Spencer's Retail Ltd. · NSE:SPENCERS
Spencer's Retail — Q2 FY25 Earnings Presentation
12 slides from Spencer's Retail's earnings presentation, Nov 6, 2024
Slide 1: Exchange filing cover letter for investor update
SRL:SEC:SE:2024-25/69 November 6, 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/Mad
Slide 2: Press release: Q2 FY25 financial results highlights
Spencer’s Retail Limited Kolkata: Nov 6, 2024 Unaudited Consolidated Financial Results Highlights for the quarter ended Sep 30, 2024: Revenue for the quarter ₹ 518 Cr Gross Margin ₹ 90 Cr at 17.3% Improvement in EBITDA, ₹16 Cr (₹(-)4 Cr LY Q2) and PBT (-)87 ₹ Cr Opened 1 store during the qua
Slide 3: Earnings Presentation Q2 FY25
Earnings Presentation Q2 FY25 Nov-24 | RP-Sanjiv Goenka Group Presentation 1
Slide 4: Key Consolidated performance highlights Q2
Key Consolidated performance highlights Q2 • Discontinued operations across 47 Stores of NCR & South Region that resulted in • (-) 9.8% YoY de-growth at consolidated level • (-)11.3% YoY de-growth at Spencers Standalone • Revenue from continued operations (UP & East) at Spencers Standalone was 3.7%
Slide 5: Key Consolidated performance highlights H1
Key Consolidated performance highlights H1 • Revenue de-growth by (-) 6.8% on YoY basis • Spencers de-growth (-)8.3% YoY, with operating regions growing by 4% • Spencers online grew by 23% YoY • Natures Basket grew by 4% YoY • GM% is lower by 142bps at 18.94% • Spencers down by 180bps at 17.5%, impa
Slide 6: Business Highlights
Business Highlights Nov-24 | RP-Sanjiv Goenka Group Presentation 4
Slide 7: Business Highlights
Business Highlights Nov-24 | RP-Sanjiv Goenka Group Presentation 5
Slide 8: Consolidated Financial Parameters FY25
Consolidated Financial Parameters FY25 Quarter Quarter Revenue from Operation (₹ Cr) Gross Sales per Sq ft (₹) 574 15800 15600 548 518* 15000 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 Gross Margin (%) EBITDA (₹ Cr) 21.1% 29.5 20.5% * 17.3% 16.1 (3.6) Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 * Lower
Slide 9: SRL Standalone results: planned closures, growth in East & UP
Top-line & GM% impacted by Planned closures, delivered healthy growth in East & UP and on cost optimization. 3 months ended Growth 6 months ended SRL Standalone (₹ Cr) 30-Sep-24 30-Jun-24 30-Sep-23 Y-o-Y Q-o-Q 30-Sep-24 30-Sep-23 1 1 2 New Stores added 2 2 98 136 135 Total Store count 98 135 0.09 0.
Slide 10: Consistently delivering Business Growth QoQ (NBL Standalone)
Consistently delivering Business Growth QoQ 3 months ended Growth 6 months ended NBL Standalone (₹ Cr) 30-Sep-24 30-Jun-24 30-Sep-23 Y-o-Y Q-o-Q 30-Sep-24 30-Sep-23 33 33 32 Total Store count 33 32 1.16 1.16 0.98 TA exit (Lac sq.ft) 1.16 0.98 75 72 74 1% 4% Revenue from operations 147 142 54 52 53 2
Slide 11: Improved EBITDA on a lower footprint
Improved EBITDA on a lower footprint 3 months ended Growth 6 months ended Consolidated (₹ Cr) 30-Sep-24 30-Jun-24 30-Sep-23 Y-o-Y Q-o-Q 30-Sep-24 30-Sep-23 518 548 574 -9.8% -5.5% Revenue from operations 1,066 1,144 Expenses: 428 436 453 Cost of Goods Sold 864 911 90 112 121 -26% -20% Gross Margin 2
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