Shoppers Stop share price today

Shoppers Stop Ltd's share price was ₹358.30 at the close on 4 November 2026. It has been falling for 1 week. That is 7.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹289 and ₹473, and at that close it sat 38% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Shoppers Stop Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 11 years the share price moved +7% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 9 quarters in a row, revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) and indian funds and insurers (DIIs) raised their stake for 3 quarters in a row.

1. Foreign funds (FIIs) cut their stake for 9 quarters in a row

   From 7.4% to 1.9% of the company by the September 2026 quarter.

2. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹1,366 crore, +8.7% on a year earlier.

   Why: Revenue rose partly because beauty sales grew fast, led by fragrances.

   Next results: check whether sales at stores open a year or more grow by the mid single digit rate or slightly higher that management expects.

   From the earnings call on 16 Oct 2026.

3. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 25.4% to 25.8% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Shoppers Stop reported revenue of ₹1,366 crore, up 8.7% from ₹1,257 crore a year earlier, and a profit of ₹3.11 crore, against a loss of ₹20.1 crore a year earlier.

Shoppers Stop results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Shoppers Stop's management discussed these results on a call held on 16 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Shoppers Stop closed at ₹358.30 on 4 November 2026, down 24.2% from ₹472.65 a year earlier (7 November 2025) and down 0.8% over five years. Its highest weekly close since March 2016 was ₹914.05 on 13 September 2024.

Shoppers Stop share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Shoppers Stop closed at ₹358.30, down 1.5% on the week and down 11.5% on the month. 16 Oct 2026: Shoppers Stop held its results call for July to September 2026. Management guided: 12 department store openings in FY27, up from 9-10 outlook, premium elevated formats.

Earlier

• Results for July to September 2026: Revenue up 8.7% on a year earlier.

Shoppers Stop has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Shoppers Stop Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 4 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 16 October 2026, Shoppers Stop's management guided: 12 department store openings in FY27, up from 9-10 outlook, premium elevated formats.

“With our consistent focus, the premium portfolio contribution in stores improved by 390 basis points and now stands at an all-time high of 73%.”Kavindra Mishra, on the call for July to September 2026

What management guided

• 10-12 department openings per year for next 2-3 years sustained.
• Personal Shopper contribution to reach 30% of revenue by year-end on expanded resourcing.
• FY27 LFL growth mid-single-digit or slightly higher with healthy profitability expansion building on H1.
• INTUNE new-venture losses to reduce further in Q3 and Q4 on productivity momentum.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 16 October 2026.

When Shoppers Stop reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Early Pujo/Dussehra momentum converting through Diwali peak into reported LFL - per festive strength commentary.

Shoppers Stop is on one of our India lists: Breakout stocks.

Shoppers Stop Ltd earned ₹3.1 Cr of net profit in the Sep 2026 quarter. The full FY26 year was a loss of ₹36.0 Cr. That is 0.2% of the quarter's revenue. The same quarter a year earlier lost ₹20.1 Cr. 6 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was −₹36.0 Cr (−427.3% on the year before).

Shoppers Stop Ltd reported ₹1,366 Cr of revenue in the Sep 2026 quarter, +8.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 0.9% a year on average. The last full year, FY26, came in at ₹5,043 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹5,283 Cr.

FY26 revenue was ₹5,043 Cr, +9.0% on the year before.

Recent pace: the last four quarters grew +9.1% on average, against 0.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +8.7%, against +8.7% a year over the last 8 quarters (stabilising).

Shoppers Stop Ltd's operating margin was 14.4% in the Sep 2026 quarter, 0.8 percentage points higher than the same quarter a year ago. Across 13 years it has been between 2.5% and 17.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.8 percentage points on the year while gross margin changed +0.1 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 810% of Shoppers Stop Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹838 Cr of operating cash against −₹36.0 Cr of profit. After ₹594 Cr of spending on assets, ₹244 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 810% of profit came in as cash: the cash cycle got 57 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.6× depreciation over three years. The next section checks what that spending is building.

Shoppers Stop Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −37 days in FY26, up from −94 days in FY21. It spent ₹2,378 Cr on assets over the last 3 years. Customers take 6 days to pay, and stock sits for 253 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹5,043 Cr, each day of that cycle ties up about ₹13.8 Cr, so roughly −₹511 Cr is tied up in the business at any time.

FY26: customers took 6 days to pay and stock sat for 253 days, about 8.3 months of sales sitting as stock, for a full cycle of −37 days, longer than FY21's −94.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 253 days. Customers pay about 6 days after that. Suppliers are paid at 295 days. Together that makes the −37-day cycle.

Spending on assets: ₹2,378 Cr over the last 3 years, against ₹1,472 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Shoppers Stop Ltd's P/E is 894.8×, about the highest it has ever been. Its usual P/E (the middle reading) is 93.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.