Spencer's Retail Limited has informed the Exchange about Investor Presentation
Earnings Presentation – Q2 FY22
Nov-21
| RP-Sanjiv Goenka Group Presentation
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Key Consolidated performance highlights
•
Improvement in Profitability by ₹ 16 crore (Q2 FY22 vs Q2 FY21) with lower sales
by 6%
• Gross margin % at 21.1% Q2 FY22 vs 20.4% Q2 FY21 driven by improvement in
Non-Food category mix (i.e. General Merchandise & Apparel)
• Natures Basket continues to be EBITDA positive on QoQ basis
•
•
1.7x YoY Growth in OMNI Channel business during the quarter
Improvement in EBITDA Margins % by 354 bps from 0.9% to 4.4% (Q2FY21 vs
Q2FY22) by improvement in sales mix and cost controls
Nov-21
| RP-Sanjiv Goenka Group Presentation
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Consolidated Financial Parameters FY22
Quarter
Quarter
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Annualised Gross Sales per sqft
552 582 Revenue from Operation (₹ Cr)Q1FY22Q2FY2220.5%21.1%Gross Margin (%)Q1FY22Q2FY221.46 1.47 Trading Area (Mn Sq ft) Q1FY22Q2FY221460015600Gross Sales per Sq ft (₹) Q1FY22Q2FY22 Consolidated Financial Parameters FY22
H1
H1
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Annualised Gross Sales per sqft
1,164 1,134 Revenue from Operation (₹ Cr)H1 FY21H1 FY2220.4%20.8%Gross Margin (%)H1 FY21H1 FY221590015100Gross Sales per Sq ft (₹) H1 FY21H1 FY221.40 1.47 Trading Area (Mn Sq ft) H1 FY21H1 FY22 Spencer’s Business Highlights
Celebrating Consumer Events
Moving towards OMNI Channel
Nov-21
| RP-Sanjiv Goenka Group Presentation
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Natures Basket Business Highlights
Strengthening our Health Positioning
Superior Convenience to customers
•
Strengthening Health positioning of Stores
• Delivery of Fresh & Fast service in 90 mins
• Offerings to communicate & strengthen our
product portfolio
• Convenience for both Online & Home Delivery
customers
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₹48cr Improvement in PBT vs H1FY21
Continued cost
initiatives
Improvement in
business mix and
margins
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30-Sep-2130-Jun-2130-Sep-20Y-o-YQ-o-Q30-Sep-2130-Sep-20582 552 617 -6%5%Revenue from operations1,134 1,164 Expenses:459 439 491 Cost of Goods Sold898 926 123 113 126 -2%9%Gross Margin236 238 21.1%20.5%20.4%77 bps64 bpsGross Margin %20.8%20.4%46 47 47 -3%-2%Employee expenses93 95 64 59 81 -20%8%Other expenses124 156 13 23 8 66%-44%Other income36 15 26 30 5 EBITDA55 2 4.4%5.4%0.9%354 bps-98 bpsEBITDA %4.9%0.2%30 32 31 Depreciation62 62 24 22 20 Finance costs46 40 (29) (24) (45) PBT(52) (100) -4.9%-4.3%-7.3%237 bps-66 bpsPBT %-4.6%-8.6%(0.1) (0.1) (0.1) Tax Expenses(0.3) (0.1) (29) (24) (45) PAT(52) (100) (0.2) (0.2) (0.3) Other Comprehensive Income(0.3) (0.6) (29) (24) (45) Total Comprehensive Income(53) (100) period endedGrowthConsolidated (₹ Cr) 6 months ended ₹ 44cr improvement in PBT vs H1FY21
Continued and Sustained
Cost initiatives of LY
Significant Improvement
of ₹ 44 crore in PBT levels
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| RP-Sanjiv Goenka Group Presentation
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30-Sep-2130-Jun-2130-Sep-20Y-o-YQ-o-Q30-Sep-2130-Sep-201 2 - New Stores added3 - 155 154 154 Total Store count155 154 0.01 0.39 - TA added (Lac sq.ft)0.40 - 13.69 13.69 13.12 TA exit (Lac sq.ft)13.69 13.12 507 472 526 -4%7%Revenue from operations979 965 407 382 424 -4%6%Cost of Goods Sold789 780 100 90 101 -1%11%Gross Margin191 185 19.8%19.1%19.3%49 bps65 bpsGross Margin %19.5%19.2%37 37 39 -5%-1%Employee expenses74 78 52 51 67 -21%3%Other expenses103 126 8 21 6 33%-60%Other income29 13 19 23 2 EBITDA43 (6) 3.8%5.0%0.4%344 bps-113 bpsEBITDA %4.4%-0.6%23 23 24 Depreciation46 47 19 17 14 Finance costs36 29 (22) (17) (36) PBT(39) (83) -4.4%-3.6%-6.9%249 bps-78 bpsPBT %-4.0%-8.6%- - - Tax Expenses- - (22) (17) (36) PAT(39) (83) (0.2) (0.2) (0.4) Other Comprehensive Income(0.3) (0.7) (22) (17) (36) Total Comprehensive Income(39) (84) 3 months endedGrowthSRL Standalone (₹ Cr) 6 months ended Continues to be EBITDA positive
Improvement in Gross
Margin % by 329 bps
driven by business mix
Profitability driven by
better higher margin and
sustained cost controls
with lower sales
(lockdown restrictions)
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30-Sep-2130-Jun-2130-Sep-20Y-o-YQ-o-Q30-Sep-2130-Sep-2035 33 31 Total Store count35 31 1.03 0.93 0.84 TA exit (Lac sq.ft)1.03 0.84 75 80 91 -18%-6%Revenue from operations155 199 53 58 67 -21%-8%Cost of Goods Sold110 146 22 22 24 -7%-1%Gross Margin45 52 29.7%28.1%26.5%329 bps164 bpsGross Margin %28.9%26.3%7 7 7 0%1%Employee expenses14 14 13 11 11 24%22%Other expenses24 23 4 2 1 199%119%Other income6 2 7 7 8 EBITDA14 18 8.9%8.6%9.0%-7 bps33 bpsEBITDA %8.8%8.8%7 8 7 Depreciation15 14 5 4 6 Finance costs10 12 (6) (5) (5) PBT(11) (9) -7.4%-6.7%-5.4%-201 bps-69 bpsPBT %-7.0%-4.4%- - - Tax Expenses- - (6) (5) (5) PAT(11) (9) 0.0 0.0 0.1 Other Comprehensive Income0.0 0.1 (6) (5) (5) Total Comprehensive Income(11) (9) 3 months endedGrowthNBL Standalone (₹ Cr) 6 months ended “ORIPL” Improved Profitability & 2.4x GMV growth
GMV (₹ in Cr)
Nov-21
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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.
81 192 H1FY21H1FY2230-Sep-2130-Jun-2130-Sep-20Y-o-YQ-o-Q30-Sep-2130-Sep-2074 118 44 1.7x0.6xGross Merchandise Value (GMV)192 81 5.1 7.9 1.1 364.3%-35.1%Revenue from operations13.0 2.1 Expenses:2.4 3.1 1.8 32%-23%Employee expenses5.5 3.5 3.5 5.4 3.5 1%-35%Other expenses9.0 6.9 0.2 0.0 0.0 Other income0.3 0.0 (0.6) (0.6) (4.2) -86.7%-9.6%EBITDA(1.2) (8.3) -11%-8%-381%EBITDA %-9%-397%0.2 0.2 0.2 11%1%Depreciation0.5 0.4 0.2 0.4 - Finance costs0.6 0.0 (1.0) (1.3) (4.4) -78%-23%PBT(2.2) (8.7) -19%-16%-400%PBT %-17%-417%- - - Tax Expenses- - (1.0) (1.3) (4.4) -78%-23%PAT(2.2) (8.7) (0.0) (0.0) 0.0 Other Comprehensive Income(0.0) 0.0 (1.0) (1.3) (4.4) -78%-23%Total Comprehensive Income(2.2) (8.7) ORIPL Standalone (₹ Cr) 6 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 190 stores with a total 14.70 Lacs Square Feet in over 41 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. 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.
Nov-21
| RP-Sanjiv Goenka Group Presentation
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Spencer’s Retail Limited
H1 FY22 – Highlights: Improvement in Profitability by ₹48 Crore (H1FY22 vs H1FY21)
2.4x GMV Growth in Omni Channel business (H1FY22 vs H1FY21)
Q2 FY22 – Highlights: Improvement in Profitability by ₹16 Crore (Q2FY22 vs Q2FY21)
1.7x GMV Growth in Omni Channel business (Q2FY22 vs Q2FY21)
Kolkata: Nov 12, 2021: Spencer’s Retail Ltd reported standalone turnover of ₹507 crore and Gross Margin of 19.8% for quarter ended Sep 30, 2021. Spencer’s operates with 155 Stores with a total trading area of 13.69 Lacs square feet as on Sep 30, 2021.
Natures Basket Ltd reported standalone turnover of ₹75 crore and Gross Margin of 29.7% for the quarter ended Sep 30, 2021. Natures Basket operates with 35 stores with a total trading area of 1.03 Lacs square feet as on Sep 30, 2021. Natures Basket continues to be EBITDA positive on quarter on quarter basis.
Unaudited Consolidated Financial Results for the quarter ended Sep 30, 2021:
Revenue for the quarter ₹ 582 Cr & Gross Margin ₹ 123 Cr at 21.1% EBITDA ₹26 Cr PBT (-) ₹29 Cr, reflecting 237 bps YoY recovery (from (-)7.3% Q2FY21 to (-)4.9% Q2FY22) ORIPL our OMNI Channel Business witnessed 1.7x GMV growth & improved its profitability by
78%.
Unaudited Consolidated Financial Results for 6 months ended Sep 30, 2021:
Revenue for the 6 months ended Sep 30, 21 ₹ 1134 Cr & Gross Margin ₹ 236 Cr at 20.8% EBITDA ₹55 Cr PBT (-) ₹52 Cr, reflecting 395 bps YoY recovery (from (-)8.6% Q2FY21 to (-)4.6% Q2FY22) ORIPL our OMNI Channel Business witnessed 2.4x GMV growth & improved its profitability by
74%.
Mr. Shashwat Goenka, Sector Head, said, “The lockdown was eased in September quarter and our operational hours also improved as compared to previous quarter. Spencer’s standalone performance witnessed sales growth of 7% vs Q1 owing to improvement in sales of non-food category led by General Merchandise and Apparel.
Mr. Goenka added, “We also continue to see a strong momentum in our OMNI Channel business for the second quarter with 1.7x growth over last year.”
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 190 stores (including Natures Basket) with a total 14.7 Lacs Square Feet in over 41 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. 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.