Shoppers Stop Limited is India's leading Omni-Channel retailer of fashion, beauty, and home products. Founded in 1991, Shoppers Stop was one of the pioneers of modern retailing in India and the first department store in the country, revolutionizing the way modern India shopped. Shoppers Stop is an Indian department store chain, owned by K Raheja Corp.
The company has established itself as a benchmark for quality, diversity, and customer-focused service in the Indian retail landscape. Known for transforming the shopping experience, this iconic brand has become a benchmark for quality, diversity, and customer-focused service, epitomizing what thrills present-day Indian shoppers.
As of December 31, 2022, the company operated 800+ Brands under its portfolio and 271 Stores spread across 50 cities in India. The company's extensive retail footprint comprises 4.4 million sq ft of retail space spread across 88 department stores, 136 beauty stores, and 11 HomeStop stores across India.
The company operates through multiple retail formats including Shoppers Stop department stores, dedicated beauty stores, HomeStop stores for home products, and airport stores. It has 108 stores across 45 cities in India, offering clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home furnishing, and decor products.
In 2024, the Company opened 55 stores, comprising 15 new Shoppers Stop department stores, 16 dedicated beauty stores (including a state-of-the-art beauty outlet at Bengaluru Airport), and 22 new INT stores, demonstrating the company's continued expansion strategy.
Shoppers Stop offers a comprehensive range of products across multiple categories. Its stores feature apparels, accessories, fragrances, footwear, cosmetics, toys, kitchen and dining products, home appliances, home furnishing, and decor products. The company is known for its wide range of products and popular brands, including international labels like Calvin Klein, Tommy Hilfiger, and Gap. Shoppers Stop also offers a wide range of apparel, beauty, and home products from popular Indian brands like Biba, W, and Aurelia.
The company operates retail stores under private brands such as Kashish, Stop, Life, Fratini, Bandeya, Karrot, Haute curry, Insense, Altlife, U R You, Arcelia, and Earthi. It also features external brands such as Estee Lauder, MAC, Clinique, Smashbox, Jo Malone, Bobbi Brown, Vettorio Fratini, Rocky Star, Desigual, Femina Flaunt, Sanaa, Back to Earth, IVY, All Brands, and Kendall Kylie. Shoppers Stop has a strong private brand portfolio which, along with its array of exclusive brands, comprises almost 15% of the overall merchandise mix.
The company has embraced omni-channel retailing with a strong digital presence. Through its website, Shoppersstop.com, it offers international and national brands in men's, women's, and kids' apparel, gifts, and fashion accessories such as ladies watches, men's watches, artificial jewellery, fine jewellery, handbags, fragrances, men's and women's footwear, home furnishing, and decor products.
To engage and delight its many loyal customers, Shoppers Stop has designed the award-winning Loyalty Programme 'First Citizen'. Shoppers Stop is the only Indian member of IGDS (Intercontinental Group of Departmental Stores) along with 29 other International Department Stores from all over the world.
Shoppers Stop has a market capitalization of ₹5,585 Crore (down -34.2% in 1 year) with Revenue of ₹4,628 Cr and Profit of ₹10.9 Cr.
Recent Quarterly Performance:
- March 2025 (Q4 FY25): Revenue: ₹1,064.00 Cr, Net Profit: ₹1.99 Cr.
- December 2024 (Q3 FY25): Revenue from operations increased 8.67% year on year (YoY) to ₹1,311.46 crore. Profit before tax stood at ₹68.24 crore, up 37.5% YoY. EBITDA rallied 19.63% to ₹262 crore from ₹219 crore recorded in the corresponding quarter previous year.
- Q4 FY25 Challenges: Net profit fell -91.42% since the same period last year to ₹1.99 Cr in Q4 2024-2025.
The company is listed on both BSE and NSE. The company is listed on the Bombay Stock Exchange with the code 532638 and on the National Stock Exchange under the code SHOPERSTOP.
- Managing Director: B S Nagesh
- Chief Financial Officer: M Karunakaran
- Promoter Holding: 65.5% (as of recent reports)
Looking to the future, Shoppers Stop is poised for further growth. The company plans to expand its store network, especially in Tier 2 and Tier 3 cities, tapping into the growing consumer base in these regions. Additionally, the brand is continuously exploring new technologies and retail formats to enhance the customer experience and stay ahead in the competitive market.
The company's beauty distribution business has shown strong performance, with ₹78 crore sales during the quarter (over 26% YoY growth) and ₹169 crore YTD.
Shoppers Stop continues to adapt to evolving consumer preferences and market dynamics while maintaining its position as a leading player in India's organized retail sector. The company's focus on premiumization, private brand development, and omni-channel expansion positions it well for future growth in the Indian retail market.
