NSE: SHOPERSTOP | BSE: 532638

Expensive Underperformer

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294.00 -4.75 (-1.59%)

50.06% Fall from 52W High

81,527 NSE+BSE Volume

NSE 27 Mar, 2026 3:31 PM (IST)

3,237.4

Market Cap

Below industry Median

Beta 1Year

High 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.

22 Jan 2026

294.00

-1.59%

Strategy still finding its fit

Hold: Shoppers Stop Ltd.

Target

ICICI Securities Limited

Shoppers Stop (SHOP)’s modest Q3FY26 revenue growth despite its ongoing strategic initiatives – to drive growth in both premium and value segments – casts a shadow over near-term growth momentum.

Shoppers Stop has lost -46.34% in the last 1 Year

Shoppers Stop Ltd.

21 Jan 2026

294.00

-1.59%

Weak 3Q; profitability to remain under pressure

Neutral: Shoppers Stop Ltd.

Target

Motilal Oswal

Shoppers Stop (SHOP) reported a weak 3Q, with performance impacted by weaker-than-anticipated discretionary demand amid an early festive shift, resulting in operating deleverage.

Shoppers Stop Ltd. has an average target of 347.50 from 2 brokers.

Shoppers Stop Ltd.

19 Oct 2025

294.00

-1.59%

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 Ltd. is trading below all available SMAs

Shoppers Stop Ltd.

18 Jul 2025

294.00

-1.59%

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

294.00

-1.59%

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 -46.34% in the last 1 Year

Shoppers Stop Ltd.

23 Oct 2024

294.00

-1.59%

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.

Promoters unpledged 0.03% of shares in last quarter. Total pledge stands at 9.78% of promoter holdings

Shoppers Stop Ltd.

19 Jul 2024

294.00

-1.59%

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. is trading below all available SMAs

Shoppers Stop Ltd.

06 May 2024

294.00

-1.59%

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.

Promoters unpledged 0.03% of shares in last quarter. Total pledge stands at 9.78% of promoter holdings

Shoppers Stop Ltd.

30 Apr 2024

294.00

-1.59%

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 -45.60% in the last 6 Months

Shoppers Stop Ltd.

19 Oct 2023

294.00

-1.59%

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 -45.60% in the last 6 Months

Is Shoppers Stop Ltd. worth buying?

65 Votes:

Buy 61.54%

Sell 27.69%

Hold 10.77%

RESEARCH REPORTS

Hold SEE REPORTS >

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Neutral SEE REPORTS >

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