Shoppers Stop shares surged 15% on Thursday, 15 October, opening at ₹385.05 on the BSE and touching an intraday high of ₹430.95 per share, according to reports from LiveMint. The stock gained momentum amid upbeat sentiment in the broader stock market and ahead of the company's Q2 FY27 results scheduled for Friday, 16 October. The retailer's board of directors will meet on 16 October to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026.
Shoppers Stop reported consolidated revenue from operations of ₹1,291.41 crore for Q1 FY27, representing growth of approximately 11.2% year-on-year from ₹1,161.08 crore in Q1 FY26, as reported by LiveMint. The company's consolidated net loss narrowed to ₹14.25 crore from ₹15.74 crore in the corresponding period last year. Statutory EBITDA reached approximately ₹193 crore, compared with ₹182 crore a year earlier. However, management also reported non-GAAP operating measures that should be distinguished from statutory financial results when comparing profitability.
Beauty sales reached approximately ₹327 crore during Q1 FY27, increasing 15% year-on-year, with fragrance sales growing 34%, contributing significantly to the category's performance, according to LiveMint. The company's beauty distribution business reported revenue of approximately ₹129 crore, representing growth of 53%. Intune recorded higher sales and comparable-store growth, supporting the company's expansion strategy in the affordable retail format.
Rajesh Bhosale from My Advisor Alpha noted that Shoppers Stop shares are witnessing strong momentum, rising more than 14% on heavy volumes, according to LiveMint. He identified that the stock has faced strong resistance around ₹440 in the past, with a decisive breakout above this level potentially triggering further gains towards ₹480–500, while ₹400 remains a key support level. Virat Jagad from Bonanza highlighted that the stock surged 14.43% to ₹427.10, forming a strong bullish candle backed by sharp spike in trading volumes. The stock has moved above its key moving averages, signalling improving bullish momentum, with RSI at 62.28 supporting the positive outlook.
Shoppers Stop opened eight new stores in the June quarter, including two department stores, four beauty stores and two outlets under its affordable retail format, INTUNE, as reported by LiveMint. The company invested ₹44 crore in these additions as part of its expansion strategy. Investors will track the management's commentary on demand trends and the company's expansion strategy for further cues on its growth outlook, with analysts identifying ₹440 as resistance and ₹400 as key support levels.
