NSE: SHOPERSTOP | BSE: 532638

Expensive Performer

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348.45 -8.75 (-2.45%)

High vol.+gain this week

NSE 11 May, 2026 3:31 PM (IST)

3,837.3

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.

07 May 2026

348.45

-2.45%

Top-line resilience overshadowed by persistent structural margin weakness

Hold: Shoppers Stop Ltd.

Target

ICICI Securities Limited

Shoppers Stop (SHOP) posted resilient 9.3% YoY revenue growth in Q4FY26, with full-year department store LFL at ~4.7%. Management is driving premiumisation, scaling Intune, and targeting a debt-free balance sheet by FY27.

Shoppers Stop has gained 17.36% in the last 1 Week

Shoppers Stop Ltd.

06 May 2026

348.45

-2.45%

Premium push driving growth; Earnings recovery gradual

Neutral: Shoppers Stop Ltd.

Target

Motilal Oswal

Shoppers Stop (SHOP) delivered its strongest departmental store performance in a decade with FY26 LFL growth of 4.7%, supported by premiumization, improved footfalls, and healthy traction across non-apparel categories.

Promoters unpledged 0.05% of shares in last quarter. Total pledge stands at 9.73% of promoter holdings

Shoppers Stop Ltd.

22 Jan 2026

348.45

-2.45%

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.

Promoters unpledged 0.05% of shares in last quarter. Total pledge stands at 9.73% of promoter holdings

Shoppers Stop Ltd.

21 Jan 2026

348.45

-2.45%

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 has gained 17.80% in the last 1 Month

Shoppers Stop Ltd.

19 Oct 2025

348.45

-2.45%

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).

Promoters unpledged 0.05% of shares in last quarter. Total pledge stands at 9.73% of promoter holdings

Shoppers Stop Ltd.

18 Jul 2025

348.45

-2.45%

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 has lost -28.59% in the last 1 Year

Shoppers Stop Ltd.

15 Jan 2025

348.45

-2.45%

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.

Promoters unpledged 0.05% of shares in last quarter. Total pledge stands at 9.73% of promoter holdings

Shoppers Stop Ltd.

23 Oct 2024

348.45

-2.45%

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 gained 17.80% in the last 1 Month

Shoppers Stop Ltd.

19 Jul 2024

348.45

-2.45%

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.

Number of FII/FPI investors decreased from 87 to 55 in Mar 2026 qtr

Shoppers Stop Ltd.

06 May 2024

348.45

-2.45%

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 above its 100 day SMA of 345.8

Is Shoppers Stop Ltd. worth buying?

66 Votes:

Buy 62.12%

Sell 27.27%

Hold 10.61%

RESEARCH REPORTS

Hold SEE REPORTS >

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Neutral SEE REPORTS >

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