Shoppers Stop Limited

NSE: SHOPERSTOP · Diversified Retail

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52W Range₹276 – ₹490

Snapshot

Unlock Shoppers Stop Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Shoppers Stop Limited is a prominent Indian retailer operating a diverse portfolio of departmental stores, home decor outlets, and beauty specialty stores. The company provides a wide range of consumer goods, including apparel, cosmetics, home furnishings, and books, through both physical retail locations and digital e-commerce platforms.

Business Model

The company generates revenue primarily through the direct retail sale of consumer products across its multi-format store network and online channels. It leverages a mix of private labels and third-party brands to cater to various lifestyle segments, supported by integrated logistics and distribution operations.

  • Departmental stores:88
  • HomeStop stores:11
  • Beauty stores:136
  • Airport stores:24

Growth Outlook

Growth is driven by the expansion of the company's omnichannel presence and the scaling of its beauty and home segments. Continued investment in digital infrastructure and store network optimization remains central to capturing evolving consumer demand in India.

Key Risks

  • Intense Retail Competition. The company faces significant competition from both established brick-and-mortar retailers and rapidly growing e-commerce platforms in India.
  • Discretionary Spending Sensitivity. As a retailer of lifestyle and consumer products, the company is highly susceptible to fluctuations in consumer sentiment and economic downturns.
  • Supply Chain Disruptions. Dependence on complex logistics and distribution networks exposes the company to potential operational delays and inventory management challenges.
  • Changing Consumer Preferences. Failure to adapt to rapidly evolving fashion trends and shifting consumer shopping habits could negatively impact market share and profitability.

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Key Metrics

EPS

₹-1.04

TTM · consolidated

-162.3%YoY

P/E

-342.4×

Q2 FY27 · consolidated

-342.4 vs 58.8x5Y avg

EV/EBITDA

5.0x

Q2 FY27 · consolidated

5.0 vs 5.9x5Y avg

EBITDA MARGIN

16.0%

TTM · consolidated

-0.8 ppYoY

NET PROFIT MARGIN

0.2%

Q2 FY27 · consolidated

+1.8 ppYoY

DEBT TO EQUITY

1.0x

Q2 FY27 · consolidated

-0.16xYoY

Peers · Diversified Retail

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Shoppers Stop LimitedSHOPERSTOP
₹3,924 Cr-342.4×4.97—16.0%-4.0%8.9%-30.8%
Vishal Mega Mart Ltd.VMM
₹41,648 Cr46.3×19.6317.8%15.1%12.1%15.6%-38.6%
Electronics Mart India LimitedEMIL
₹5,974 Cr29.0×11.8116.8%7.3%13.1%15.5%+2.8%
V-Mart Retail LimitedVMART
₹5,874 Cr42.4×10.5819.1%14.1%15.6%17.4%-11.0%
Keto Motors LtdKETOMOTORS
₹1,222 Cr———23.9%———
Patel RetailPATELRMART
₹810 Cr18.6×10.69—7.4%11.4%16.4%+8.7%

As of Q2 FY27

Financials