Board Meeting Details
The Board of Directors meeting was held on October 16, 2026, commencing at 12:15 pm and concluding at 2:10 pm. The meeting approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026.
Financial Results - Standalone (₹ Crores)
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,226.92
- Other Income: ₹22.64
- Total Income: ₹1,249.56
- Total Expenses: ₹1,252.69
- Loss before exceptional items and tax: ₹(3.13)
- Loss before tax: ₹(3.13)
- Tax expenses: ₹(0.80)
- Net Loss for the period: ₹(2.33)
- Other Comprehensive Income: ₹0.16
- Total Comprehensive Loss: ₹(2.17)
- Basic EPS: ₹(0.21)
- Diluted EPS: ₹(0.21)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹2,412.30
- Other Income: ₹27.76
- Total Income: ₹2,440.06
- Total Expenses: ₹2,465.44
- Loss before exceptional items and tax: ₹(25.38)
- Loss before tax: ₹(25.38)
- Tax expenses: ₹(6.34)
- Net Loss for the period: ₹(19.04)
- Other Comprehensive Income: ₹0.33
- Total Comprehensive Loss: ₹(18.71)
- Basic EPS: ₹(1.73)
- Diluted EPS: ₹(1.73)
Financial Results - Consolidated (₹ Crores)
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,366.27
- Other Income: ₹22.88
- Total Income: ₹1,389.15
- Total Expenses: ₹1,385.02
- Profit before exceptional items and tax: ₹4.13
- Profit before tax: ₹4.13
- Tax expenses: ₹1.02
- Net Profit for the period: ₹3.11
- Other Comprehensive Income: ₹0.16
- Total Comprehensive Income: ₹3.27
- Basic EPS: ₹0.28
- Diluted EPS: ₹0.28
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹2,657.68
- Other Income: ₹28.30
- Total Income: ₹2,685.98
- Total Expenses: ₹2,700.88
- Loss before exceptional items and tax: ₹(14.90)
- Loss before tax: ₹(14.90)
- Tax expenses: ₹(3.76)
- Net Loss for the period: ₹(11.14)
- Other Comprehensive Income: ₹0.33
- Total Comprehensive Loss: ₹(10.81)
- Basic EPS: ₹(1.01)
- Diluted EPS: ₹(1.01)
Balance Sheet Highlights (as at September 30, 2026)
Standalone (₹ Crores):
- Total Assets: ₹6,306.91
- Property, Plant and Equipment: ₹493.73
- Right of Use Assets: ₹2,509.55
- Inventories: ₹2,051.22
- Total Equity: ₹282.51
- Non-current Liabilities: ₹2,812.78
- Current Liabilities: ₹3,211.62
Consolidated (₹ Crores):
- Total Assets: ₹6,552.05
- Property, Plant and Equipment: ₹519.98
- Right of Use Assets: ₹2,531.58
- Inventories: ₹2,275.50
- Total Equity: ₹282.14
- Non-current Liabilities: ₹2,831.23
- Current Liabilities: ₹3,438.68
Cash Flow Statements (Half Year Ended September 30, 2026)
Standalone (₹ Crores):
- Net cash from operating activities: ₹365.62
- Net cash used in investing activities: ₹(91.98)
- Net cash used in financing activities: ₹(261.15)
- Net increase in cash and cash equivalents: ₹12.49
Consolidated (₹ Crores):
- Net cash from operating activities: ₹327.07
- Net cash used in investing activities: ₹(77.21)
- Net cash used in financing activities: ₹(205.83)
- Net increase in cash and cash equivalents: ₹44.03
Key Notes to Financial Results
Note 4 - Service Tax Contingency:
The Company has not provided for retrospective levy of service tax for the period from June 01, 2007 to March 31, 2010 on renting of immovable properties given for commercial use, aggregating ₹16.60 crores (Standalone) and ₹20.11 crores (Consolidated). The matter is pending final disposal of appeal filed before the Supreme Court of India. The amount has been fully paid under protest.
Note 5 - Exceptional Items:
For the financial year ended March 31, 2026, exceptional items included:
- Provision for impairment of Property, Plant and Equipment: ₹1.30 crores
- Impact of new labour code - one time increase in provision for employee benefit expenses: ₹17.49 crores (Standalone), ₹17.69 crores (Consolidated)
- Total exceptional items: ₹18.79 crores (Standalone), ₹18.99 crores (Consolidated)
Note 6 - ESOP Grants and Exercises:
During the quarter ended September 30, 2026:
- Granted 49,950 Employee Stock Options under ESOP Scheme 2022
- Granted 24,975 Restricted Stock Units under ESOP 2022 Scheme
- Total equity incentives granted: 74,925
- Employee stock options exercised: 80,916
Subsidiaries Included in Consolidation
1. Gateway Multichannel Retail (India) Limited
2. Shopper's Stop Brands (India) Limited
3. Shopper's Stop.com (India) Limited
4. Global SS Beauty Brands Limited
Auditor's Review
The statutory auditors, SR BC & CO LLP, issued an unmodified review report with an Emphasis of Matter paragraph regarding the non-provision of service tax levy. Their conclusion was not modified in respect of this matter.