ALFA Finder| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | 13% YoY consolidated revenue growth; Spencer's format led at 18%. |
|---|---|
| Margins | Spencer's steady at 19%; Nature's Basket margins flat amid reset. |
| Demand visibility | Strong retention in membership programs; online demand scaling with better unit-economics. |
| Management confidence | Cautiously optimistic; pivot from cost-efficiency to sales-led EBITDA improvement. |
Growth
Spencer's segment grew 18% YoY; online business grew 49% with positive unit order economics at ₹18 per order.
Outlook
Aiming for 7.5-8% store EBITDA; FY27 growth guided at 25% for online and mid-to-high single digits for offline.
Risks
Nature’s Basket de-grew 13% YoY; high consolidated debt of ₹1266 Cr remains a significant overhang.
Last quarter's promises, checked
Delivered
- Guided H2 growth sustainability → delivered 13% YoY growth in Q1 FY27 (= BEAT)
- Guided 8% store EBITDA target → delivered 7.5-8% store EBITDA (= BEAT)
- Guided online loss reduction → delivered positive unit economics at ₹18/order (= BEAT)
Partly delivered
- Guided membership base expansion → delivered 125,000 members vs 100,000 target (= BEAT)
Missed
- Guided Nature's Basket growth turnaround → delivered 13% YoY de-growth (= MISS)
- Guided debt repayment/refinancing ₹108 Cr in H1 → debt remains high at ₹1266 Cr (= MISS)
Earnings Call Transcript filed with BSE, NSE: SPENCERS. Summary written with AI assistance from the document.
Spencers Retail Ltd: key numbers
- Share price
- ₹22.34
- Market cap
- ₹201.3 Cr
- Revenue (annual)
- ₹1,800 Cr
- Net profit (annual)
- ₹-249.3 Cr
- P/E (TTM)
- -0.8×Sector 66.2×
- Promoter holding
- 58.81%+0.00% QoQ
- FII holding
- 6.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Spencers Retail Ltd
All →Spencers Retail Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue ₹462 Cr (+4%) with EBITDA ₹5.6 Cr vs ₹0.2 Cr LY. Spencer's +7% offsets Nature's Basket -17%; losses persist.
Spencers Retail Q2 FY27 Results: Net Loss of ₹66.3 Cr, Loss Widens
Spencers Retail Ltd reported revenue from operations of ₹462 Cr (+3.8% YoY) and a net loss of ₹66.3 Cr for Q2 FY27.
- Key figure
- Net loss ₹66.3 Cr
Spencers Retail Board Meeting Date
Spencer's Retail Limited will hold a board meeting on November 5, 2026. The board will consider unaudited financial results for the quarter ended September 30, 2026.
Spencers Retail Price Movement Clarification
Spencer's Retail responded to exchange query stating price movement is market-driven with no undisclosed information. The company confirmed full compliance with Regulation 30 of SEBI LODR.
Spencers Retail Other Announcement
Spencers Retail Ltd filed its quarterly shareholding pattern under Regulation 31(1)(b), including disclosures regarding nil shareholding by certain promoter group entities.
Spencers Retail Annual General Meeting
Spencer's Retail Limited held its Ninth Annual General Meeting on September 11, 2026. Shareholders approved all agenda items, including borrowing limit increases and asset charges.