Spencers Retail Ltd (SPENCERS) — concall transcript | 30 June 2026

Spencers Retail reported strong Q1 FY27 growth with consolidated revenue up 13% YoY to Rs. 469 crores, driven by 18% growth in its core Spencer's format and 8% in Nature's Basket. Online orders turned profitable at Rs. 18 per order (from prior Rs. 18 loss), with 49% growth and 67% repeat rates. The membership program reached 125,000 members, contributing one-third of monthly sales with 2x higher retention and 3x higher spend. Store EBITDA improved 2x YoY, targeting 7.5-8% in the near term. Nature's Basket faced temporary setbacks but is being restructured for disciplined execution. Management expects sustained growth, working capital discipline, and inventory optimization for FY27, with debt refinancing underway at Rs. 1,266 crores total consolidated debt.