However, revenue from operations increased 10.04% year on year (YoY) to Rs 1,175.31 crore in Q2 FY26. The firm posted a pre-tax loss of Rs 30.21 crore in Q2 FY26 compared to a pre-tax loss of Rs 30.68 crore for Q2 FY25.
The company posted a GAAP EBITDA of Rs 173 crore in Q2 FY26, up from Rs 157 crore in Q2 FY25. Non-GAAP EBITDA for the September 2025 quarter stood at Rs 23 crore, reflecting a 7% YoY growth. The GAAP gross margin came in at 39.2% in Q2 FY26, slightly lower than the 39.9% recorded in Q2 FY25.
The average transaction value (ATV) rose 8% YoY to Rs 5,109 crore in Q2 FY26, led by premiumization.
During the quarter, private brand sales were at Rs 161 crore, with a contribution of 13% to the overall sales and 17% to the apparel business.
The beauty distribution business continued to outperform with Rs 106 crore in sales during the quarter with over 103% YoY growth.
Shoppers Stop opened 1 department store, 3 beauty stores, and 3 Intune stores in this quarter with capex of Rs 34 crore.
The firm's First Citizen members contributed 83% to overall sales, out of which 69% were repeat and 14% were new members.
Kavindra Mishra, MD and CEO of Shoppers Stop, said, “The company’s core business continues to deliver consistent growth, supported by premiumization, higher engagement with First Citizen loyalty customers, and rising enrollments in the Premium Black Card program.
Department store like-for-like (LFL) sales grew 9.4%, while overall sales increased 7%, aided by a 6% rise in customer footfall—the first positive entry growth in several years.
Mishra noted that the company’s EBITDA rose 42%, and profit before tax turned positive at ₹9 crore compared to a loss last year. The company’s new businesses, including INTUNE and ss.beauty.in, posted 75% sales growth, led by strong momentum in September."
Shoppers Stop is the nation's leading premier retailer of fashion and beauty brands.