Spencer's Retail Reports Mixed Q1 Results with Marginal Growth and Improved Margins Aug 06, 2025
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.