Spencer's Retail Ltd. · NSE:SPENCERS
Spencer's Retail — Q3 FY25 Earnings Presentation
13 slides from Spencer's Retail's earnings presentation, Jan 16, 2025
Slide 1: Exchange filing cover letter for Q3 investor update
B's AP-Sanjiv Goenka > ie 1S Group rowing Legacies SRL:SEC:SE:2024-25/82 January 16, 2025 National Stock Exchange of India Limited Exchange Plaza, 5" Floor Plot No. C/1, G-Block Bandra-Kurla Complex Bandra (East), Mumbai — 400 051 (Symbol: SPENCERS) Dear Sir / Madam, BSE Limited Phiroze Jeejeebhoy T
Slide 2: Spencers reports a 46% YoY increase in EBITDA; launches JIFFY
Spencer’s Retail Limited Kolkata: Jan 16, 2025 Spencers reports a 46% YoY increase in EBITDA (Rs 17.5 Cr vs Rs 12 Cr in LY Q3). Announces launch of new quick delivery proposition JIFFY Mr. Shashwat Goenka, Chairman, said, “Despite a soft festive trading environment wherein LFL sales growth was flat,
Slide 3: Earnings Presentation Q3 FY25
Earnings Presentation Q3 FY25 Jan-25 | RP-Sanjiv Goenka Group Presentation 1
Slide 4: Q3 performance commentary
Q3 performance commentary... • Soft Festive Quarter (for Industry & us) w.r.t. consumer spends • Spencers delivered a strong efficiency led EBITDA improvement of +46% YoY, (17.5 Cr in Q3 CY vs 12 Cr Q3 LY ) • Muted Growth (LFL growth flat), Offline (-2%), Online (+14%) • Strong growth in Margins 19.
Slide 5: Consolidated Performance for Q3
Consolidated Performance for Q3 * Lower due to impact of closed stores @ SRL * Significant reduction on account of closed stores & successive rounds of support cost optimisation @ SRL
Slide 6: Nine month performance commentary
Nine month performance commentary... • Revenue de-growth by (-) 12% on YoY basis on account of region closure in SRL • Spencer’s de-growth (-)14% YoY, LFL/continuing regions growing by 2%, • Online grew by 20% YTD, Offline grew by 1% YTD • Natures Basket grew by 3% YTD • GM% is marginally down at 19
Slide 7: Business Highlights
Business Highlights Jan-25 | RP-Sanjiv Goenka Group Presentation 5
Slide 8: Efficiency led EBITDA turnaround @ Spencers
Efficiency led EBITDA turnaround @ Spencers • Q2 impact of region exit • YoY 80 bps improvement • Lower due to impact of closed stores • LFL -1% • Full impact of successive • Q2 gain from region exit • YoY 46% improvement rounds of optimisation flowing through Jan-25 | RP-SG Group Presentation 6
Slide 9: +46% YoY increase in EBITDA (4.1% of Sales vs 2.1% in Q3 LY)
+46% YoY increase in EBITDA ( 4.1% of Sales vs 2.1% in Q3 LY) 3 months ended Growth 9 months ended SRL Standalone (₹ Cr) 31-Dec-24 30-Sep-24 31-Dec-23 Q-o-Q Y-o-Y 31-Dec-24 31-Dec-23 - 1 2 New Stores added 2 2 90 98 132 Total Store count 90 132 - 0.13 0.24 TA added (Lac sq.ft) 0.22 0.24 7.80 9.17 12
Slide 10: Business Highlights
Business Highlights • Launch stores in Ahmedabad & Bangalore. • Festive campaign with Bollywood Wives Team • Black Friday Sale Jan-25 | RP-Sanjiv Goenka Group Presentation 8
Slide 11: Modest Q3 @ Natures Basket, YTD & FY Outlook stable
Modest Q3 @ Natures Basket, YTD & FY Outlook stable 3 months ended Growth 9 months ended NBL Standalone (₹ Cr) 31-Dec-24 30-Sep-24 31-Dec-23 Q-o-Q Y-o-Y 31-Dec-24 31-Dec-23 34 33 33 Total Store count 34 33 1.29 1.16 1.09 TA exit (Lac sq.ft) 1.29 1.09 2.3% YoY Growth, YTD 3% Growth 86 75 84 14% 2% Re
Slide 12: Good progress on path to profitability, efficiency measures yielding results
Good progress on path to profitability, efficiency measures yielding results, driving profitable growth to be key priority going forward 3 months ended Growth 9 months ended Consolidated (₹ Cr) 31-Dec-24 30-Sep-24 31-Dec-23 Q-o-Q Y-o-Y 31-Dec-24 31-Dec-23 517 518 654 -0.2% -21.0% Revenue from operat
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