161 Crs with a contribution of 13% to the overall sales and 17% to apparel business. Continue to focus on premiumization with innovative design and natural fabrics. Improved productivity driving surge in profitability. Indian wear brands “Bandeya” and “Kashish” grew by 19%. Kids category delivered sales and volume growth of 17% and 30% respectively.
- INTUNE –Sales contribution from INTUNE stood at Rs. 70 Cr (+70%). Launched 2.0 with a focus to enhance the store experience with modern fixtures, wider and appealing facades and improved in-store communication. We have been witnessing sequential improvement month over month, with September registering highest growth besides positive Like to Like sales.
- Store Expansion – In the quarter, we launched 3 INTUNE stores, 3 Beauty stores and 1 Department store with CAPEX Rs 34 Cr
