Shoppers Stop Ltd (BOM:532638)

Q3 2026 Shoppers Stop Ltd Earnings Call Transcript

Jan 20, 2026 / 05:30 AM GMT

Release Date Price: ₹341.9 (-6.14%)

Transcript

Key Points

Positve

Shoppers Stop Ltd (BOM:532638) reported a successful 'Wedding with Shopper Stop' campaign, which significantly boosted their promotion mix from 65% to 69%.
The company saw a steady increase in the share of non-apparel categories, indicating a broader customer engagement beyond just apparel.
Customer entries grew by 5% despite a challenging operating environment, and new customer acquisition remained strong at 40% of total customers.
The beauty segment showed robust growth, with beauty sales increasing by 14%, driven by fragrances and a strong distribution business.
The distribution business delivered a strong performance with a 58% revenue growth, reflecting the strength of their portfolio and improved execution.

Negative

The overall operating environment during the third quarter was sluggish, with consumer sentiment remaining cautious, impacting demand.
Like-for-like sales declined in October, were flat in December, and overall sales for the quarter remained flat.
The company faced challenges with inventory management, particularly in the Intune segment, which affected product freshness and sales.
Gross margin contracted by 111 basis points due to early end-of-season sales in Intune and higher provisions in private brands.
Despite efforts in premiumization, the company struggled with conversion rates, which remained a challenge in driving overall sales growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SHOP.NS - Shoppers Stop Ltd
Q3 2026 Shoppers Stop Ltd Earnings Call
Jan 21, 2026 / 05:30AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, good day and welcome to Q3 and 9 month F526 earnings conference call of Shopper Stop Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing 10 on your touchstone form. Please note that this conference is being recorded. I now want to conference over to Mr. Prane Prem Kumar from 10 to 1 Investigations Team.

Thank you and over to you, Mr. Prem Kumar.

Thank you, Renju.

--------------------------------------------------------------------------------
Unidentified_2 [2]
------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.