{"id":173222,"date":"2026-01-21T07:02:08","date_gmt":"2026-01-21T12:02:08","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=173222"},"modified":"2026-01-21T07:02:08","modified_gmt":"2026-01-21T12:02:08","slug":"shoppers-stop-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/shoppers-stop-q3-fy26-earnings-results\/","title":{"rendered":"Shoppers Stop Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Shoppers Stop Ltd. is the nation&#8217;s leading premier retailer of fashion and beauty brands established in 1991.\u00a0It has 800+ Brands under its portfolio and 271 Stores spread across 50 cities in India as of 31st Dec 2022.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 Earnings Results (Standalone)<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b91,320.85 crore, up 0.7% YoY from \u20b91,311.46 crore in Q3 FY25.<\/li>\n\n\n\n<li>Total Income: \u20b91,439.77 crore, up 2.7% YoY.<\/li>\n\n\n\n<li>Total Expenses: \u20b91,402.39 crore, up 5.5% YoY.<\/li>\n\n\n\n<li>Profit After Tax (PAT): \u20b912.61 crore, down 74.1% YoY from \u20b948.78 crore in Q3 FY25.<\/li>\n\n\n\n<li>PAT margin: ~1.0% vs ~3.7% in Q3 FY25.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:28px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b91,415.82 crore, up 2.6% YoY from \u20b91,379.47 crore in Q3 FY25.<\/li>\n\n\n\n<li>Net Profit: \u20b916.12 crore, down 69.1% YoY from \u20b952.23 crore in Q3 FY25.<\/li>\n\n\n\n<li>GAAP EBITDA: \u20b9234 crore vs \u20b9262 crore in Q3 FY25.\u200b<\/li>\n\n\n\n<li>Non\u2011GAAP EBITDA: \u20b970 crore, down 36% YoY.\u200b<\/li>\n\n\n\n<li>GAAP gross margin: 39.4% vs 40.7% in Q3 FY25.\u200b<\/li>\n\n\n\n<li>9M FY26 (Standalone):\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b93,590.35 crore, up 5.2% YoY from \u20b93,413.26 crore.\u200b<\/li>\n\n\n\n<li>Net Loss: \u20b927.96 crore vs profit \u20b94.27 crore in 9M FY25.\u200b<\/li>\n\n\n\n<li>Total Income: \u20b93,633.72 crore, up 5.4% YoY.\u200b<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Decisions \u2013 Q3 FY26<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>MD &amp; CEO Kavindra Mishra noted that Q3 was <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/a8294c5d-c650-471a-bdd4-c2be62dc3829.pdf\" target=\"_blank\" rel=\"noopener\">impacted by external factors<\/a> such as festival calendar shifts and uneven consumption trends, which weighed on sales, but the company continued steady progress on strategic priorities.\u200b<\/li>\n\n\n\n<li>During Q3 FY26, Shoppers Stop opened 3 department stores, 3 INTUNE stores and 1 HomeStop store, continuing its store expansion strategy despite profitability pressures.\u200b<\/li>\n\n\n\n<li>Premium portfolio performance remains a bright spot, with management focusing on premiumisation, omni\u2011channel expansion and private labels to improve margins over time.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Shoppers-Stop-Q3-FY26-Earnings-Results-839x1024.png\" alt=\"\" class=\"wp-image-173223\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Shoppers-Stop-Q3-FY26-Earnings-Results-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Shoppers-Stop-Q3-FY26-Earnings-Results-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Shoppers-Stop-Q3-FY26-Earnings-Results-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Shoppers-Stop-Q3-FY26-Earnings-Results-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Shoppers-Stop-Q3-FY26-Earnings-Results.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q2 FY26 Earnings Results (Standalone)<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b91,175.3 crore, up 10.0% YoY from \u20b91,067 crore in Q2 FY25 and up 8.2% QoQ from \u20b91,092 crore in Q1 FY26.\u200b<\/li>\n\n\n\n<li>Total Income: \u20b91,256 crore, up 13% YoY.\u200b<\/li>\n\n\n\n<li>Net Loss: \u20b920.1 crore vs \u20b920.5 crore in Q2 FY25 (marginal narrowing).<\/li>\n\n\n\n<li>Gross Margin: 39.2% vs 39.9% in Q2 FY25.\u200b<\/li>\n\n\n\n<li>Average Transaction Value (ATV): \u20b95,109, up 8% YoY.\u200b<\/li>\n\n\n\n<li>Private Brand Revenue: \u20b9161 crore (13% of total revenue; 17% of apparel revenue).\u200b<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Directions \u2013 Q2 FY26<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management highlighted sustained revenue growth and customer entry growth of 6% YoY, driven by premiumisation and private labels, despite macroeconomic challenges and elevated costs.<\/li>\n\n\n\n<li>Store expansion continued, with focus on INTUNE (value format), HomeStop and premium department stores to balance portfolio and capture diverse consumer segments.<\/li>\n\n\n\n<li>Emphasis on omni\u2011channel strategy, digital engagement and cost optimisation to improve profitability in subsequent quarters.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shoppers Stop Ltd. is the nation&#8217;s leading premier retailer of fashion and beauty brands established in 1991.\u00a0It has 800+ Brands under its portfolio and 271 Stores spread across 50 cities in India as of 31st Dec 2022. Q3 FY26 Earnings Results (Standalone) Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions \u2013 Q3 FY26 Q2 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":173223,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,85],"tags":[10225],"class_list":["post-173222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-retail-stocks","tag-consumer-good"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Shoppers-Stop-Q3-FY26-Earnings-Results.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171728,"url":"https:\/\/alphastreet.com\/india\/shoppers-stop-q2-fy26-earnings-results\/","url_meta":{"origin":173222,"position":0},"title":"Shoppers Stop Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 22, 2025","format":false,"excerpt":"Shoppers Stop Ltd. is the nation's leading premier retailer of fashion and beauty brands established in 1991. It has 800+ Brands under its portfolio and 271 Stores spread across 50 cities in India as of 31st Dec 2022. Presenting below are its Q2 FY26 earnings results. \u00a0 Q2 FY26 Earnings\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Shoppers Stop Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Shoopers-Stop-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Shoopers-Stop-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Shoopers-Stop-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Shoopers-Stop-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Shoopers-Stop-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Shoopers-Stop-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173194,"url":"https:\/\/alphastreet.com\/india\/tips-music-q3-fy26-earnings-results\/","url_meta":{"origin":173222,"position":1},"title":"Tips Music Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 20, 2026","format":false,"excerpt":"Tips Industries Limited, incorporated in 1996, is engaged in the business of Production and Distribution of motion Pictures and acquisition and exploitation of Music of Rights. The company is also a leading producer of Punjabi films in the country. 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Q3 FY26 Earnings Results Revenue from Operations: \u20b960.10 crore, down 11.46% YoY from \u20b967.88 crore.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Vakrangee Q3 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-61.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-61.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-61.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-61.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-61.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-61.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173653,"url":"https:\/\/alphastreet.com\/india\/syngene-q3-fy26-earnings-results\/","url_meta":{"origin":173222,"position":3},"title":"Syngene Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 22, 2026","format":false,"excerpt":"Syngene (established in 1993) as a Biocon subsidiary is India's first Contract Research Organization (CRO) which expanded later to be an integrated service provider offering end-to-end drug discovery, development, and manufacturing services on a single platform (CRAMS). 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Q3 FY26 Earnings Results Revenue from Operations \/ Total income: Revenue from operations at \u20b91,849 crore, up about 5.4% YoY versus \u20b91,754 crore in Q3 FY25; total income\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":173275,"url":"https:\/\/alphastreet.com\/india\/rajratan-global-wire-q3-fy26-earnings-results\/","url_meta":{"origin":173222,"position":5},"title":"Rajratan Global Wire Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 22, 2026","format":false,"excerpt":"The Company is engaged in the manufacturing of bead wire, a high-carbon steel wire utilized in the production of tires. Additionally, the Company produces drawn steel wire, commonly referred to as black wire, which finds applications in various industries such as automobile, construction, and engineering.\u00a0 Q3 FY26 Earnings Results Revenue\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rajratan-Global-Wires-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rajratan-Global-Wires-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rajratan-Global-Wires-Q3-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rajratan-Global-Wires-Q3-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rajratan-Global-Wires-Q3-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Rajratan-Global-Wires-Q3-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=173222"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173222\/revisions"}],"predecessor-version":[{"id":173224,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173222\/revisions\/173224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/173223"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=173222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=173222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=173222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}