NSE: SHOPERSTOP | BSE: 532638

Slowing Down Stock

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377.40 3.75 (1.00%)

New 52W Low today

29,467 NSE+BSE Volume

NSE 09 Jan, 2026 3:31 PM (IST)

4,155.6

Market Cap

Below industry Median

Beta 1Year

Average volatility

Shoppers Stop Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SHOPERSTOP, BSE:532638 Shoppers Stop Ltd.

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Shoppers Stop Ltd.

19 Oct 2025

377.40

1.00%

Footfall recovery drives growth; profitability remains under pressure due to investments in new ventures

Neutral: Shoppers Stop Ltd.

Target

Motilal Oswal

Shoppers Stop’s (SHOP) revenue growth accelerated to 10% YoY in 2QFY26 (vs. +6% YoY in 1Q), led by a 10-year high LFL of ~9.4% in departmental stores and ~70% YoY growth in INTUNE (driven primarily by store additions).

Shoppers Stop has lost -25.99% in the last 6 Months

Shoppers Stop Ltd.

18 Jul 2025

377.40

1.00%

Profitability improves; INTUNE scale-up key to re-rating

Neutral: Shoppers Stop Ltd.

Target

Motilal Oswal

Shoppers Stop (SHOP) revenue grew 6% YoY in 1QFY25 (vs. +8%/+2% YoY in 3Q/4Q), led by 5% LFL growth in Departmental format and ~2x growth in INTUNE.

Shoppers Stop Ltd. is trading below all available SMAs

Shoppers Stop Ltd.

15 Jan 2025

377.40

1.00%

Growth improves slightly; INTUNE ramp-up key trigger

Neutral: Shoppers Stop Ltd.

Target

Motilal Oswal

Shoppers Stop (SHOP) reported in-line results, with a slight pick-up in revenue growth (+9% YoY) on 4% LFL growth (-4% YoY in 2Q). EBITDA rose 11% YoY, driven by higher gross margins on lower write-offs and improved intake margins in private brands.

Shoppers Stop has lost -25.99% in the last 6 Months

Shoppers Stop Ltd.

23 Oct 2024

377.40

1.00%

Soft revenue growth takes a toll on profitability

Neutral: Shoppers Stop Ltd.

Target

Motilal Oswal

Shoppers Stop (SHOP) reported an 8% YoY decline in EBITDA (12% miss) due to weak SSSG and GM contraction. Revenue was up 4% YoY as store additions and the robust 11% YoY growth.

Shoppers Stop has lost -28.21% in the last 3 Months

Shoppers Stop Ltd.

19 Jul 2024

377.40

1.00%

Core business struggles while emerging ones shine

Hold: Shoppers Stop Ltd.

Recommendation Target

ICICI Securities Limited

Shoppers Stop’s (SHOP) result was unimpressive. We understand that there is a general slowdown in the sector; however, SHOP’s accelerated underperformance in private labels.

Shoppers Stop Ltd. has an average target of 520.00 from 1 broker.

Shoppers Stop Ltd.

06 May 2024

377.40

1.00%

Other income saves the day

Sell: Shoppers Stop Ltd.

Recommendation Target

East India Securities Ltd

SS is currently trading at P/E of 35.8x on FY26 basis. We value the stock based on P/E methodology and assign multiple of 30x on FY26E PAT of Rs 2,248mn to arrive at a target
price of Rs613 per share, which is a potential downside of 16.3% from current market price and recommend “Sell” on the stock.

Shoppers Stop Ltd. is trading below all available SMAs

Shoppers Stop Ltd.

30 Apr 2024

377.40

1.00%

Soft earnings continues; focusing on Beauty and Intune

Neutral: Shoppers Stop Ltd.

Target

Motilal Oswal

Shoppers Stop (SHOP) reported 4% YoY growth in EBITDA (6% miss) in
4QFY24, as 9% YoY revenue growth was offset by inventory write-off and
GM contraction of 270bp YoY

Shoppers Stop has lost -38.82% in the last 1 Year

Shoppers Stop Ltd.

19 Oct 2023

377.40

1.00%

Impacted by slowdown; aggressive plans to ramp-up Intune – a key positive

Buy: Shoppers Stop Ltd.

Target

ICICI Securities Limited

Shoppers Stop’s (SHOP) 2QFY24 result was unimpressive. It was impacted by subdued demand, shift in festival to 3Q and higher EOSS. Revenues from private brands continue to underperform (-4% YoY; 14% revenue share) the branded business (+2% YoY). Positively, beauty segment is doing well (15% YoY).

Shoppers Stop has lost -28.21% in the last 3 Months

Shoppers Stop Ltd.

28 Aug 2023

377.40

1.00%

Shoppers Stop witnesses a change in leadership

Neutral: Shoppers Stop Ltd.

Target

Motilal Oswal

Shoppers Stop has lost -25.99% in the last 6 Months

Shoppers Stop Ltd.

25 Jul 2023

377.40

1.00%

Impacted by slowdown; foray into value-retail key positive

Buy: Shoppers Stop Ltd.

Target

ICICI Securities Limited

Shoppers Stop’s (SHOP) 1QFY24 was unimpressive. It is holding fort well when faced with industry growth headwinds. That said, we expected SHOP’s private label (one of the key strategic pillar) to outperform the branded business (given ~30% lower ASP).

Shoppers Stop has lost -28.21% in the last 3 Months

Is Shoppers Stop Ltd. worth buying?

65 Votes:

Buy 61.54%

Sell 27.69%

Hold 10.77%

RESEARCH REPORTS

Neutral SEE REPORTS >

pdf

Neutral SEE REPORTS >

pdf