Shoppers Stop Q2 Sales Up 10%, EBITDA Up 11%

Shoppers Stop Ltd., a leading department store chain, reported a 10% growth in Q2FY26 sales to Rs. 1,175 crore and an 11% rise in EBITDA to Rs. 173 crore, driven by strong performance across its core business, beauty and INTUNE segments. For H1FY26, sales grew 8% to Rs. 2,270 crore, with EBITDA up 16% to Rs. 350 crore.

The company highlighted core business growth of 7%, while beauty sales surged 22% to Rs. 331 crore and INTUNE sales jumped 70% to Rs. 70 crore. Customer engagement also improved, with a 6% increase in like-for-like (LFL) customer entries. Premiumization continues to drive growth, contributing 69% of sales, up 16% YoY. First Citizen members accounted for 83% of sales, with Black Card enrolments reaching 32,000.

The quarter also saw store expansion with three INTUNE outlets, three beauty stores, and one department store added at a CAPEX of Rs. 34 crore. Shoppers Stop plans further growth in the festive season, leveraging new luxury brand launches, premium private labels, and enhanced store experiences.

Kavindra Mishra, MD & CEO, said, “Our core business is delivering strong growth through premiumization, customer engagement and innovative formats. INTUNE and beauty segments are performing well, and the coming festive season is expected to deliver strong results.”