Spencer's Retail Limited has informed the Exchange about Investor Presentation
SRL:SEC:SE:2025-26/24
July 30, 2025
National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No. C/1, G-Block Bandra-Kurla Complex Bandra (East), Mumbai – 400 051 (Symbol: SPENCERS)
Dear Sir/Madam,
BSE Limited Phiroze Jeejeebhoy Tower Dalal Street Mumbai – 400 001 (Scrip Code: 542337)
Sub: Investor Update for the quarter ended June 30, 2025
Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015, please find annexed herewith a copy of the Investor update dated July 30, 2025 for the quarter ended on June 30, 2025 and the conference call link with the investors and analysts which is scheduled to be held on Thursday, July 31, 2025 at 12:00 Noon (IST).
This information is available on the website of the Company at www.spencersretail.com.
You are requested to kindly take the abovementioned information on record and oblige.
Thanking you.
Yours faithfully, For Spencer’s Retail Limited
Navin Kumar Rathi 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
Q1 FY 26 Results Presentation 30th July 2025
Jul-25
| RP-Sanjiv Goenka Group Presentation
1
Key Consolidated performance highlights Q1
• 1% Q-o-Q growth with Q1 Sales at Rs 416 Crs vs Rs 412 Crs in Q4, but decline vs Q1 LY (Rs 548 Crs) wherein store footprint at
Spencer’s was wider.
• Marginal Top line de-growth at Spencer’s offset by margins and cost control to deliver improved EBITDA
• Offline LFL flat vs Q1 LY in Offline, Online +19% driven by higher number of orders/ customers/frequency
• Margins were at 19.1% vs 17.8% in Q4 LY & in line with Q1 LY margins of 19.3%
•
Tight controls on cost with operating expenses at Rs 60 crs vs Rs 62 in Q4LY & Rs 88 in Q1LY
• Q1 Financial EBITDA up 50% QoQ at Rs 15 Crs (4.2% of sales) vs Rs 10 Crs (2.8% of sales) Q4 LY & 100% YoY vs Q1 LY of
Rs 8 Crs (1.6% of sales)
• Natures Basket delivered sequential (QoQ) Topline growth with good control on costs and margins
•
Sales at Rs 69 Crs vs Rs 61 Crs in Q4 LY and Rs 72 Crs in Q1 LY
• Margins were up at 28.2% vs 25.7% Q4 LY & 27.6% in Q1 LY
•
•
Expenses were at Rs 22 crs. vs Rs 23 crs. in Q4 LY
EBITDA of Rs 0.8 crs vs Rs -4.7 crs in Q4 LY and Rs 23.1crs in Q1 LY
• Q1 EBITDA at consolidated level up by 119 bps QoQ @ Rs 5 crs vs breakeven in Q4 LY
• Q1 PBT at consolidated level Rs (-)62 crs. vs Rs (-)68 crs. in Q4 LY and Rs (-)43 crs. in Q1 LY
Jul-25
| RP-Sanjiv Goenka Group Presentation
2
Consolidated Financial Parameters Q1 FY26
Quarter 1
Quarter 1
1 % QoQ Growth YoY not LFL given store closures in Q2 LY
Margin Improvement on lower sales base
*
EBITDA +ve vs Breakeven in Q4 LY
Jul-25
| RP-Sanjiv Goenka Group Presentation
3
Gross Sales per sqft calculated on monthly Basis
548 412 416 Revenue from Operation (₹ Cr)Q1FY25Q4FY25Q1FY2620.5%19.0%20.8%Gross Margin (%)Q1FY25Q4FY25Q1FY26130314921523Gross Sales per Sq ft (₹) Q1FY25Q4FY25Q1FY2629 (0)5 EBITDA (₹ Cr)Q1FY25Q4FY25Q1FY26 Efficiency led EBITDA improvement (Q-o-Q) @ Consolidated level
1% QoQ growth, YoY decline
QoQ & YoY improvement in Margins
119 bps QoQ improvement in EBITDA
QoQ reduction in PBT/Losses by 179 bps
Jul-25
| RP-Sanjiv Goenka Group Presentation
4
30-Jun-2531-Mar-2530-Jun-24Y-o-YQ-o-Q31-Mar-25416 412 548 -24.2%1.0%Revenue from operations1,995 Expenses:329 333 436 Cost of Goods Sold1,605 87 78 112 -23%10%Gross Margin390 20.8%19.0%20.5%34 bps179 bpsGross Margin %19.6%31 34 45 -29%-6%Employee expenses160 62 56 66 -7%10%Other expenses274 11 11 28 -60%1%Other income104 5 (0) 29 EBITDA60 1.1%0.0%5.4%-424 bps119 bpsEBITDA %3.0%26 27 30 Depreciation143 40 41 43 Finance costs164 (62) (68) (43) PBT(247) -14.8%-16.6%-7.9%-690 bps179 bpsPBT %-12.4%(0.1) (0.1) (0.1) Tax Expenses(0.3) (62) (68) (43) PAT(246) 0.2 0.0 0.2 Other Comprehensive Income0.6 (61) (68) (43) Total Comprehensive Income(246) 3 months endedGrowthConsolidated (₹ Cr) 12 months ended Business Highlights
Jul-25
| RP-Sanjiv Goenka Group Presentation
5
Margin & Cost led EBITDA Improvement @ Spencer’s in Q1
Sales in ₹ Cr
Gross Margin %
QoQ Flat YoY Impact of closed regions
QoQ Recovery in Margins, in line with LY despite lower sales base
Operating Exp ₹ Cr
EBITDA in ₹ Cr
Continued control on all operating costs
50% QoQ & 100% YoY EBITDA improvement
Jul-25
| RP-SG Group Presentation
6
8 10 15 Q1 LYQ4 LYQ1 CY88 62 60 Q1 LYQ4 LYQ1 CY476 351 346 Q1 LYQ4 LYQ1 CY19.3%17.8%19.1%Q1 LYQ4 LYQ1 CY Spencer’s Q1 EBITDA at 15 Crs, up 50% QoQ, ~100% YoY
Marginal revenue decline QoQ
Solid Margin Delivery , at same level of LY despite lower scale
Costs continued to be tightly controlled
~2X improvement in EBIDTA YoY & 50% QoQ
Reduction in PBT/Losses by 35% vs Q1 LY, 19% Vs Q4 LY
Jul-25
| RP-Sanjiv Goenka Group Presentation
7
30-Jun-2531-Mar-2530-Jun-24Y-o-YQ-o-Q31-Mar-251 1 1 New Stores added3 90 89 136 Total Store count89 0.05 0.06 0.13 TA added (Lac sq.ft)0.28 7.69 7.67 12.57 TA exit (Lac sq.ft)7.67 346 351 476 -27.2%-1.4%Revenue from operations1,701 280 289 384 -27%-3%Cost of Goods Sold1,393 66 62 92 -28%6%Gross Margin307 19.1%17.8%19.3%-24 bps133 bpsGross Margin %18.1%21 23 33 -36%-6%Employee expenses115 38 39 54 -30%-2%Other expenses214 8 9 3 148%-11%Other income75 15 10 8 EBITDA53 4.2%2.8%1.6%262 bps142 bpsEBITDA %3.11%14 17 20 Depreciation106 31 31 35 Finance costs132 (31) (38) (48) PBT(185) -9.0%-10.9%-10.1%111 bps188 bpsPBT %-10.9%- - - Tax Expenses- (31) (38) (48) PAT(185) 0.2 (0.0) 0.2 Other Comprehensive Income0.6 (31) (38) (48) Total Comprehensive Income(184) 3 months endedGrowthSRL Standalone (₹ Cr) 12 months ended Business Highlights
Relaunch of #Bigger&Better Nature’s Basket at Inorbit Mall, Malad
Launch of Reimagined Nature’s Basket
New App & Launch of Express Delivery
@ Oberoi Mall, Goregaon
Jul-25
| RP-Sanjiv Goenka Group Presentation
8
13% QoQ Sales growth, better Margins & Costs @ NB in Q1
Sales in ₹ Cr
Gross Margin %
Q-o-Q 13% growth Y-o-Y Lower due to few closed stores
QoQ (+250 bps) & YoY (60 bps) improvement in Margins
Operating Exp ₹ Cr
EBITDA in ₹ Cr
Tight control on Operating Costs
Positive EBITDA in Q1 , LY Q1 impact of one off income
Jul-25
| RP-SG Group Presentation
9
-4.7
72 61 69 Q1 LYQ4 LYQ1 CY27.6%25.7%28.2%Q1 LYQ4 LYQ1 CY22 23 22 Q1 LYQ4 LYQ1 CY23.1 0.8 Q1 LYQ4 LYQ1 CY Efficiency led EBITDA improvement @ NB in Q1
QoQ Sales growth, YoY decline
Good Margin recovery vs Q4 & Q1 LY
QoQ EBITDA improvement, decline vs Q1 LY (one off Other income)
Reduction in PBT/Losses vs Q4 LY
Jul-25
| RP-Sanjiv Goenka Group Presentation
10
30-Jun-2531-Mar-2530-Jun-24Y-o-YQ-o-Q31-Mar-251 New Stores added2 31 32 33 Total Store count32 0.06 TA added (Lac sq.ft)0.14 1.18 1.24 1.16 TA exit (Lac sq.ft)1.24 69 61 72 -5%13%Revenue from operations294 49 45 52 -6%10%Cost of Goods Sold212 19 16 20 -3%24%Gross Margin81 28.2%25.7%27.6%56 bps247 bpsGross Margin %27.7%8 9 9 -13%-12%Employee expenses35 14 14 13 9%3%Other expenses57 4 3 25 -86%41%Other income30 0.8 (4.7) 23.1 EBITDA18.9 1.2%-7.7%31.9%-3074 bps891 bpsEBITDA %6.4%12 10 10 Depreciation35 8 10 7 Finance costs31 (19) (24) 6 PBT(48) -27.7%-40.0%8.9%-3664 bps1232 bpsPBT %-16.3%- - - Tax Expenses- (19) (24) 6 PAT(48) (0.0) (0.1) (0.0) Other Comprehensive Income(0.1) (19) (24) 6 Total Comprehensive Income(48) 3 months endedGrowthNBL Standalone (₹ Cr) 12 months ended 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 121 stores with a total 8.86 Lacs Square Feet in over 23 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.
Jul-25
| RP-Sanjiv Goenka Group Presentation
11
CONCALL INVITE
B&K Securities shall hold
a Conference Call of
Spencer's Retail
to discuss the 1QFY26 Results
on Thursday, 31st July 2025 at 12:00 hrs IST
The Management Team will be represented by:
Mr. Anuj Singh – CEO &MD
Mr. Sandeep Banka – CFO
Mr. Anand Kumar – Group Head – Investor Relations
Mr. Pankaj Kedia – Executive Director – Investor Relations
You are cordially invited
Diamond Pass Link
Universal Dial-in Numbers
+91-22-6280 1222 / +91-22-7115 8123
International Toll Free
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Singapore: 8001012045 | South Korea: 00180014243444 | Sweden: 0080014243444
Thailand: 00180014243444 | UK: 08081011573 | USA: 18667462133
For further information, please contact
Akhil Parekh
Batlivala & Karani Securities India Pvt. Ltd.
+91 88066 67425
akhil.parekh@bksec.com