Spencer's Retail Limited has informed the Exchange about Investor Presentation

SRL:SEC:SE:2023-24/22

May 22, 2023

The Manager Listing Department, National Stock Exchange of India Limited (Symbol: SPENCERS) Exchange Plaza, 5th Floor Plot No. C/1, G-Block Bandra-Kurla Complex Bandra (East), Mumbai – 400 051 (Symbol : SPENCERS)

Dear Sir/Madam,

The General Manager Department of Corporate Service, BSE Limited (Scrip Code: 542337) Phiroze Jeejeebhoy Tower Dalal Street Mumbai – 400 001 (Scrip Code:542337)

Sub: Investor Updates / Press Release for the quarter ended March 31, 2023

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find annexed herewith a copy of the Investor updates / press release dated May 22, 2023 for the quarter ended on March 31, 2023.

The above information is also available on the website of the Company at www.spencersretail.com.

Thanking you. For Spencer’s Retail Limited

Vikash Kumar Agarwal Company Secretary & Compliance Officer

Encl: as above

Spencer's Retail Limited Regd. Office: Duncan House, 31, Netaji Subhas Road, Kolkata-700 001 Corp. Office: RPSG House, 2/4 Judges Court Road, Kolkata-700 027 Tel: +91 33 2487 1091 Web: www.spencersretail.com CIN: L74999WB2017PLC219355

Earnings Presentation – Q4 FY23

May-23

| RP-Sanjiv Goenka Group Presentation

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Key Consolidated performance highlights

• FY23 business growth of 6.6% YoY and sustaining Gross margin % at 20.1% in FY23 driven

by Business growth in both Food & Non-Food category mix (i.e. General Merchandise &

Apparel)

• Non-Food Mix surpassed Pre-Pandemic levels and has touched highest ever in last 3 years

• Our OMNI Channel Business reported EBITDA positive for the first time with a GMV of

₹302crore for FY23. Improvement in EBITDA Margins from (-) 8% to 7% (FY22 vs FY23)

• Added 9 Stores during the year having Trading Area of 81.4k sq.ft. Spencer’s 7 stores

having 74.9k sq.ft. and 2 Natures Basket stores having 6.5k sq.ft. in existing geographies

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Consolidated Financial Parameters FY23

12M

12M

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Annualised Gross Sales per sqft

2,300 2,452 Revenue from Operations (₹ Cr)FY22FY2320.7%20.1%Gross Margin (%)FY22FY231.47 1.44 Trading Area (Mn Sq ft) FY22FY231480016000Gross Sales per Sq ft (₹) FY22FY23Consolidated Financial Parameters FY23

Quarter

Quarter

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Annualised Gross Sales per sqft

639 543 Revenue from Operation (₹ Cr)Q3FY23Q4FY2319.9%19.3%Gross Margin (%)Q3FY23Q4FY231.44 1.44 Trading Area (Mn Sq ft) Q3FY23Q4FY231680016900Gross Sales per Sq ft (₹) Q3FY23Q4FY23Spencer’s Business Highlights

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Natures Basket Business Highlights

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Business Growth of 9% vs 12MFY22

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31-Mar-2331-Dec-2231-Mar-22Y-o-YQ-o-Q31-Mar-2331-Mar-222 1 1 New Stores added7 4 151 150 154 Total Store count151 153 0.13 0.18 0.13 TA added (Lac sq.ft)0.75 0.54 13.36 13.29 13.57 TA exit (Lac sq.ft)13.36 13.57 482 563 476 1%-15%Revenue from operations2,180 2,000 394 457 386 2%-14%Cost of Goods Sold1,766 1,611 88 106 90 -3%-17%Gross Margin414 389 18.2%18.8%19.0%-78 bps-61 bpsGross Margin %19.0%19.4%39 44 41 -6%-11%Employee expenses165 152 53 64 57 -7%-18%Other expenses245 219 5 3 21 -75%75%Other income31 67 1.1 1 13 EBITDA34 85 0.2%0.2%2.8%-253 bps5 bpsEBITDA %1.6%4.2%23 26 22 Depreciation97 94 26 23 20 Finance costs91 76 (48) (48) (28) PBT(153) (85) -10.0%-8.5%-6.0%-404 bps-155 bpsPBT %-7.0%-4.2%- - - Tax Expenses- - (48) (48) (28) PAT(153) (85) (1.2) (0.3) (2.7) Other Comprehensive Income(2.0) (3.2) (49) (48) (31) Total Comprehensive Income(155) (88) 3 months endedGrowthSRL Standalone (₹ Cr) 12 months ended Natures Basket Standalone

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31-Mar-2331-Dec-2231-Mar-22Y-o-YQ-o-Q31-Mar-2331-Mar-2235 35 36 Total Store count35 36 1.07 1.07 1.08 TA exit (Lac sq.ft)1.07 1.08 62 76 66 -5%-19%Revenue from operations274 301 45 55 47 -4%-18%Cost of Goods Sold197 214 17 21 19 -10%-20%Gross Margin78 87 27.0%27.4%28.4%-141 bps-39 bpsGross Margin %28.4%28.9%6 7 7 -6%-10%Employee expenses26 27 11 14 14 -21%-23%Other expenses55 52 2 0 2 16%593%Other income4 9 2.1 0.1 0 EBITDA1 18 3.3%0.1%0.5%282 bps322 bpsEBITDA %0.2%5.9%8 8 8 Depreciation34 31 7 6 5 Finance costs23 20 (13) (14) (13) PBT(56) (33) -20.2%-18.5%-20.0%-26 bps-176 bpsPBT %-20.5%-11.0%- - - Tax Expenses- - (13) (14) (13) PAT(56) (33) (0.0) 0.0 0.1 Other Comprehensive Income0.0 0.1 (13) (14) (13) Total Comprehensive Income(56) (33) 3 months endedGrowthNBL Standalone (₹ Cr) 12 months ended ORIPL Standalone

Pre-Pandemic

GMV (₹ in Cr)

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• •

ORIPL is an E-commerce company 100% owned Subsidiary of Spencer’s Retail Limited. OMNI Channel platform for Food, Grocery, Fresh, Apparel, General Merchandise and Liquor.

40 302 FY20 FY2331-Mar-2331-Dec-2231-Mar-22Y-o-YQ-o-Q31-Mar-2331-Mar-2274 77 73 1x1xGross Merchandise Value (GMV)302 329 5.0 5.3 4.8 4.0%-4.5%Revenue from operations20.8 22.1 Expenses:2.3 2.1 2.1 8%8%Employee expenses8.3 9.6 2.4 2.6 3.5 -32%-8%Other expenses11.3 15.1 0.1 0.1 0.4 Other income0.2 0.6 0.4 0.7 (0.4) 203%-34%EBITDA1.4 (1.9) 8.8%12.7%-9%EBITDA %7%-8%0.3 0.3 0.2 15%6%Depreciation1.0 1.0 0.4 0.3 0.2 Finance costs1.4 0.9 (0.22) 0.1 (0.9) 74%422%PBT(1.1) (3.8) -4.4%1.3%-18%PBT %-5%-17%- - - Tax Expenses- - (0.2) 0.1 (0.9) 74%422%PAT(1.1) (3.8) (0.0) 0.0 (0.0) Other Comprehensive Income(0.1) (0.1) (0.3) 0.1 (0.9) 69%334%Total Comprehensive Income(1.2) (3.9) ORIPL Standalone (₹ Cr) 12 months ended 3 months endedGrowthThank You

About Spencer’s Retail Limited: Spencer’s Retail Limited, part of RP-Sanjiv Goenka Group, is a multi-format retailer providing a wide range of quality products across categories such as FMCG, fashion, food, staples, general merchandise, personal care, home essentials, electrical and electronics to its consumers. specialty sections such as Spencer’s Gourmet, Patisserie, Wine & Liquor and Epicuisine section are some of the key differentiators in our hypermarket stores and in Natures Basket Limited L’exclusif, healthy alternatives and Natures. The first ever hypermarket in India was launched by Spencer’s in Hyderabad in 2000. Today, Spencer’s (including Natures Basket) runs 186 stores with a total 14.43 Lacs Square Feet in over 44 cities in India. Spencer’s brand positioning – MAKES FINE LIVING affordable – embodies its philosophy of delighting shoppers with the best products and services that enable a fine living at reasonable prices, while providing them with a warm, friendly and educational retail environment. Value Market format is ‘maha bachat har din’ on your daily essentials household needs with best quality. Natures Basket Limited is a one shop destination for all multi cuisine cooking needs, healthy food including international food products. ORIPL is an E-commerce company 100% owned Subsidiary of Spencer’s Retail Limited. It is an OMNI Channel platform for Food, Grocery, Fresh, Apparel, General Merchandise and Liquor. Disclaimer: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Spencer’s Retail Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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Spencer’s Retail Limited

12M FY23 – Highlights: Business Growth of 6.6% YoY with sustained high Non-Food Mix

OMNI Channel Business is operationally profitable at GMV of ₹302crore,

7.6x Growth vs Pre Pandemic FY1920 9 Stores added during the year having Trading Area of 81.4k sq.ft.

Kolkata: May 22, 2023: Spencer’s Retail Ltd reported standalone turnover of ₹482 crore and Gross Margin of 18.2% for quarter ended Mar 31, 2023. Spencer’s operates with 151 Stores with a total trading area of 13.36 Lacs square feet as on Mar 31, 2023.

Natures Basket Ltd reported standalone turnover of ₹62 crore and Gross Margin of 27.0% for the quarter ended Mar 31, 2023. Natures Basket operates with 35 stores with a total trading area of 1.07 Lacs square feet as on Mar 31, 2023.

We have opened 2 Spencer’s store having trading area of 13.1k sq.ft. during the quarter.

7 Spencer’s stores and 2 Natures Basket store opened in period ended Mar 31, 2023 having trading area of 74.9k sq.ft and 6.5k sq.ft respectively.

Unaudited Consolidated Financial Results for the quarter ended Mar 31, 2023:

 Revenue for the quarter ₹ 543 Cr & Gross Margin ₹ 105 Cr at 19.3%  EBITDA ₹4 Cr  PBT (-) ₹61 Cr  OMNI Channel Company ‘ORIPL’ delivered positive EBITDA of 8.8% at GMV ₹74cr

Unaudited Consolidated Financial Results for the period ended Mar 31, 2023:

 Revenue for the period ₹ 2452 Cr & Gross Margin ₹ 493 Cr at 20.1%  EBITDA ₹36 Cr  PBT (-) ₹211 Cr  OMNI Channel Company ‘ORIPL’ delivered positive EBITDA of 7% at GMV ₹302cr

Mr. Shashwat Goenka, Sector Head, said, “Our Sales continue to grow by 6.6% on consolidated basis for FY23 on year-on-year, driven by our initiatives which includes higher share of Non-Food mix, growing OMNI channel business and increasing our footprint in existing clusters.

During the year we have added 9 stores having trading area of 84.k sq.ft., 7 in Spencer’s and 2 in Natures Basket in our existing clusters.

Mr. Goenka added, “We continue to measure the performance of our new format ‘Spencer's Value Market', basis the stabilisation of these stores we shall decide the way forward. The initial consumer response has been encouraging."

About Spencer’s Retail Limited: Spencer’s Retail Limited (www.spencersretail.com | NSE: Spencers | BSE: 542337), part of RP-Sanjiv Goenka Group, is a multi-format retailer providing a wide range of quality products across categories such as FMCG, fashion, food, staples, general merchandise, personal care, home essentials, electrical and electronics to its consumers specialty sections such as Spencer’s Gourmet, Patisserie, Wine & Liquor and Epicuisine section are some of the key differentiators in our hypermarket stores and in Natures Basket Limited L’exclusif, Healthy alternatives and Natures. The first ever hypermarket in India was launched by Spencer’s in Hyderabad in 2000. Today, Spencer’s runs 186 stores (including Natures Basket) with a total 14.43 Lacs Square Feet in over 44 cities in India. Spencer’s brand positioning – Makes Fine Living affordable – embodies its philosophy of delighting shoppers with the best products and services that enable a fine living at reasonable prices, while providing them with a warm, friendly and educational retail environment. Value Market format is ‘maha bachat har din’ on your daily essentials household needs with best quality. Natures Basket Limited is a one shop destination for all multi cuisine cooking needs, healthy food including international food products. ORIPL is an E-commerce company 100% owned Subsidiary of Spencer’s Retail Limited. It is an OMNI Channel platform for Food, Grocery, Fresh, Apparel, General Merchandise and Liquor. Disclaimer: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Spencer’s Retail Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.