Spencer's Retail Ltd. · NSE:SPENCERS
Spencer's Retail — Q4 FY24 Earnings Presentation
16 slides from Spencer's Retail's earnings presentation, May 10, 2024
Slide 1: Cover letter to stock exchanges for Q4 FY24 investor updates
SRL:SEC:SE:2024-25/19 May 10, 2024 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: Spencer's Q4 and FY24 highlights press release
Spencer’s Retail Limited Kolkata: May 10, 2024 Spencers Q4 Highlights Business growth of (-)1% YoY and 3% growth excluding the impact for closed stores Sustained gross margin % at 18.1% for the quarter by mix management Continued focus on operational efficiencies, sequentially the operations c
Slide 3: Earnings Presentation Q4 FY24
Earnings Presentation Q4 FY24 May-24 | RP-Sanjiv Goenka Group Presentation 1
Slide 4: Key Consolidated performance highlights Q4
Key Consolidated performance highlights Q4 • Consolidated Business growth of 0.6% on YoY basis for Q4FY24 with enhanced Gross margin % of 19.5% • Spencers on a standalone basis has delivered for the quarter • (-)1% growth YoY basis (sustaining) Gross Margin % of 18.1%, • Natures Basket on a standalo
Slide 5: Key Consolidated performance highlights FY24
Key Consolidated performance highlights FY24 • Consolidated Business growth of (-)4.4% on YoY basis for FY24 whilst sustaining Gross margin % of 20.1% • Spencers on a standalone basis has delivered • (-)6% growth due to Store closure in non-strategic locations & also muted SSSG on YoY basis (sustain
Slide 6: E-commerce launch in EUP
E-commerce launch in EUP May-24 | RP-Sanjiv Goenka Group Presentation 4
Slide 7: Spencers Highlights
Spencers Highlights May-24 | RP-Sanjiv Goenka Group Presentation 5
Slide 8: Natures Basket Artisan Pantry expansion
Natures Basket “Artisan Pantry” expansion May-24 | RP-Sanjiv Goenka Group Presentation 6
Slide 9: Natures Basket Highlights
Natures Basket Highlights May-24 | RP-Sanjiv Goenka Group Presentation 7
Slide 10: Consolidated Financial Parameters FY24 (Quarter)
Consolidated Financial Parameters FY24 Quarter Quarter Revenue from Operation (₹ Cr) Gross Sales per Sq ft (₹) 654 18400 16900 16300 543 547 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Gross Margin (%) Trading Area (Mn Sq ft) 1.44 20.3% 19.3% 19.5% 1.37 1.37 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 G
Slide 11: Consolidated Financial Parameters FY24 (12 months)
Consolidated Financial Parameters FY24 12M 12M Revenue from Operations (₹ Cr) Gross Sales per Sq ft (₹) 2,453 2,345 16500 16200 FY23 FY24 FY23 FY24 Gross Margin (%) Trading Area (Mn Sq ft) 20.1% 20.1% 1.44 1.37 FY23 FY24 FY23 FY24 Gross Sales per sqft calculated on Annualised Basis May-24 | RP-Sanji
Slide 12: Muted Growth for Qtr (3% growth on LFL)
Muted Growth for Qtr (3% growth on LFL) 3 months ended Growth 12 months ended SRL Standalone (₹ Cr) 31-Mar-24 31-Dec-23 31-Mar-23 Y-o-Y Q-o-Q 31-Mar-24 31-Mar-23 2 1 2 New Stores added 4 7 Growth of (-)1% on YoY 133 132 151 Total Store count 133 151 despite having lower net 0.11 0.07 0.13 TA added (
Slide 13: Consistent improvement in Sales, Margin & EBITDA
Consistent improvement in Sales, Margin & EBITDA 3 months ended Growth 12 months ended NBL Standalone (₹ Cr) Fresh Business 31-Mar-24 31-Dec-23 31-Mar-23 Y-o-Y Q-o-Q 31-Mar-24 31-Mar-23 witnessed good 34 33 35 Total Store count 34 35 traction & launched 1.20 1.09 1.08 TA exit (Lac sq.ft) 1.20 1.08 n
Slide 14: Sustaining EBITDA at GMV ₹298crore
Sustaining EBITDA at GMV ₹298crore 3 months ended Growth 12 months ended ORIPL Standalone (₹ Cr) 31-Mar-24 31-Dec-23 31-Mar-23 Y-o-Y Q-o-Q 31-Mar-24 31-Mar-23 76 85 76 0.0% -10.3% Gross Merchandise Value (GMV) 298 304 5.2 5.9 5.0 3.8% -11.1% Revenue from operations 21.6 20.8 2.7 2.4 2.4 13% 12% Empl
Slide 15: Sustaining Gross Margins & Controlling Costs
Sustaining Gross Margins & Controlling Costs 3 months ended Growth 12 months ended Consolidated (₹ Cr) 31-Mar-24 31-Dec-23 31-Mar-23 Y-o-Y Q-o-Q 31-Mar-24 31-Mar-23 547 654 543 0.6% -16% Revenue from operations 2,345 2,453 Expenses: 440 521 439 Cost of Goods Sold 1,873 1,960 106 133 105 2% -20% Gros
Slide 16: 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