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Fuel price and raw material inflation
View Risks →Shoppers Stop Ltd — Q4 FY26
Shoppers Stop delivered a strong Q4 FY26 with departmental store LFL growth of 4.6%, driven by premiumization and a 3.2% increase in customer entries.
bullish
high
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Shoppers Stop delivered a strong Q4 FY26 with departmental store LFL growth of 4.6%, driven by premiumization and a 3.2% increase in customer entries. The beauty segment grew 17% YoY, led by fragrances (+37%) and the distribution business (SSB) surging 69% YoY. Intune revenue rose 24% YoY to ₹67 crore, with improving unit economics. Management guided for nine new departmental stores in FY27, renovation of five marquee stores, and halving Intune losses. Core departmental store EBITDA grew 52% YoY to ₹50 crore. Key risks include fuel/raw material inflation impacting demand and supply chain disruptions in H2. The company targets debt-free status by Q4 FY27 and expects continued LFL momentum.
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LFL Sales Growth (Departmental Stores)
4.6%
+4.6pp YoY
Highest LFL in a decade; driven by premiumization and customer entry growth.
Customer Entry Growth (LFL)
3.2%
+3.2pp YoY
Third consecutive quarter of LFL customer entry increase.
Beauty Distribution Revenue (SSB)
₹114 Cr
+69% YoY
Sustained strong growth; 20+ new premium brands added during the year.
Loyalty Program Repeat Rate
69%
+69% YoY
Repeat rate stable; loyalty contribution at 84% of revenue.
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Guidance and risk preview
Planned addition of nine premium departmental stores, all in marquee locations, expected to generate ₹45-50 crore each over 2-3 years.
Rising fuel and raw material costs may impact consumer demand in the short term, though premium positioning provides some insulation.
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