Spencer's Retail Ltd. · NSE:SPENCERS
Spencer's Retail — Q2 FY24 Earnings Presentation
13 slides from Spencer's Retail's earnings presentation, Nov 8, 2023
Slide 1: Exchange filing cover letter: Investor Updates for quarter ended September 30, 2023
SRL:SEC:SE:2023-24/62 November 8, 2023 National Stock Exchange of India Limited BSE Limited (Symbol: SPENCERS) (Scrip Code: 542337) Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Tower Plot No. C/1, G-Block Dalal Street Bandra-Kurla Complex Mumbai – 400 001 Bandra (East), (Scrip Code:542337) Mumbai –
Slide 2: Q2 FY24 Highlights and press release
Spencer’s Retail Limited Q2 FY24 – Highlights: Flat business performance with improvement in Gross Margins % by 65bps Closed 22 High loss making stores, will have positive impact on profitability Launch of the Express Delivery proposition in Kolkata Opened 2 Stores with a combined Trading Area of 17
Slide 3: Earnings Presentation Q2 FY24
Earnings Presentation Q2 FY24 Nov-23 | RP-Sanjiv Goenka Group Presentation 1
Slide 4: Key Consolidated performance highlights
Key Consolidated performance highlights • QoQ growth of 1% with a Gross margin % improvement on YoY and QoQ basis by 65bps and 154bps respectively • Natures Basket has delivered 8% growth and improvement in Gross Margin % by 241bps on QoQ basis • Closed 22 high loss making stores at non-strategic lo
Slide 5: Consolidated Financial Parameters FY24 (Quarter)
Consolidated Financial Parameters FY24 Quarter Quarter Revenue from Operation (₹ Cr) Gross Sales per Sq ft (₹) 16700 570 574 15500 Q1FY24 Q2FY24 Q1FY24 Q2FY24 Gross Margin (%) Trading Area (Mn Sq ft) 21.1% 1.43 19.6% 1.35 Q1FY24 Q2FY24 Q1FY24 Q2FY24 Gross Sales per sqft calculated on Annualised Basi
Slide 6: Consolidated Financial Parameters FY24 (H1)
Consolidated Financial Parameters FY24 H1 H1 Revenue from Operations (₹ Cr) Gross Sales per Sq ft (₹) 1,270 16900 15600 1,144 FY23 FY24 FY23 FY24 Gross Margin (%) Trading Area (Mn Sq ft) 1.49 20.6% 20.4% 1.35 FY23 FY24 FY23 FY24 Gross Sales per sqft calculated on Annualised Basis Nov-23 | RP-Sanjiv
Slide 7: Spencers Highlights
Spencers Highlights Nov-23 | RP-Sanjiv Goenka Group Presentation 5
Slide 8: Natures Basket Highlights
Natures Basket Highlights Nov-23 | RP-Sanjiv Goenka Group Presentation 6
Slide 9: Standalone Business
Standalone Business 3 months ended Growth 6 months ended SRL Standalone (₹ Cr) 30-Sep-23 30-Jun-23 30-Sep-22 Y-o-Y Q-o-Q 30-Sep-23 30-Sep-22 2 1 2 New Stores added 2 2 135 152 157 Total Store count 135 157 0.17 0.03 0.12 TA added (Lac sq.ft) 0.17 0.12 12.56 13.29 13.86 TA exit (Lac sq.ft) 12.56 13.8
Slide 10: Business Growth of 11% vs Q1FY24
Business Growth of 11% vs Q1FY24 3 months ended Growth 6 months ended NBL Standalone (₹ Cr) 30-Sep-23 30-Jun-23 30-Sep-22 Y-o-Y Q-o-Q 30-Sep-23 30-Sep-22 32 34 34 Total Store count 32 34 0.98 1.03 1.05 TA exit (Lac sq.ft) 0.98 1.05 74 67 69 8% 11% Revenue from operations 142 136 53 49 48 9% 7% Cost
Slide 11: ORIPL Standalone
ORIPL Standalone 3 months ended Growth 6 months ended ORIPL Standalone (₹ Cr) 30-Sep-23 30-Jun-23 30-Sep-22 Y-o-Y Q-o-Q 30-Sep-23 30-Sep-22 76 62 78 1x 1.2x Gross Merchandise Value (GMV) 137 151 5.2 5.3 5.4 -3.9% -0.8% Revenue from operations 10.5 10.5 Expenses: 2.2 2.4 1.9 17% -8% Employee expenses
Slide 12: Consolidated Business
Consolidated Business 3 months ended Growth 6 months ended Consolidated (₹ Cr) 30-Sep-23 30-Jun-23 30-Sep-22 Y-o-Y Q-o-Q 30-Sep-23 30-Sep-22 574 570 649 -11.6% 1% Revenue from operations 1,144 1,270 Expenses: 453 458 516 Cost of Goods Sold 911 1,009 121 112 133 -9% 9% Gross Margin 233 261 21.1% 19.6
Slide 13: Thank You
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 electr