Q1 2026 Spencer's Retail Ltd Earnings Call Transcript
Key Points
- Spencers Retail Ltd (BOM:542337) reported a 119 basis point improvement in EBITDA due to tight control on operating expenses.
- The online segment saw a 20% sales growth year-over-year, driven by an 80% increase in monthly average users.
- Nature's Basket experienced a sequential quarter-on-quarter revenue growth from INR61 crores to INR69 crores.
- The company launched a membership program in July, which attracted 22,000 members, aiming to increase customer retention and average monthly spend.
- Spencers Retail Ltd (BOM:542337) plans to open 8 to 10 new stores in existing clusters, indicating potential for future growth.
- The company reported a PBT loss of INR62 crores, slightly reduced from INR68 crores in the previous quarter.
- Offline sales in continuing regions were flat due to supply issues and deflationary pricing on staples.
- The average selling price (ASP) was down despite higher volumes, impacting revenue.
- The company faces challenges in the quick commerce segment, including fleet management and competitive intensity.
- Spencers Retail Ltd (BOM:542337) has a net debt of INR950 crores, with plans to borrow further to meet financial obligations.
Ladies and gentlemen, good day, and welcome to Spencer's Retail Limited Q1 FY26 earnings conference call hosted by Batlivala & Karani Securities India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Akhil Parekh from Batlivala & Karani Securities. Thank you, and over to you, sir.
Yes. Thanks, Shubham. Good afternoon, everyone. On behalf of B&K Securities, I welcome you all for 1Q '26 Spencer's Retail call.
We have the entire management team of Spencer's, including Mr. Anuj Singh, CEO; Mr. Sandeep Banka, CFO; Mr. Pankaj Kedia.
Without taking much time, I would hand over the call to Anuj sir for his opening remarks, post which we'll open the floor for Q&A session. Over to you, sir.
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