Spencer's Retail Ltd. · NSE:SPENCERS
Spencer's Retail — Q1 FY26 Earnings Presentation
13 slides from Spencer's Retail's earnings presentation, Jul 30, 2025
Slide 1: Exchange cover letter: Investor update for quarter ended June 30, 2025
SRL:SEC:SE:2025-26/24 July 30, 2025 National Stock Exchange of India Limited BSE Limited 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 – 400 051 (Symbol: SPENCERS) Dear Sir/Madam,
Slide 2: Q1 FY26 Results Presentation
Q1 FY 26 Results Presentation 30th July 2025 Jul-25 | RP-Sanjiv Goenka Group Presentation 1
Slide 3: Key Consolidated performance highlights Q1
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 • O
Slide 4: Consolidated Financial Parameters Q1 FY26
Consolidated Financial Parameters Q1 FY26 Quarter 1 Quarter 1 Revenue from Operation (₹ Cr) Gross Sales per Sq ft (₹) 1 % QoQ Growth 548 YoY not LFL given store closures in Q2 LY 1523 1492 412 416 1303 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Gross Margin (%) Margin Improvement on lower sales base
Slide 5: Efficiency led EBITDA improvement (Q-o-Q) @ Consolidated level
Efficiency led EBITDA improvement (Q-o-Q) @ Consolidated level 12 months 3 months ended Growth Consolidated (₹ Cr) ended 30-Jun-25 31-Mar-25 30-Jun-24 Y-o-Y Q-o-Q 31-Mar-25 1% QoQ growth, YoY decline 416 412 548 -24.2% 1.0% Revenue from operations 1,995 Expenses: 329 333 436 Cost of Goods Sold 1,605
Slide 6: Business Highlights
Business Highlights Jul-25 | RP-Sanjiv Goenka Group Presentation 5
Slide 7: Margin & Cost led EBITDA Improvement @ Spencer's in Q1
Margin & Cost led EBITDA Improvement @ Spencer’s in Q1 Sales in ₹ Cr Gross Margin % 19.3% 19.1% 17.8% QoQ Recovery in Margins, in line with LY 476 despite lower sales base QoQ Flat YoY Impact of closed regions 351 346 Q1 LY Q4 LY Q1 CY Q1 LY Q4 LY Q1 CY Operating Exp ₹ Cr EBITDA in ₹ Cr 88 Continued
Slide 8: Spencer's Q1 EBITDA at 15 Crs, up 50% QoQ, ~100% YoY
Spencer’s Q1 EBITDA at 15 Crs, up 50% QoQ, ~100% YoY 12 months 3 months ended Growth SRL Standalone (₹ Cr) ended 30-Jun-25 31-Mar-25 30-Jun-24 Y-o-Y Q-o-Q 31-Mar-25 1 1 1 New Stores added 3 90 89 136 Total Store count 89 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.
Slide 9: Business Highlights
Business Highlights Relaunch of #Bigger&Better Nature’s Launch of Reimagined Nature’s Basket New App & Launch of Express Delivery Basket at Inorbit Mall, Malad @ Oberoi Mall, Goregaon Jul-25 | RP-Sanjiv Goenka Group Presentation 8
Slide 10: 13% QoQ Sales growth, better Margins & Costs @ NB in Q1
13% QoQ Sales growth, better Margins & Costs @ NB in Q1 Sales in ₹ Cr Gross Margin % 28.2% 72 27.6% 25.7% QoQ (+250 bps) & YoY (60 bps) improvement in Q-o-Q 13% growth 69 Margins Y-o-Y Lower due to few closed stores 61 Q1 LY Q4 LY Q1 CY Q1 LY Q4 LY Q1 CY Operating Exp ₹ Cr EBITDA in ₹ Cr 22 23 22 23
Slide 11: Efficiency led EBITDA improvement @ NB in Q1
Efficiency led EBITDA improvement @ NB in Q1 12 months 3 months ended Growth NBL Standalone (₹ Cr) ended 30-Jun-25 31-Mar-25 30-Jun-24 Y-o-Y Q-o-Q 31-Mar-25 1 New Stores added 2 31 32 33 Total Store count 32 0.06 TA added (Lac sq.ft) 0.14 1.18 1.24 1.16 TA exit (Lac sq.ft) 1.24 QoQ Sales growth, YoY
Slide 12: 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
Slide 13: Concall Invite: Spencer's Retail 1QFY26 Results
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.