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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The department store chain’s only growth engine is powered by distribution, not stores—raising questions about sustainability and profitability.
Beauty has been a rare bright spot for Shoppers Stop, India’s oldest department store chain.
At a time when the broader business has struggled to gain traction, its stock has trailed peers, and it ended FY26 in the red, beauty stands out as the lone exception.
Shoppers Stop’s beauty business spans shop-in-shops within its department stores, exclusive brand outlets (EBOs) for labels such as MAC, Bobbi Brown and Clinique, standalone SS Beauty stores, and its distribution arm housed under Global SS Beauty. The segment grew 17% year-on-year to Rs 1,281 crore in FY26, up from Rs 1,095 crore in FY25. …
Brands are struggling amid plunging prices of lab-grown diamonds, poor margins, intense competition, shaky global demand and a domestic market where tradition continues to shape buying decisions.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
Back-to-back strong quarters have reset expectations for the beauty and personal care company. Has the Mamaearth parent truly left its troubled past behind?
