Shoppers Stop FY26 Results: Record LFL Growth, Premiumization Drive

Shoppers Stop reported its highest LFL sales growth in a decade at 4.7% for FY26, driven by a 3.8% increase in customer entry and a 7% rise in average transaction value.
The company generated its highest operating cash flow in 8 years at INR 301 crore, reduced debt by INR 109 crore, and optimized working capital by INR 155 crore.
Beauty distribution business grew 81% YoY to INR 426 crore revenue, while the INTUNE format showed recovery with 24% Q4 growth but remains loss-making.
Management outlined FY27 strategy focused on premiumization, opening 9 new department stores, renovating 5 marquee stores, and targeting breakeven for INTUNE by FY28.