Department Stores company Shoppers Stop announced Q2FY27 results Q2FY27 Consolidated Financial Performance: Total Income: Increased to Rs 1,389.15 crore, up from Rs 1,266.12 crore in the same period last year. Net Profit/Loss: The group posted a net profit of Rs 3.11 crore, a substantial improvement over the Rs 20.11 crore loss recorded in the prior year's second quarter. Earnings Per Share (EPS): Improved to Rs 0.28 (from a loss of Rs 1.83). H1FY27 Consolidated Financial Performance: Total Income: Reached Rs 2,685.98 crore, compared to Rs 2,437.28 crore in H1 the previous year. Net Loss: The half-year net loss narrowed significantly to Rs 11.14 crore, compared to a loss of Rs 35.84 crore in the previous H1. Other Notable Information: ESOPs: During the quarter, the company granted 49,950 Employee Stock Options and 24,975 Restricted Stock Units under its 2022 scheme. Additionally, 80,916 employee stock options were exercised during the period. Segment Reporting: The company operates primarily in a single reporting segment: retail trade through retail and departmental store facilities in India. Kavindra Mishra, MD & CEO, Shoppers Stop, said: "We are pleased to report a strong performance in Q2, despite the festive season shifting largely to Q3 this year. Our Consolidated Non-GAAP revenue grew 7% YoY to Rs 1,618 crore, while EBITDA increased 56% YoY to Rs 43 crore. More importantly, we delivered a meaningful turnaround in profitability, with Consolidated PAT turning positive at Rs 6 crore compared to a loss of Rs 7 crore in the last year and Standalone PAT also turning positive from a loss of Rs 10 crore in last year, reflecting the strength of our operating leverage and the successful execution of our Shoppers Stop 2.0 strategy. The Department Store business delivered revenue of Rs 1,302 crore with festive-adjusted LFL growth of 7%, demonstrating healthy underlying demand. Our New Ventures profitability also improved, with losses reducing by Rs 8 crore, driven by higher INTUNE productivity and integration of SSBeauty.in with SS.com and we are confident of reducing the losses further. The demand momentum witnessed in Q1 sustained through Q2, supported by encouraging consumer sentiment and healthy traction during Rakshabandhan and Onam. The build-up to Pujo and Dussehra has also been encouraging across key markets. Our continued focus on premiumization, experiential retail, inventory discipline and operational excellence is resonating well with customers and strengthening the quality of growth. We remain committed to prudent capital allocation, further improving profitability, and achieving our goal of becoming debt-free by the end of Q3." Result PDF