Spencer's Retail Ltd. · NSE:SPENCERS
Spencer's Retail — Q3 FY24 Earnings Presentation
16 slides from Spencer's Retail's earnings presentation, Feb 1, 2024
Slide 1: Exchange filing cover letter for Q3 FY24 investor updates
SRL:SEC:SE:2023-24/86 February 1, 2024 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: Q3 FY24 Highlights: Consolidated Business growth of 14% QoQ
Spencer’s Retail Limited Kolkata: February 1, 2024 Q3 FY24 – Highlights: Consolidated Business growth of 14% QoQ & 2.4% YoY Improvement in EBITDA by 248bps (16 crore) on YoY basis ORIPL business grew by 10% on YoY basis at GMV of 85cr, Express delivery proposition in Kolkata grew by 28% Nature's Bas
Slide 3: Earnings Presentation Q3 FY24
Earnings Presentation Q3 FY24 Jan-24 | RP-Sanjiv Goenka Group Presentation 1
Slide 4: Key Consolidated performance highlights
Key Consolidated performance highlights • Consolidated Business growth of 14% on QoQ basis and 2.4% on YoY basis with a Gross margin % of 20.3% • Spencers on a standalone basis has delivered • 14% growth QoQ basis with a Gross Margin % of 18.9% • 1.2% growth YoY basis with marginal increase in Gross
Slide 5: Key Consolidated performance highlights
Key Consolidated performance highlights • Our OMNI Channel Business sustaining positive EBITDA at a GMV of ₹85crore for Q3FY24. • Our Express delivery proposition for our Online Business in Kolkata has witnessed growth of 28% QoQ basis. • Nature's Basket unveils Artisan Pantry: A Gourmet haven in Mu
Slide 6: Spencers Highlights
Spencers Highlights Jan-24 | RP-Sanjiv Goenka Group Presentation 4
Slide 7: Spencers Highlights
Spencers Highlights Refurbished the entire Store in Kolkata Quest Mall to provide an elevated shopping experience Jan-24 | RP-Sanjiv Goenka Group Presentation 5
Slide 8: Natures Basket Highlights
Natures Basket Highlights Nature's Basket unveils Artisan Pantry: A new format for luxury grocery retail in India Jan-24 | RP-Sanjiv Goenka Group Presentation 6
Slide 9: Natures Basket Highlights
Natures Basket Highlights Launch of Natures Basket Store in Mumbai Jan-24 | RP-Sanjiv Goenka Group Presentation 7
Slide 10: Consolidated Financial Parameters FY24
Consolidated Financial Parameters FY24 Quarter Quarter Revenue from Operation (₹ Cr) Gross Sales per Sq ft (₹) 639 654 18400 574 16900 16700 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Gross Margin (%) Trading Area (Mn Sq ft) 21.1% 1.44 20.3% 19.9% 1.35 1.37 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 G
Slide 11: Consolidated Financial Parameters FY24
Consolidated Financial Parameters FY24 9M 9M Revenue from Operations (₹ Cr) Gross Sales per Sq ft (₹) 1,909 16800 16400 1,798 FY23 FY24 FY23 FY24 Gross Margin (%) Trading Area (Mn Sq ft) 20.3% 20.3% 1.44 1.37 FY23 FY24 FY23 FY24 Gross Sales per sqft calculated on Annualised Basis Jan-24 | RP-Sanjiv
Slide 12: Strong Business growth of 14% coupled with EBITDA improvement
Strong Business growth of 14% coupled with EBITDA improvement 3 months ended Growth 9 months ended SRL Standalone (₹ Cr) 31-Dec-23 30-Sep-23 31-Dec-22 Y-o-Y Q-o-Q 31-Dec-23 31-Dec-22 Growth of 1.2% on YoY 1 2 1 New Stores added 3 5 basis despite having 132 135 150 Total Store count 132 150 lower net
Slide 13: Sales growth driven by mix & margin led EBITDA improvement
Sales growth driven by mix & margin led EBITDA improvement 3 months ended Growth 9 months ended NBL Standalone (₹ Cr) 31-Dec-23 30-Sep-23 31-Dec-22 Y-o-Y Q-o-Q 31-Dec-23 31-Dec-22 Fresh Business 33 32 35 Total Store count 33 35 witnessed good 1.09 0.98 1.08 TA exit (Lac sq.ft) 1.09 1.08 traction 84
Slide 14: ORIPL GMV Growth of 11.9%
ORIPL GMV Growth of 11.9% 3 months ended Growth 9 months ended ORIPL Standalone (₹ Cr) 31-Dec-23 30-Sep-23 31-Dec-22 Y-o-Y Q-o-Q 31-Dec-23 31-Dec-22 85 76 77 9.9% 11.9% Gross Merchandise Value (GMV) 222 228 5.9 5.2 5.3 11.6% 12.5% Revenue from operations 16.4 15.7 2.4 2.2 2.1 15% 8% Employee expense
Slide 15: Consolidated Business Growth of 14% vs Q2FY24
Consolidated Business Growth of 14% vs Q2FY24 3 months ended Growth 9 months ended Consolidated (₹ Cr) 31-Dec-23 30-Sep-23 31-Dec-22 Y-o-Y Q-o-Q 31-Dec-23 31-Dec-22 654 574 639 2.4% 14% Revenue from operations 1,798 1,909 Expenses: 521 453 512 Cost of Goods Sold 1,432 1,521 133 121 127 4% 10% Gross
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