India’s Shoppers Stop’s sales rise 4% to $127 mn in Q2 FY25

Shoppers Stop Ltd has reported Q2 FY25 GAAP sales of ₹1,068 crore (~$127 million), a 4 per cent increase YoY, and a GAAP gross margin of 39.9 per cent.
Sales in H1 FY25 grew by 5 per cent to ₹2,102 crore (~$250 million).
The company faced EBITDA and PBT declines but continued expanding, opening its 50th store.
CEO Kavindra Mishra highlighted growth despite muted demand and challenging conditions.