Shoppers Stop Shares Jump 15 Percent Ahead of Quarterly Results

Shoppers Stop shares jumped 15 percent on Thursday, 15 October, as strong market sentiment pushed the stock higher ahead of its Q2 FY27 results set for Friday, 16 October.

Financial Projections

The company board is meeting to approve financial results for the quarter and half-year ended 30 September 2026. HDFC Securities expects revenue to grow 7 percent year-on-year to 1,260 crore rupees. The brokerage projects a gross margin of 39 percent, which is down about 20 basis points from last year, along with a pre-Ind AS EBITDA margin of 2 percent. Investors are watching management commentary closely for updates on demand trends and store expansion plans.

Market Levels

The stock opened at 385.05 rupees on the BSE, hitting a high of 430.95 rupees and a low of 382.15 rupees. Rajesh Bhosale from My Advisor Alpha noted that the stock rose over 14 percent on heavy volumes, with strong past resistance near 440 rupees and support at 400 rupees. Virat Jagad from Bonanza pointed out that the stock moved above key moving averages with an RSI reading of 62.28, placing immediate resistance between 430 and 440 rupees and support between 392 and 395 rupees.

Previous Quarter Performance

During the April-June quarter of FY27, Shoppers Stop narrowed its consolidated net loss to 14.25 crore rupees from 15.74 crore rupees in the same period last year. Revenue from operations grew 11.22 percent year-on-year to 1,291.41 crore rupees, while total income reached 1,296.83 crore rupees. Total expenses increased by 10.38 percent to 1,315.86 crore rupees. To drive growth, the retailer opened eight new stores during that quarter—including two department stores, four beauty stores, and two INTUNE outlets—investing 44 crore rupees in the expansion.

Context

Retail stocks often experience heightened trading activity and price movement ahead of scheduled earnings reports as investors adjust positions based on analyst forecasts. Brokerage estimates provide a baseline for market expectations, which can influence short-term price momentum depending on how the actual results compare.