Multi-brand fashion retailer Shoppers Stop Limited faced a significant drop in its net profit for the third quarter, with a steep fall to Rs 16.1 crore from Rs 352.2 crore in the same period last year. Despite this, revenue showed a modest increase of 2.6% year-on-year, reaching Rs 1,415 crore.
The company’s operating performance was also impacted, with EBITDA decreasing by 11.1% to Rs 217.8 crore in Q3, down from Rs 245 crore a year ago. Consequently, the EBITDA margin fell to 15.4% from 17.7% in the corresponding quarter of the previous financial year.
Shoppers Stop highlighted that overall sales remained flat during the quarter due to various factors like changes in the festive calendar, uneven discretionary spending, and high pollution levels in North India. Despite these challenges, the company continued to strengthen its premium brand portfolio, which contributed 69% to total sales and grew by 6% year-on-year.
The beauty segment of Shoppers Stop performed well, with sales increasing by 14% year-on-year to Rs 395 crore. Additionally, INTUNE sales saw a robust growth of 22% to Rs 77 crore, with improvements in average transaction value, average selling price, and customer footfall.
During Q3FY26, Shoppers Stop expanded its presence by opening new department stores, INTUNE stores, and a HomeStop store. The company’s capital expenditure for the quarter amounted to Rs 35 crore, bringing the total capex for the year to Rs 89 crore. Moreover, Shoppers Stop managed to reduce its working capital while maintaining stable net debt at Rs 90 crore.
