Shares of Shoppers Stop Ltd declined nearly 4% to ₹553 on Friday after the company reported its Q1 FY26 results and announced a major leadership transition.
The stock was down 3.31% at ₹553 on the NSE, reacting to the June quarter performance and the retirement of long-serving chairman B S Nagesh after 34 years at the helm.
The retailer narrowed its net loss to ₹15.74 crore in Q1 FY26, from ₹22.72 crore in the year-ago period, supported by an 8.6% rise in revenue to ₹1,161 crore. EBITDA grew nearly 20% to ₹171.49 crore, with EBITDA margins improving to 14.7% from 13.4% a year ago.
Kavindra Mishra, MD & CEO, noted that the company delivered total sales of ₹1,336 crore, with 6% growth and 5% like-for-like (LFL) growth in department stores. The premium portfolio now contributes 67% of sales, up 8% YoY.
The quarter also marked the exit of B S Nagesh, with incoming chairman Nirvik Singh calling it a “celebration of an extraordinary tenure that shaped both Shoppers Stop and India’s retail industry.”
Investors appeared cautious despite improved margins and revenue growth, with the leadership change and lingering losses weighing on sentiment.
