SHOPERSTOP

S S HOPPERS TOP SEC/32/2026-27 July 22, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai 400 001. Mumbai 400 051. Stock Code : 532638 Stock Symbol : SHOPERSTOP Dear Sir / Madam, Sub.: Press Release and Investor Presentation for the quarter ended June 30, 2026 Please find enclosed Press Release and Investor Presentation for the quarter ended June 30, 2026 for the captioned subject. Further, we refer to our disclosure dated July 15, 2026 for Intimation of Schedule of analyst call / investor conference call to be hosted on Thursday, July 23, 2026 at 11.00 a.m. IST to discuss the corporate performance for the quarter ended June 30, 2026. The presentation to be used during the call is same as attached. This information is also being made available on the corporate website of the Company and can be accessed using below link https://corporate.shoppersstop.com/investors/disclosures-under-listing-regulations/. Note: The above schedule is subject to change depending upon exigencies, inter-alia, of officials or of the Company. Kindly take the above on record. Thank you. Yours truly, For Shoppers Stop Limited Rakeshkumar Saini Vice President- Legal CS & Chief Compliance Officer ACS No. 20257 Encl: A/a Confidential Shoppers Stop Limited 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). Press Release for immediate distribution Turnaround in profitability powered by double digit growth Consolidated Revenue Rs 1,536 Cr +10% YoY and EBITDA Rs 43 Cr +40% YoY PAT Rs 5 Cr Vs a loss of Rs 4 Cr in LY (Non GAAP) Mumbai, July 22, 2026: Shoppers Stop Ltd., India’s pioneer destination for premium fashion, beauty, and non- apparels announced its results for the First Quarter ended on 30th June’26, delivering strong growth on revenue and profitability, a testament to its premiumization strategy. Key Highlights • Department Stores Rs 1,242 Cr; clocking healthy LFL growth of 6% • Beauty segment outperformed with Sales Rs 327 Cr +15%; Led by fragrance +34% • Strong momentum continues in Beauty distribution (GSSBB) Rs 129 Cr +53%; Highest ever quarter • INTUNE Rs 82 Cr +21%; LFL +10%, trend reversal after 4 qtrs. • Premium portfolio contribution at 72%; Sales +15% (LFL +13%) • Inventory reduction of Rs 80 Cr YoY • Opened 8 new stores - Department 2, Beauty 4, and INTUNE 2 • Debt reduction of Rs 93 Cr besides Rs 50 Cr Capital infusion in GSSBB YoY • First Citizen member base expanded to 13.8 Mn, leading to highest ever sales mix of 85% Results in detail Consolidated: - Non GAAP GAAP Rs In Cr Q1FY27 Q1FY26 Growth% Q1FY27 Q1FY26 Growth% Sales 1,536 1,401 10% 1,291 1,161 11% EBITDA 43 31 40% 193 182 6% PAT 5 -4 228% -14 -16 12% Standalone: - Non GAAP GAAP Rs In Cr Q1FY27 Q1FY26 Growth% Q1FY27 Q1FY26 Growth% Sales 1,427 1,336 7% 1,185 1,094 8% EBITDA 37 26 45% 185 176 5% PAT 3 -7 138% -17 -18 7% Internal Management Comments: Commenting on the Q1FY27 results, Mr. Kavindra Mishra, MD and CEO, Shoppers Stop Ltd, said, “We are pleased to report a strong start to FY27 with our Non GAAP Consolidated revenue up 10% YoY to Rs 1,536 Cr; EBITDA up 40% YoY and PAT turning positive at Rs 5 Cr as compared to a loss of Rs 4 Cr in Q1FY26 . Department store revenue grew by 6% LFL. Customer entry grew by 3% LFL, growing for 5 consecutive quarters, reflecting stronger engagement, high service standards and elevated experience. ATV +10% is a clear testament to our premiumisation strategy. “India Weds with Shoppers Stop”, “The Travel Edit”, “Get Spotlight Ready” with HYBE India and “Beauty and Accessories fest” helped drive stronger customer connect and business growth. We remain focused on strengthening Shoppers Stop’s aspirational positioning and expanding in key markets. Demand has sustained through Q1, and better supply chain visibility gives us confidence ahead of the festive season. We remain committed to inventory discipline, operational rigor, prudent capital deployment and becoming debt-free by FY27.” Update on our Strategic Priorities: • First Citizen: First Citizen recorded highest contribution of 85%. The member base expanded to 13.8 million, supported by strong enrolments across tiers, with over 39K Premium Black Card (+26% YoY) and 202K Silver Card additions during the quarter. The Black Card segment contributed 23% of total sales, reflecting deeper engagement with premium customers • Beauty: The Beauty segment reported sales of Rs 327 Cr, delivering 15% YoY growth, led by a strong performance in the fragrance category, which grew 34% YoY. Customer engagement remained robust, supported by 192K+ makeovers and 400+ masterclasses • Private Brands: Delivered steady performance with 20% ASP growth driven by portfolio premiumization. Inventory reduced by 12% YoY. “FRATINI Girl”- a premium apparels line for young girls outperforming kids category. Premium range launched in “Bandeya” across 25 stores • Store Expansion: We launched 8 Stores - 2 Department, 4 Beauty and 2 INTUNE with Capital investment of Rs 44 Cr during the quarter • INTUNE: Our Value fashion format, sustaining momentum from last quarter, reported sales of Rs 82 Cr, +21% YoY with a strong LFL of 10%. New price point of Rs 1,299/- introduced last quarter is showing encouraging response. Inventory freshness improved through in-store clearances and overall Inventory reduced by Rs 34 Cr YoY Internal Note: We have published a detailed Non-GAAP and GAAP Income Statement. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. About Shoppers Stop Limited: Shoppers Stop Ltd. is the nation's pioneer retailer of fashion, beauty and non- apparel brands established in 1991. Spread across 115 department stores, the Company also operates 12 premium home concept stores, 72 Specialty Beauty stores of M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, NARS, ARMANI beauty, PRADA BEAUTY, Shiseido and SS Beauty, 85 Intune stores and 4 Airport stores, occupying area of 4.5 M sq. ft. Shoppers Stop is home to one of the country's longest running and most coveted loyalty program 'First Citizen'. The Company's one-of-a-kind shopping assistance service, 'Personal Shopper' is revolutionizing the way Indian’s shop, bringing more value, comfort, and convenience to customer experiences. The brand's diversified Omni channel offering spans over 800+ recognized and trusted brands across an incomparable range of products that together serve our overarching objective of delivering customer delight. For more information, contact: Shoppers Stop Ltd Rohit Trivedi (P) + 91- 9322672437 (E) rohit.trivedi@shoppersstop.com ---END--- Internal Our Vision We aim to be the most loved premium shopping destination for aspirational Young Indian families Pavillion Mall, Pune 2 Contents 01 02 03 04 Market Outlook Performance Beauty Financials Update Distribution 3 Market Outlook WAY FORWARD CUSTOMER INDUSTRY – Global market stability vital – Premiumisation and – Improving demand trends for demand consistency personalization are now and easing supply chain essential growth drivers conditions supporting – 46 mn sq. ft. of future retail growth real estate supply by 2030 – Consumption growth strengthens India's retail – Rural demand faces extends beyond metros, outlook (2) with smaller cities spending monsoon headwinds, while more per household (1) urban demand remains resilient – Private labels move upscale, balancing affordability with premium quality (1) PRICE-Tata Sons report featured in TOI-14th Jul 26 (2) JLL report 4 Contents 01 02 03 04 Market Outlook Performance Beauty Financials Update Distribution 5 Q1 at a Glance SALES ̶ Consolidated Rs 1,536 Crs; +10% YoY ̶ Department format Rs 1,242 Crs, +7% YoY; +6% LFL ̶ INTUNE Rs 82 Crs, +21% YoY; LFL +10%, trend reversal after 4 qtrs ̶ GSSBB Rs 129 Crs; robust growth of 53% YoY EXPANSION ̶ Opened 2 Department, 4 Beauty, 2 MAC SIS and 2 INTUNE stores ̶ Capex investment Rs 44 Crs ̶ New Investment of Rs 20 Crs in GSSBB PROFITABILITY AND WORKING CAPITAL ̶ Consolidated EBITDA Rs 43 Crs +40% ̶ Consolidated PAT at Rs 5 Crs vs loss of Rs 4 Crs in LY ̶ Inventory reduced by Rs 80 Crs YoY; Rs 36 Crs Vs Mar’26 6 Q1 Strategic initiatives Sustaining and growing “Brand Love” ̵ “India Weds with Shoppers Stop” Phase 5 (Apr’26-Jun’26) reinforcing our wedding destination positioning ̵ “The Travel Edit” (Apr’26-May’26) to capitalize on travel-led shopping occasions and drive growth ̵ “Get Spotlight Ready” launched in collaboration with HYBE India, an audition inspired in-store experience targeting Gen Z and Gen Alpha ̵ “Beauty and Accessory Fest”, a dedicated campaign focused on driving engagement in the non-app category ̵ Campaigns fueled customer entry growth; 3% LFL, consecutive 4th quarter of LFL growth ̵ Curated Premium Assortment with New offerings as given below: APPARELS FOOTWEAR BEAUTY Makeup and Skin care 7 Q1 Strategic Initiatives….Contd. First Citizen • Accelerating enrolments with focused engagement and personalized outreach – Recorded Highest quarterly Black card enrolments of 39K (+26% YoY) – Silver card enrolments 202k – First Citizen Select, a monthly 2-day event driving enrolment and sales growth – Highest contribution of First Citizen at 85% in a quarter • Launched a new MAC exclusive Loyalty program under First Citizen Private Brand • Portfolio premiumization driving ASP growth, ASP +20% – FRATINI Girl launched in Q3 FY26, is outperforming the Kids category – Premium Bandeya Collection launched in 25 Stores • Inventory reduced by 11% YoY, with improved freshness • ESG initiative - Adoption of 100% biodegradable polybags and 91% FSC-certified brand tags 8 Q1 Highlights – Core Business Customer Entry ATV ASP Operational KPIs +3% +10% +13% LFL Premium Portfolio Personal Shoppers 72% 26% Premiumization +15% +12% Contribution Contribution (+490bps) (+100bps) Sales Sales Power Categories +24% +17% +18% +12% +9% Watches Fragrance Handbags Sunglasses Footwear Member base Enrolments 13.8M+ 85% Repeat Renewals +42% First Citizen Club Black Silver @69% Contribution 39K 202K New +12% enrolments (+26%) 9 Core Business – Financial Update Particulars Q1 Rs. Crs FY27 FY26 Gr% Sales 1,344 1,266 6% Opex 426 408 4% EBITDA 48 40 18% – Sales momentum continued from last qtr, Department format +7% YoY (LFL+6%) – Costs under control; Investment in Tech and Loyalty 10 Beauty Inspiring through Expression, Engagement and Education Sales Rs 327 Crs +15% YoY Beauty Business Network Led by Fragrance +34% YoY Retail Count Recovery in ELCA portfolio; LFL +4.3% YoY Department stores 115 EBOs (incl. SSBeauty) 72 Shop-in-shop 63 New Stores Launched - 1 SSBeauty, 1 MAC standalone and 2 MAC SIS stores GSSBB Distribution network 29 Retailers with 572 POS New Brands Launched - Makeup and Skin care Sales and Contribution % Private Brands – Sales +9% LFL 21% 20% – 12 SKUs launched in Q1, Total 710 SKUs across categories 17% 19% 327 Social presence and Customer engagement 284 241 219 Q1FY24 Q1FY25 Q1FY26 Q1FY27 1.6M+ 500k+ Makeover 192K+ followers subscribers Masterclasses 400+ *Sales numbers are inclusive of GSSBB numbers 11 New Ventures - Performance Update Particulars Q1 Rs. Crs FY27 FY26 Gr% Sales 82 71 17% Opex 35 34 1% EBITDA -10 -15 29% INTUNE – Improved sales, LFL growth of 10%; Overall growth at 21% – KPI improvement sustained; Repeat Mix at 45% ; IPT @ 3.8 – New season AW26 launch, initial response encouraging – Range expanded in Rs 1299 price point, strong early traction – Inventory freshness through In-season clearance; Reduction of Rs 34 Crs YoY SSBeauty.in merged into SS.com to optimize costs and improve customer experience 12 New Store Launches & Marketing Highlights 13 Store network update Store Count Format Additions as on Jun’26 Department 2 115 Beauty SSBeauty/Boutique 3 20 SSFragrance 2 73 Beauty EBOs 1 50 Cities INTUNE 2 85 HomeStop 12 4.5 M sq ft area Airport 4 Total 8 288 Capex Investment Rs 44 Crs 14 Inorbit Mall, Vishakhapatnam Area: 31,533 sqft 15 Pavillion Mall, Pune Area: 25,784 sqft 16 SSBeauty- DLF Mall of India, Noida Area: 1,500 sqft 17 58k+ registrations, 11k+ new customer; Recorded Rs 175 Crs of Sales Marketing Highlights India Weds “Get Spotlight Ready” in The Travel Edit Beauty & Accessory Fest with Shoppers Stop partnership with HYBE India Glimpses of Get Spotlight Ready • 58k+ registrations • 1st Apr to 31st May • 20th May to 19th Jun • 4.4k+ new members enrolled • 11k+ new members enrolled • Travel category +21% YoY • Beauty grew by 14% • 6000+ BTS Arirang albums sold • Recorded Rs 175 Crs in Sales • 7X ROI • Youtube subscribers +195k Click on the image for the campaign clip 18 Contents 01 02 03 04 Market Outlook Performance Beauty Financials Update Distribution 19 Beauty Distribution - Performance Update Continued investment in Marketing +53% SALES Rs 129 Cr 129 + 53% YoY 84 (Highest Quarterly Sales) FY26 FY27 NEW BRANDS ONBOARDED NETWORK UPDATE DISTRIBUTION Fragrance 572 POS +7 in Q1 across 29 Retailers Skincare BOUTIQUES 9 Boutiques NEW BOUTIQUES LAUNCHED in Prestige Malls POLO 67 EDP Launch Event with NARS — Ambience Mall, Gurgaon 4 Armani · 3 NARS · 1 Prada Cricketer Jaspreet Bumrah 1 Shiseido Shiseido — Inorbit Mall, Mumbai 20 NARS- Ambience Mall, Gurgaon Store Launch clip Click on the image for the Store Launch clip 21 Contents 01 02 03 04 Market Outlook Performance Beauty Financials Update Distribution 23 Q1 Performance at a Glance Core New Particulars Total GSSBB Consolidated Business Ventures* Rs Crs FY27 FY26 FY27 FY26 FY27 FY26 FY27 FY26 FY27 FY26 Sales 1,344 1,266 82 71 1,427 1,336 129 84 1,536 1,401 Opex 426 408 35 34 461 442 30 19 491 461 EBITDA 48 40 -10 -15 37 26 6 5 43 31 *New Ventures Includes INTUNE and SSBeauty.in – Consolidated Sales +10% YoY – Consolidated EBITDA at Rs 43 Crs, +40% YoY 24 Particulars​ Non GAAP GAAP ​ Rs in Crs​ FY26 FY25 Gr%​ FY26 FY25 Gr%​ Financials Gross Revenue 1536 1401 10% 1444 1310 10% Net Revenue 1373 1238 11% 1291 1161 11% Q1 FY26 Other Income​ 28 23 20% 5 10 -46% Total Revenue​ 1401 1261 11% 1297 1171 11% (CONSOLIDATED) Margin​ 506 468 8% 509 471 8% Margin%​ 36.8% 37.8% -100 Bps 39.4% 40.6% -120 Bps Operating Exp.​ 491 461 7% 321 299 7% EBITDA​ 43 31 40% 193 182 6% GAAP Depreciation​ 36 33 10% 138 129 7% Adjustment in Net Profit Adj. Finance Cost​ 5 5 -4% 74 73 1% PBT (as per Non GAAP) 1 PBT​ 1 -8 119% -19 -21 9% Lease Rent (Non-GAAP) -146 ESOPs 1 2 -40% 0 0 -155% Finance costs 69 PBT(Adj.)​ 1 -9 105% -19 -21 12% Depreciation on ROU Assets 97 Tax -5 -5 10% -5 -5 10% Remeasurement of leases life -2 PAT 5 -4 228% -14 -16 12% PBT (as per GAAP) -19 Non GAAP - Sales +10% YoY; EBITDA +40% YoY; Turned PAT Positive 25 Particulars​ Non GAAP GAAP ​ Rs in Crs​ FY26 FY25 Gr%​ FY26 FY25 Gr%​ Financials Gross Revenue 1427 1336 7% 1317 1229 7% Net Revenue 1281 1183 8% 1185 1094 8% Q1 FY26 Other Income​ 28 23 20% 5 10 -49% (STANDALONE) Total Revenue​ 1308 1206 9% 1191 1104 8% Margin​ 470 445 6% 475 448 6% Margin%​ 36.7% 37.6% -90 Bps 40.1% 40.9% -80 Bps Operating Exp.​ 460 442 4% 295 282 5% EBITDA​ 37 26 45% 185 176 5% GAAP Depreciation​ 35 32 9% 136 128 6% Adjustment in Net Profit Adj. Finance Cost​ 4 4 -10% 72 72 0% PBT (as per Non GAAP) -3 PBT​ -2 -11 82% -22 -24 7% Lease Rent (Non-GAAP) -144 ESOPs 1 2 -40% 0 0 -45% Finance costs 68 PBT(Adj.)​ -3 -13 77% -22 -24 7% Depreciation on ROU Assets 97 Tax -5 -6 9% -5 -6 9% Remeasurement of leases life -2 PAT 3 -7 139% -17 -18 7% PBT (as per GAAP) -22 Previous years numbers are regrouped/rearranged wherever necessary Non GAAP - Sales +7% YoY; EBITDA +45% YoY; Turned PAT Positive 26 Balance Sheet (Non-GAAP) (STANDALONE) Particulars ​(Rs in Crs) Jun’26 Jun’25 Mar’26 Net worth 809 810 805 (1) Loan Fund 166 260 154 Total Liabilities 975 1070 959 Fixed Assets + Lease Deposit 881 890 871 Investments* 130 80 110 (2) Inventory ** 1878 1875 1911 Other Assets 613 603 595 Total Current Assets 2364 2368 2385 Trade Creditors Goods** 2029 1939 1993 Others 498 439 536 Total Current Liability 2528 2378 2529 * Investments Jun’26 Jun’25 Mar’26 Net Current Assets -163 -10 -144 In Subsidiary 130 80 110 Total Assets 975 1070 959 ** Particulars Jun’26 Jun’25 Mar’26 Previous years numbers are regrouped/rearranged wherever necessary ROR Inventory 1,399 1,317 1,397 (1) Debt reduced by Rs 93 Crs vs Jun’25 ROR Creditors 1,910 1,761 1,850 (2) Outright Inventory reduced by Rs 80 Crs YoY; Rs 36 Crs Vs Mar’26 27 Cash Flow (STANDALONE) Particulars​ (Rs in Crs) Jun’26 Jun’25 Mar’26 Cash Profit from Operations 37 26 146 (EBITDA) Changes in Working Capital 10 33 155 Cash generated from Operations 48 58 301 Fixed Assets -44 -38 -123 Investment in Subsidiary -20 -20 -67 Interest Expense -4 -4 -16 Cash post Investing Activities -20 -4 111 Funded by/(Utilised for) Loan/(Repayment of Loan) 13 -3 -109 Cash 7 7 -2 Juhu, Mumbai Total 20 4 -111 Previous years numbers are regrouped/rearranged wherever necessary 28 As on 30th Jun’26 288 S t o r e s 4.5 M 73 S Q U A R E F E E T C I T I E S A R E A 13.8 M 800+ F I R S T C I T I Z E N S B R A N D S 16% Mix (1) 21% Mix P R I V A T E B R A N D B E A U T Y A P P A R E L S 13.5 M C U S T O M E R E N T R Y i n Q 1 Acropolis, Siliguri 2 1 . 5 K ( 2) T A L E N T P O O L (1) Excluding INTUNE (2) Includes Brand staff 30 Premiumization continues to fuel growth 72% contribution, +15% sales (+13% LFL) in Q1 31 New Brand additions highlighted in Orange New Brand additions highlighted in Orange 32 Operational KPIs in Q1 ATV (Rs/-) ASP (Rs/-) +10% +13% 5704 1972 5169 4642 4890 1641 1697 1740 FY24 FY25 FY26 FY27 FY24 FY25 FY26 FY27 Items per Txn. (Nos.) 2.8 2.9 3.0 2.9 0.0 FY24 FY25 FY26 FY27 (Excluding Online and INTUNE) 33 Disclaimer Certain statements in this release concerning our future growth prospects are forward-looking statements within the meaning of applicable securities laws and regulations, and which involve number of risks and uncertainties, beyond the Control of the company, that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to attract and retain highly skilled professionals, political instability, cost advantage, wage increases, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and General economic conditions affecting our industry. Shopper’s Stop Ltd. may, from time to time, make additional written and oral forward looking statements, including our reports to shareholders The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. The Company also expects the media to have access to all or parts of this release and the management’s commentaries and opinions thereon, based on which the media may wish to comment and/or report on the same. Such comments and/or reporting maybe made only after taking due clearance and approval from the Company’s authorized personnel. The Company does not take any responsibility for any interpretations/ views/commentaries/reports which may be published or expressed by any media agency, without the prior authorization of the Company’s authorized personnel. 34