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Incorporated in 2017, Spencer’s Retail Ltd develops, conducts, and promotes organized retail. It operates departmental and neighborhood stores under various formats across the country
Spencer's Retail reported strong quarterly revenue of Rs 469 Cr (+13% YoY), with consolidated EBITDA doubling to Rs 9.4 Cr (2% of sales). Spencer's segment revenue grew 18% YoY, driven by 49% online growth and 14% offline growth via a successful membership program. Online unit economics turned profitable. Natures Basket...