Spencer's Retail Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

Spencer's Retail has announced a board meeting on May 15, 2025, approving the audited consolidated financial results for the quarter and half-year. The group posted revenue of ₹1,995.20 Cr and narrowed its net loss to ₹246.36 Cr from last year’s ₹266.15 Cr. The company is restructuring by cutting back in South and NCR markets while opening selective new stores to boost margins. It confirmed strong backing via unutilized credit lines and promoter support. M/s. Manoj Shaw & Co. joins as secretarial auditors for five years from FY 2025-26.