Spencer's Retail Reports Mixed Q1 Results with Marginal Growth and Improved Margins
Spencer's Retail reported 1% quarter-on-quarter consolidated revenue growth in Q1. EBITDA improved to INR 5.00 crores, and PBT loss reduced to INR 62.00 crores. The offline business saw flat revenue but improved margins to 19.10%. Online business (Jiffy) grew 20% year-on-year. Nature's Basket revenue increased to INR 69.00 crores with 28.20% margins. The company plans to add 8-10 new stores and targets mid-single-digit growth for offline and 50% growth for online operations. Net debt stood at INR 950.00 crores, with plans to repay INR 140.00 crores this fiscal year.
30Jul 25
Spencer's Retail Unveils Multi-Pronged Strategy to Boost Profitability
Spencer's Retail Limited has announced a comprehensive strategy to boost profitability across its business segments. Key initiatives include expanding online sales, implementing cost-cutting measures, opening more premium stores, and developing a new strategy for the Nature's Basket brand. Despite facing financial challenges with current liabilities exceeding assets by ₹815.16 crore, the company remains confident in its ability to meet obligations. Recent financial results show a slight improvement in quarterly performance, with Q1 FY2026 revenue at ₹415.84 crore, up from ₹411.87 crore in Q4 FY2025, though down year-on-year from ₹548.32 crore in Q1 FY2025.
30Jul 25
Spencer's Retail Reports Rs 3,115.83 Lakh Loss in Q1, Approves Auditor Re-appointment
Spencer's Retail Limited reported a net loss of Rs 3,115.83 lakhs for Q1 ended June 30, an improvement from Rs 4,810.52 lakhs loss in the same quarter last year. Revenue from operations declined to Rs 35,107.20 lakhs from Rs 47,581.84 lakhs in the previous quarter. The company faces liquidity pressures with current liabilities exceeding current assets by Rs 65,676.52 lakhs. Spencer's is implementing store optimization and focusing on margin improvement. The Board approved re-appointment of S.R. Batliboi & Co. LLP as statutory auditors for a second 5-year term.
15May 25
Spencer's Retail Narrows Q4 Loss, Revenue Declines Amid Store Closures
Spencer's Retail reported a reduced Q4 net loss of ₹68.40 crore, down from ₹80.69 crore year-over-year. However, revenue decreased to ₹411.87 crore from ₹546.79 crore. The company closed 47 stores in Q2 as part of restructuring efforts. Full-year net loss narrowed to ₹246.36 crore. Spencer's is expanding its JIFFY quick delivery service to new cities, adapting to changing consumer preferences.