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Shoppers Stop: Motilal Oswal Retains 'Neutral' Stance Post Q1 Results But Hikes Target Price — Here's Why
Motilal Oswal believes improved profitability in the departmental stores and profitable scale-up of INTUNE remain key to the re-rating of Shoppers Stop.
21 Jul 2025, 03:15 PM IST 
Shoppers Stop's store count remained flat YoY as four additions in INTUNE were offset by three closures in Beauty and one in Home Stop.
(Photo source: Vijay Sartape/NDTV Profit)
Shoppers Stop revenue grew 6% YoY in Q1 FY25 (vs +8%/+2% YoY in Q3/Q4), led by 5% like-for-like growth in Departmental format and ~two times growth in INTUNE.
