Spencer's Retail Limited — PPTs, 30-07-2025: Investor Presentation

**Financial Highlights:**

Consolidated Q1 FY26 sales were Rs 416 Cr (+1% QoQ, but down YoY due to store footprint). Gross margin improved to 20.8%. Consolidated EBITDA reached Rs 5 Cr (vs. breakeven QoQ), with PBT losses narrowing to Rs (-)62 Cr. Spencer's standalone EBITDA surged 100% YoY and 50% QoQ to Rs 15 Cr, driven by margin control and cost management. Nature's Basket achieved positive EBITDA of Rs 0.8 Cr on 13% QoQ sales growth (Rs 69 Cr) and enhanced margins.

**Strategic Initiatives & Growth Drivers:**

Offline like-for-like sales were flat, while online sales grew 19% from higher orders. The company highlighted efficiency-led EBITDA improvements. Nature's Basket is revamping its offering with 'Bigger&Better' and 'Reimagined' store relaunches, alongside a new app for express delivery.

**Market Position & Competitive Advantage:**

Spencer's targets "MAKES FINE LIVING affordable" with diverse products and specialty sections. Nature's Basket offers multi-cuisine, healthy, and international foods. The combined entity operates 121 stores across 23 cities.

**Investor Implications:**

Strong QoQ and YoY EBITDA gains, particularly in Spencer's standalone and Nature's Basket, signal effective cost and margin discipline. Online growth and strategic store revitalizations indicate positive growth potential from digital and premium segments.