Shoppers Stop (SHOPERSTOP)₹363.95−0.46%Diversified Retail
In the Sep 2026 quarter (consolidated), Shoppers Stop reported sales of ₹1,369 Cr, up 8.7% from Sep 2025, and net profit of ₹3.10 Cr. For the year to Mar 2026, sales were ₹5,048 Cr and net profit −₹35.87 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,240 | 1,048 | 1,071 | 1,116 | 1,381 | 1,066 | 1,162 | 1,259 | 1,418 | 1,211 | 1,293 | 1,369 |
| Expenses | 1,018 | 877 | 924 | 963 | 1,130 | 892 | 987 | 1,084 | 1,194 | 1,023 | 1,101 | 1,167 |
| Operating Profit | 217 | 166 | 142 | 149 | 245 | 169 | 171 | 170 | 217 | 184 | 187 | 196 |
| OPM % | 17.6% | 16.0% | 13.4% | 13.5% | 17.9% | 16.0% | 14.9% | 13.7% | 15.5% | 15.3% | 14.6% | 14.5% |
| Other Income | 3.35 | 32.98 | 3.55 | 7.71 | 22.52 | 20.32 | 10.08 | 9.51 | 6.25 | 7.32 | 5.41 | 22.89 |
| Interest | 58.41 | 57.42 | 60.79 | 64.30 | 65.17 | 69.98 | 72.94 | 72.35 | 71.34 | 71.91 | 73.52 | 74.35 |
| Depreciation | 112 | 112 | 117 | 122 | 130 | 126 | 130 | 134 | 133 | 145 | 138 | 141 |
| Profit before tax | 51.03 | 30.12 | −31.68 | −28.77 | 72.98 | −5.44 | −20.95 | −26.91 | 19.71 | −24.90 | −19.05 | 4.14 |
| Tax % | 27.5% | 22.8% | −28.3% | −28.4% | 28.2% | −136.7% | −24.8% | −25.2% | 18.0% | −34.3% | −25.2% | 24.6% |
| Exceptional items | 0.00 | −0.99 | 0.00 | −1.99 | 0.00 | 1.99 | 0.00 | 0.00 | −13.98 | −0.99 | 0.00 | 0.00 |
| Net Profit | 36.71 | 23.10 | −22.67 | −20.53 | 52.03 | 1.98 | −15.69 | −20.06 | 16.07 | −16.29 | −14.20 | 3.10 |
| EPS (Rs) | 3.36 | 2.12 | −2.08 | −1.88 | 4.76 | 0.19 | −1.44 | −1.84 | 1.47 | −1.49 | −1.30 | 0.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,604 | 3,762 | 3,705 | 3,583 | 3,467 | 1,752 | 2,522 | 4,031 | 4,325 | 4,638 | 5,048 | 5,290 |
| Expenses | 4,402 | 3,621 | 3,535 | 3,324 | 2,906 | 1,700 | 2,244 | 3,320 | 3,590 | 3,911 | 4,290 | 4,485 |
| Operating Profit | 179 | 128 | 150 | 245 | 550 | 43.84 | 269 | 693 | 714 | 705 | 742 | 783 |
| OPM % | 3.9% | 3.4% | 4.1% | 7.1% | 16.1% | 2.5% | 11.1% | 17.1% | 17.1% | 15.1% | 15.1% | 14.8% |
| Other Income | 27.99 | 17.99 | 232 | 17.99 | 23.98 | 224 | 194 | 54.94 | 48.97 | 53.99 | 32.97 | 41.87 |
| Interest | 84.71 | 85.76 | 37.84 | 13.95 | 196 | 222 | 206 | 208 | 224 | 260 | 288 | 291 |
| Depreciation | 130 | 119 | 115 | 141 | 451 | 393 | 356 | 382 | 438 | 495 | 542 | 556 |
| Profit before tax | −7.01 | −58.10 | 231 | 110 | −72.10 | −347 | −98.10 | 159 | 104 | 7.01 | −53.06 | −20.10 |
| Tax % | 481.9% | 34.9% | 7.9% | 40.9% | 97.9% | −23.1% | −53.1% | 26.9% | 25.9% | −55.1% | −32.1% | — |
| Exceptional items | 4.99 | −6.99 | 179 | 0.00 | 0.00 | 0.00 | 30.95 | 1.99 | −3.99 | 0.99 | −16.98 | −14.97 |
| Net Profit | −39.85 | −77.80 | 213 | 64.83 | −141 | −266 | −46.89 | 116 | 76.74 | 10.96 | −35.87 | −11.32 |
| EPS (Rs) | 0.24 | −3.60 | 22.37 | 5.95 | −13.00 | −24.45 | −4.30 | 10.59 | 7.04 | 1.00 | −3.29 | −1.03 |
| Dividend payout % | 260.1% | −16.9% | 3.0% | 10.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 42.11 | 42.09 | 42.14 | 44.11 | 44.13 | 44.13 | 55.14 | 55.14 | 55.11 | 55.17 | 55.13 | 55.17 |
| Reserves | 489 | 475 | 438 | 862 | 874 | 23.05 | 65.22 | 21.06 | 151 | 247 | 267 | 237 |
| Borrowings | 754 | 831 | 888 | 125 | 74.20 | 2,253 | 2,112 | 2,122 | 2,385 | 2,795 | 3,327 | 3,326 |
| Other Liabilities | 701 | 688 | 690 | 757 | 1,486 | 1,771 | 1,289 | 1,593 | 2,019 | 2,208 | 2,457 | 2,687 |
| Total Liabilities | 1,985 | 2,037 | 2,059 | 1,790 | 2,479 | 4,090 | 3,521 | 3,791 | 4,609 | 5,305 | 6,107 | 6,304 |
| Fixed Assets | 906 | 910 | 924 | 676 | 617 | 1,908 | 1,726 | 1,729 | 2,103 | 2,590 | 2,979 | 3,040 |
| CWIP | 28.12 | 33.12 | 20.07 | 18.07 | 35.16 | 44.16 | 3.01 | 14.05 | 34.16 | 21.07 | 13.06 | 7.03 |
| Investments | 0.00 | 38.90 | 19.92 | 281 | 257 | 191 | 128 | 146 | 47.87 | 3.99 | 2.99 | 0.00 |
| Other Assets | 1,052 | 1,054 | 1,094 | 814 | 1,569 | 1,948 | 1,665 | 1,902 | 2,424 | 2,691 | 3,111 | 3,257 |
| Inventories | 508 | 580 | 580 | 357 | 1,074 | 1,243 | 858 | 1,010 | 1,504 | 1,691 | 2,045 | 2,107 |
| Trade receivables | 101 | 52.17 | 57.15 | 48.18 | 47.11 | 34.08 | 31.10 | 32.11 | 29.07 | 82.23 | 65.17 | 87.33 |
| Cash & equivalents | 19.94 | 9.98 | 7.98 | 5.98 | 16.95 | 3.99 | 41.86 | 31.91 | 30.92 | 16.95 | 13.95 | 12.96 |
| Total Assets | 1,985 | 2,037 | 2,059 | 1,790 | 2,479 | 4,090 | 3,521 | 3,791 | 4,609 | 5,305 | 6,107 | 6,304 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 111 | 155 | 63.90 | 297 | 202 | 576 | −2.99 | 382 | 542 | 560 | 548 | 837 |
| Cash from investing activity | −163 | −173 | −111 | −35.12 | −126 | −285 | −24.09 | −102 | −29.10 | −111 | −170 | −130 |
| Cash from financing activity | 44.92 | 9.98 | −9.98 | −171 | −62.87 | −432 | 167 | −269 | −536 | −478 | −408 | −674 |
| Net cash flow | −6.01 | −6.01 | −57.13 | 92.24 | 13.03 | −141 | 140 | 11.03 | −23.05 | −29.07 | −29.06 | 34.05 |
| Capex | 163 | 173 | 114 | 115 | 114 | 182 | 83.90 | 108 | 146 | 176 | 182 | 139 |
| Free cash flow | −51.90 | −16.95 | −46.90 | 184 | 88.77 | 394 | −84.80 | 275 | 398 | 387 | 368 | 701 |
| CFO / OP % | 50.0% | 110.0% | 69.1% | 221.0% | 105.0% | 112.0% | −35.0% | 134.0% | 79.0% | 78.0% | 78.0% | 112.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 10 | 5 | 7 | 6 | 6 | 5 | 7 | 6 | 4 | 8 | 6 | 7 |
| Inventory days | 69 | 74 | 90 | 57 | 188 | 225 | 290 | 244 | 235 | 242 | 273 | 253 |
| Days payable | 65 | 64 | 77 | 85 | 225 | 278 | 392 | 350 | 288 | 284 | 304 | 296 |
| Cash conversion cycle | 14 | 15 | 19 | −21 | −31 | −48 | −94 | −101 | −49 | −34 | −25 | −37 |
| Working capital days | −30 | −28 | −48 | −26 | −21 | −44 | −101 | −90 | −51 | −44 | −37 | −36 |
| ROCE % | 13.1% | 6.0% | 3.0% | 4.0% | 12.1% | 8.1% | −5.0% | 4.0% | 15.0% | 12.1% | 8.0% | 7.0% |
For the Sep 2026 quarter, Shoppers Stop reported sales of ₹1,369 Cr, up 8.7% year on year and net profit of ₹3.10 Cr. The operating margin was 14.5%.
Shoppers Stop's sales for the year to Mar 2026 were ₹5,048 Cr; over the last twelve months they were ₹5,290 Cr.
Net profit for the year to Mar 2026 was −₹35.87 Cr, and −₹11.32 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−1.03.
Shoppers Stop reported borrowings of ₹3,326 Cr at Mar 2026, against cash and equivalents of ₹12.96 Cr.
Cash from operations was ₹837 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹701 Cr.