SHOPERSTOPNSE2 December 2025

Shoppers Stop Limited has informed the Exchange about Investor Presentation

Shoppers Stop Limited

SHOPPERS STOP

December 02, 2025

National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Stock Symbol : SHOPERSTOP

SEC/72/2025-26

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 001. Stock Code : 532638

Dear Sir / Madam,

Subject: Update on Investors / Analysts Meeting

We refer to our communication dated November 27, 2025, wherein pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we had intimated about participation in the ‘Analyst Day’ Meet organised by K. Raheja Corp Group (‘Group’) scheduled to be held at Trident, BKC, Mumbai on December 2, 2025.

Please find enclosed the presentation which shall be used at this Analyst Meet and also being posted on https://corporate.shoppersstop.com/investors/disclosures-under- the listing-regulations/.

Company’s website

at

Kindly take the same on the records.

Thank you.

Yours faithfully, For Shoppers Stop Limited

Rakeshkumar Saini Vice President – Legal, CS & Chief Compliance Officer ACS No: 20257

Registered & Service Office : Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (W), Mumbai 400 064, Maharashtra. T 022- 42497000 CIN : L51900MH1997PLC108798. Email : customercare@shoppersstop.com Website: www.shoppersstop.com

Toll Free No.:1800-419-6648 (9 am to 9 pm).

Public

Shoppers Stop Limited

SHOPPERS STOP

BUSINESS UPDATE

Confidential Confidential

Shoppers Stop Vision

We aim to be the most loved

premium shopping destination

for aspirational Young Indian

families

Confidential

2

SHOPPERS STOP

Pan-India Geographic presence

Shoppers Stop founded in 1991

4.5M

Total retail space

303

Stores (incl. beauty doors) across India

Played a pivotal role on the retail revolution in India

Grown from a single store in 1991 to the largest chain of department stores in India today

Listed in BSE and NSE

Confidential Confidential

70

Presence in cities

13.0M

First Citizen Loyalty Program

INR 54.3B

Gross Revenue for FY25 (*Non GAAP numbers)

Data as on 30th Sep 2025

3

Our Businesses

Shoppersstop.com SSBeauty.in

Cities

70

Department 111 stores

Beauty 84* stores

HomeStop 10 stores

INTUNE 78 stores

Airport 20 doors

Brands 800+

Confidential Confidential

*Excludes 62 Shop in Shop stores - SS Beauty - SSL partners with Estee Lauder group of brands to run their EBOs in India

4

SHOPPERS STOP Core and New Businesses

SSBeauty.in

Departmental Stores

Beauty

INTUNE

SSBeauty.in

Core

New

Confidential Confidential

5

Key Strategic Pillars for Shoppers Stop Departmental Stores

Strengthening Brand Love

Product

Loyalty

Premium Instore Experiences

Marketing IPs viz., India Weds with Shoppers Stop, Gifts of Love, Showstopper, etc. ​

Regional Engagements and BTL activations

Increasing mix of Premium Brands and Exclusive Lines​

Shoppers Stop Brands portfolio with curated collection

13 M+ loyalty customer base contributing to ~ 83% of the company’s Sales

Drives personalization and repeat business

Expanding Premium Concept stores

Personalized Shopping experience with Personal Shoppers and Shopping Lounge areas

Kids Play Areas, Coffee Shops, Arcades

Confidential Internal Confidential Confidential Confidential

6

Our Journey to premiumization

(Inorbit Mall, Malad, Mumbai)

Click here to watch the video

Confidential Internal Confidential Confidential

77

Premiumization-Progress as on date

Customer entry +6% LFL

~

19: lilOJil Sales +7% (Dept. Store LFL 9.4%)

ATV +8%

ASP +6%

IPT +2%

Beauty +22%

Watches+13%

Handbags +11%

Premiumization driving growth

First Citizen Club

13M+

Sales +16%

Personal Shoppers

Contribution

Contribution

Confidential

Contribution Repeat @69%

Highest quarterly enrolments

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Confidential Confidential

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PREMIUM BRANDS PORTFOLIO

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Largest EBO Network of Premium & Luxury Beauty Brands

Operated by SSBeauty/GSSB

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71% of EBOs of Global Prestige beauty brands are operated by SS/GSSBB in India

Others, 19%

Brand Stores, 10%

SSBeauty and GSSB, 71%

Confidential Confidential

10 10

We partner with global beauty brands as their franchisee/licensee in India, managing exclusive brand presence, operating EBOs and SISs, and

distributing products through retail and online channels.

Global SSBeauty

Brand Portfolio

Improving sales trend

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Confidential Confidential

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11

INTUNE

Strategic Initiatives- Value Fashion

– Massive untapped opportunity; Huge unorganized market,

shifting to organized sector

– Potential for brands offering quality and affordability

Current Status

– 78 stores across 34 cities

– Family first store with an additional flavor in Kids category

– Repeat purchases at 39%

Confidential Confidential Confidential

12

THANK YOU

Confidential Confidential Confidential

13

Disclaimer

By attending the meeting where this presentation (“Presentation”) is made, or by reading the Presentation materials, you agree to be bound by the following limitations:

This Presentation (a) is for information purposes only without regards to specific objectives, financial situations or needs of any particular person, (b) should not be considered as a recommendation to any person to purchase / subscribe to any units, debentures, bonds or any other securities / instruments issued or proposed to be issued by Shopper Stop Limited (Shopper Stop)

This Presentation and the information contained herein does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for, or advertisement with respect to, the purchase or sale of any units, debentures, bonds or any other securities / instruments of Shoppers Stop in any jurisdiction, and no part of it shall form the basis of or be relied upon by any person in connection with any contract or commitment whatsoever.

The material that follows is a presentation of general background information. We don’t assume responsibility to publicly amend, modify or revise any forward looking statements on the basis of any subsequent development, information or events, or otherwise. This Presentation comprises information given in summary form and does not purport to be complete and it cannot be guaranteed that such information is true and accurate. This Presentation includes statements that are, or may deemed to be, “forward-looking statements”. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance including those relating to general business plans and strategy, future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. Any projection of future income or performance should be viewed merely as a fair estimate of the management of Shoppers Stop, which may be dependent on several factors and in no manner should be construed as an indication of its reflection in the market price of units, debentures, bonds or any other securities / instruments issued or proposed to be issued by Shoppers Stop. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that any objectives specified herein will be achieved. Neither we, nor any of our affiliates or advisors, as such, make any representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein and accept no liability whatsoever for any loss, howsoever, arising from any use or reliance on this Presentation or its contents or otherwise arising in connection therewith. Unless otherwise stated in this Presentation, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results.

The units, debentures, bonds or any other securities / instruments of Shoppers Stop have not been and will not be registered under the U.S. Securities Act, 1933, as amended (“U.S. Securities Act”), or the securities laws of any applicable jurisdiction and these materials do not constitute or form a part of any offer to sell or solicitation of an offer to purchase or subscribe for units, debentures, bonds or any other securities / instruments in the United States of America or elsewhere in which such offer, solicitation or sale would be unlawful prior to registration under the U.S. Securities Act or the securities laws of any such jurisdiction. No units, debentures, bonds or any other securities / instruments of Shoppers Stop may be offered or sold in the United States of America without registration or an applicable exemption from registration requirements under the U.S. Securities Act. By accessing this Presentation, each investor is deemed to represent that it is and any customer it represents are either (a) qualified institutional buyers (within the meaning of Rule 144A under the U.S. Securities Act) or (b) outside the United States of America (within the meaning of Regulation S under the U.S. Securities Act), and is a sophisticated investor who possesses sufficient investment expertise to understand the risks involved in the offering.

This document is just a Presentation and is not intended to be a “prospectus” or “draft offer document” or “offer document” or “final offer document” or “offer letter” or “offering memorandum” (as defined or referred to, as the case may be, under the Companies Act, 2013 and the rules notified thereunder, and the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, as amended, or any other applicable law). This Presentation has not been and will not be reviewed or approved by a regulatory authority in India or elsewhere or by any stock exchange in India or elsewhere.

If we should at any time commence an offering of units, debentures, bonds or any other securities / instruments of Shoppers Stop, any decision to invest in any such offer to subscribe for or acquire units, debentures, bonds or any other securities / instruments of Shoppers Stop, must be based wholly on the information contained in an offer document or offering circular (including the risk factors mentioned therein) issued or to be issued in connection with any such offer and not on the contents hereof. Any prospective investor investing in such invitation, offer or sale of securities by Shoppers Stop should consult its own advisors before taking any decision in relation thereto.

This Presentation is not intended to be an offer or placement for the purposes of the Alternative Investment Fund Managers Directive (“AIFMD”), and any “marketing” as defined under AIFMD may only take place in accordance with the national private placement regimes of the applicable European Economic Area jurisdictions.

Confidential Confidential Confidential

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