Revenue from operations rose 13.7% to Rs 1,209.79 crore in the quarter, up from Rs 1,064 crore a year earlier. Total expenses increased 14% to Rs 1,241.99 crore in Q4 FY26. EBITDA rose 8.5% to Rs 184.3 crore from Rs 170 crore in the corresponding quarter last year. The EBITDA margin stood at 15.2% in the March quarter, compared with 16% in the year-ago period.
In its earnings statement, the company said it added 9 stores, 4 departments, 4 INTUNE outlets and 1 HomeStop during the quarter. Capital expenditure stood at Rs 25 crore. Premium brands contributed 71% to overall sales. The beauty segment posted sales of Rs 309 crore, marking 17% year-on-year growth, led by fragrances. INTUNE, its value-focused format, reported a 24% rise in sales to Rs 67 crore.
Cash generated from operations stood at Rs 301 crore, the highest in eight years, while working capital optimisation improved by Rs 155 crore year-on-year. Debt declined by Rs 109 crore, alongside a Rs 50 crore capital infusion into GSSBB. The company said it remains on track to be debt-free by FY27.
GSSBB, the global SS beauty business, reported gross revenue of Rs 426 crore, up 81% year-on-year, with a three-year CAGR of 90%. Capital expenditure for the year stood at Rs 114 crore. The company added 27 stores during FY26, including 8 department stores, 14 INTUNE outlets, 3 beauty stores and 2 HomeStop stores. It also renovated 3 stores, including its Juhu outlet, with a refreshed design and more premium offerings.
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The First Citizen loyalty programme recorded its highest enrolments to date. Black Card membership rose 50% year-on-year to 134,000, while Silver membership increased 16% to 800,000. Personal shoppers generated over Rs 1,200 crore in revenue, contributing 26% to total sales, up 400 basis points.
For FY26, Shoppers Stop reported a loss of Rs 36.09 crore, while total consolidated income increased 8.83% to Rs 5,095.46 crore.Managing Director and CEO Kavindra Mishra said the company delivered a steady performance in Q4 and FY26 despite a challenging backdrop, supported by disciplined execution and a continued focus on premiumisation. He added that the company has reduced debt by Rs 109 crore during the year and remains on track to become debt-free by FY27.
On the outlook, Mishra said consumption trends remain resilient despite global uncertainties and supply chain disruptions. He noted that the Indian fashion market is gaining momentum, led by fast fashion and premium and bridge-to-luxury segments. He also cautioned that supply chain disruptions could create some inflationary pressure, though demand is expected to remain healthy.
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