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Shoppers Stop same-store sales growth slows to 2% as festive season shifts later
Our read
Shoppers Stop's same-store sales growth slowed to 2% as a delayed festive season hit traffic, so department-store operators should read the dip as festive timing, given growth of 7% adjusted for the shift.
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Premium portfolio sales growth against the 10% reported for Q2
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How do Shoppers Stop's results compare with its rivals?The report,
Shoppers Stop's same-store sales growth slowed to 2% in the July to September quarter from 6% in the previous quarter, as a delayed festive season hit traffic. Adjusted for the shift, growth was 7%. Revenue rose 8.7% to 13.7 billion rupees.
- Jul-Sep quarter, year earlier9.4%
- Previous quarter6%
- Jul-Sep quarter, reported2%
- Jul-Sep quarter, festive-shift adjusted7%
Newer report adds to this story , : Shoppers Stop expects to be debt-free by end of Q3 FY27.
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Reported figures
From the report. Source details below
| Premium portfolio sales growth: | 10% |
|---|
Why it matters to operators
Shoppers Stop's same-store growth slowed to 2% from 6% on the later festive season, while revenue rose 8.7% to 13.7 billion rupees, so the 7% shift-adjusted growth is the figure to track.
What to watch next
- Q3 same-store sales growth above the 7% shift-adjusted Q2 figure, at the Q3 FY27 results, would mean delayed festive demand is landing in full, which eases pressure on brand partners.
- Revenue from operations growth against Q2's 8.7% at the Q3 FY27 results
- Rivals' early festive discount campaigns and markdown depth ahead of the festive peak
- Mall operators' footfall commentary for the festive quarter