Shoppers Stop targets debt-free status by FY27

Shoppers Stop, a big department store chain in India, wants to have no debt by the end of the financial year 2027.

They are doing this by focusing on selling high-end products and controlling their inventory.

In the first quarter of this year, their sales went up by 11%, and they made a profit before taxes and other expenses.

They also opened new stores and plan to open more in the future.

However, they are cautious about the upcoming festive season and the impact of the monsoon on rural demand.