Shoppers Stop Ltd., established in 1991, is a leading Indian fashion and beauty retailer and a part of the K Raheja Corp group. Over the years, it has built a strong presence in the retail sector, becoming synonymous with premium shopping experiences. The company boasts an extensive portfolio of over 800 renowned brands, offering a wide array of products, including clothing, accessories, handbags, footwear, jewellery, fragrances, cosmetics, health and beauty essentials, home furnishings, and decor items. As of December 31, 2022, Shoppers Stop operates 271 stores across 50 cities in India, catering to diverse consumer needs. Listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), it has earned its place as a trusted name in the market. Its e-commerce platform complements its physical presence, ensuring seamless delivery across major cities. Recognized for its excellence, Shoppers Stop has received prestigious awards like the “Hall of Fame” and “Emerging Market Retailer of the Year” by the World Retail Congress in 2008. The company remains at the forefront of retail innovation, embracing an omnichannel strategy to adapt to changing consumer behaviors and maintain its leadership in India’s dynamic retail landscape.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 65.55% | 65.54% | 65.58% | 65.57% | 65.54% |
| FIIs + | 6.85% | 7.43% | 7.43% | 7.08% | 3.32% |
| DIIs + | 21.97% | 22.17% | 22.22% | 22.67% | 25.32% |
| Public + | 5.64% | 4.85% | 4.78% | 4.68% | 5.81% |
| No. of Shareholders | 41,376 | 25,677 | 24,567 | 24,285 | 27,899 |
The shareholding pattern of Shoppers Stop Ltd. demonstrates a consistent structure with notable changes across key investor categories. As of December 2024, the promoters held a dominant 65.54% stake, reflecting a stable ownership compared to previous quarters. Foreign Institutional Investors (FIIs) saw fluctuations, starting at 6.85% in December 2023, peaking at 7.43% in March and June 2024, and then declining sharply to 3.32% by the end of December 2024. Domestic Institutional Investors (DIIs) showcased a steady increase in their stake, rising from 21.97% in December 2023 to 25.32% in December 2024, signifying growing confidence among domestic investors.
The public shareholding in Shoppers Stop remained relatively stable, with minor variations, starting at 5.64% in December 2023 and ending slightly higher at 5.81% in December 2024. Interestingly, the number of shareholders also saw notable changes, decreasing from 41,376 in December 2023 to a low of 24,285 in September 2024, before recovering to 27,899 by the end of December 2024. This data highlights the evolving dynamics of Shoppers Stop’s investor base and the shifts in institutional and public interest over the year.
Below are the trading platforms that you can use to purchase Shoppers Stop shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| February 2025 | 628.09 | 483.15 |
| March 2025 | 641.28 | 493.29 |
| April 2025 | 634.93 | 488.41 |
| May 2025 | 616.44 | 474.18 |
| June 2025 | 644.18 | 495.52 |
| July 2025 | 631.55 | 485.80 |
| August 2025 | 651.08 | 500.83 |
| September 2025 | 658.89 | 506.84 |
| October 2025 | 676.02 | 520.02 |
| November 2025 | 692.92 | 533.02 |
| December 2025 | 724.10 | 557.00 |
As we step into February 2025, Shoppers Stop’s share price is projected to range between ₹483.15 and ₹628.09. Throughout the year, the prices show a steady upward trend, with March reaching ₹493.29 to ₹641.28 and June ranging from ₹495.52 to ₹644.18. By October, prices are expected to climb further to ₹520.02 and ₹676.02, culminating in December 2025 with the share price peaking at ₹724.10 and a minimum of ₹557.00, indicating a strong performance.
| When | Maximum Price | Minimum Price |
| January 2026 | 745.83 | 573.71 |
| February 2026 | 727.18 | 559.37 |
| March 2026 | 741.72 | 570.56 |
| April 2026 | 756.86 | 582.20 |
| May 2026 | 749.37 | 576.44 |
| June 2026 | 768.10 | 590.85 |
| July 2026 | 753.04 | 579.26 |
| August 2026 | 776.33 | 597.18 |
| September 2026 | 791.86 | 609.12 |
| October 2026 | 812.45 | 624.96 |
| November 2026 | 832.76 | 640.58 |
| December 2026 | 853.58 | 656.60 |
As we move into January 2026, Shoppers Stop’s share price is expected to range between ₹573.71 and ₹745.83. February may see prices shift to ₹559.37 and ₹727.18, while March is projected to reach ₹570.56 to ₹741.72. By mid-year in June, prices could rise further, ranging from ₹590.85 to ₹768.10. August might bring values between ₹597.18 and ₹776.33, and by October, the range is likely to be ₹624.96 to ₹812.45. Finally, as we move into December 2026, Shoppers Stop’s share price is anticipated to peak at ₹853.58, with a minimum of ₹656.60.
| When | Maximum Price | Minimum Price |
| January 2027 | 862.11 | 663.16 |
| February 2027 | 884.22 | 680.17 |
| March 2027 | 918.70 | 706.69 |
| April 2027 | 900.69 | 692.84 |
| May 2027 | 874.45 | 672.66 |
| June 2027 | 913.81 | 702.93 |
| July 2027 | 895.89 | 689.14 |
| August 2027 | 923.60 | 710.46 |
| September 2027 | 955.92 | 735.32 |
| October 2027 | 980.78 | 754.44 |
| November 2027 | 1,005.29 | 773.30 |
| December 2027 | 1,030.43 | 792.64 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,051.04 | 808.49 |
| February 2028 | 1,077.99 | 829.22 |
| March 2028 | 1,120.03 | 861.56 |
| April 2028 | 1,098.07 | 844.67 |
| May 2028 | 1,066.08 | 820.06 |
| June 2028 | 1,114.06 | 856.97 |
| July 2028 | 1,092.21 | 840.16 |
| August 2028 | 1,125.99 | 866.15 |
| September 2028 | 1,165.40 | 896.46 |
| October 2028 | 1,195.70 | 919.77 |
| November 2028 | 1,225.59 | 942.77 |
| December 2028 | 1,256.23 | 966.33 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,281.36 | 985.66 |
| February 2029 | 1,314.21 | 1,010.93 |
| March 2029 | 1,365.47 | 1,050.36 |
| April 2029 | 1,338.70 | 1,029.77 |
| May 2029 | 1,299.70 | 999.77 |
| June 2029 | 1,358.19 | 1,044.76 |
| July 2029 | 1,331.56 | 1,024.28 |
| August 2029 | 1,372.74 | 1,055.96 |
| September 2029 | 1,420.79 | 1,092.91 |
| October 2029 | 1,457.73 | 1,121.33 |
| November 2029 | 1,494.17 | 1,149.36 |
| December 2029 | 1,531.53 | 1,178.10 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,562.16 | 1,201.66 |
| February 2030 | 1,602.21 | 1,232.47 |
| March 2030 | 1,664.70 | 1,280.54 |
| April 2030 | 1,632.06 | 1,255.43 |
| May 2030 | 1,584.52 | 1,218.86 |
| June 2030 | 1,655.82 | 1,273.71 |
| July 2030 | 1,623.36 | 1,248.74 |
| August 2030 | 1,673.56 | 1,287.36 |
| September 2030 | 1,732.14 | 1,332.41 |
| October 2030 | 1,777.17 | 1,367.06 |
| November 2030 | 1,821.60 | 1,401.23 |
| December 2030 | 1,867.14 | 1,436.26 |
As we progress into January 2030, Shoppers Stop’s share price is expected to range between ₹1,201.66 and ₹1,562.16. February may witness values shifting to ₹1,232.47 and ₹1,602.21, while March could see prices reaching ₹1,280.54 to ₹1,664.70. By June, the price is projected to rise between ₹1,273.71 and ₹1,655.82. August may present ranges from ₹1,287.36 to ₹1,673.56, and October is likely to experience prices from ₹1,367.06 to ₹1,777.17. Finally, as we progress into December 2030, Shoppers Stop’s share price is anticipated to peak at ₹1,867.14, with a minimum of ₹1,436.26, indicating significant growth potential.
Financials Chart of Shoppers Stop
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 3,464 | 1,749 | 2,519 | 4,022 | 4,317 | 4,610 |
| Expenses + | 2,912 | 1,705 | 2,249 | 3,327 | 3,600 | 3,905 |
| Operating Profit | 552 | 44 | 270 | 695 | 717 | 705 |
| OPM % | 16% | 3% | 11% | 17% | 17% | 15% |
| Other Income + | 24 | 224 | 194 | 55 | 49 | 67 |
| Interest | 197 | 223 | 207 | 209 | 225 | 249 |
| Depreciation | 450 | 392 | 355 | 382 | 437 | 481 |
| Profit before tax | -72 | -347 | -98 | 159 | 104 | 43 |
| Tax % | 98% | -23% | -53% | 27% | 26% | |
| Net Profit + | -142 | -267 | -47 | 116 | 77 | 32 |
| EPS in Rs | -12.98 | -24.43 | -4.29 | 10.58 | 7.03 | 2.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
The financial performance of Shoppers Stop has shown notable trends over the years. Sales have increased steadily from ₹3,464 crore in March 2020 to ₹4,610 crore in the trailing twelve months (TTM), reflecting a strong recovery and growth trajectory. Despite the pandemic’s impact in March 2021, when sales dipped to ₹1,749 crore, the company rebounded effectively, achieving ₹4,317 crore by March 2024.
Expenses also followed a similar trajectory, rising from ₹2,912 crore in March 2020 to ₹3,905 crore in the TTM. Operating Profit Margin (OPM) improved significantly from 3% in March 2021 to a stable 17% in both 2023 and 2024, underscoring improved cost management and operational efficiency.
Other income saw fluctuations, peaking at ₹224 crore in March 2021 before stabilizing at ₹67 crore in the TTM. While interest and depreciation costs remained consistent, profit before tax faced challenges, showing a loss of ₹-347 crore in March 2021 but recovering to ₹159 crore in March 2023.
Net Profit followed a similar recovery trend, moving from a loss of ₹-267 crore in March 2021 to a profit of ₹116 crore in March 2023, though it moderated to ₹32 crore in the TTM. The Earnings Per Share (EPS) also improved, transitioning from a negative ₹-24.43 in March 2021 to ₹10.58 in March 2023. Despite this progress, Shoppers Stop has maintained a 0% dividend payout during this period, likely reinvesting earnings to fuel further growth.
FAQs
The current share price of Shoppers Stop stands at ₹586 as of 11th February 2025.
The projected share price target for Shoppers Stop during 2025-2030, based on market analysis and expert opinions, is estimated to range between ₹724.10 and ₹1,867.14.
The share price of Shoppers Stop can be influenced by various factors such as the company’s financial performance, market competition, government policies, global economic conditions, and consumer demand.
Is Shoppers Stop a good stock to buy?
With a Strong presence across multiple sectors and a consistent track record of financial growth, Shoppers Stop is regarded as an attractive long-term investment option, acknowledging the inherent risks associated with any stock.
Also Read
- Avanti Feeds Share Price Target 2025, 2026 to 2030
- National Fertilizer Share Price Target 2025, 2026 to 2030
- VRL Logistics Share Price Target 2025, 2026 to 2030
Conclusion
In conclusion, Shoppers Stop has consistently showcased growth and resilience in India’s retail sector, leveraging its diverse product portfolio, omnichannel presence, and strategic innovations to maintain a competitive edge. The company’s shareholding patterns reflect stability in promoter holdings, significant institutional interest, and steady public participation, indicating strong investor confidence. Financially, Shoppers Stop has achieved robust sales growth, improving operating margins, and a positive trajectory in profitability. Future share price projections suggest sustained growth potential, with significant increases anticipated between 2025 and 2030. As the company continues to adapt to changing consumer preferences and market dynamics, it is well-positioned to strengthen its leadership and expand its footprint in the retail landscape.
What did we learn?
