Spencers Retail Ltd (NSE:SPENCERS)

Q2 2026 Spencer's Retail Ltd Earnings Call Transcript

Nov 11, 2025 / 07:30 AM GMT

Release Date Price: ₹45.56 (-0.98%)

Transcript

Key Points

Positve

Spencers Retail Ltd (BOM:542337) reported a 7% quarter-on-quarter growth at a consolidated level, despite disruptions due to GST changes and unseasonal rains.
The company achieved a 20 basis points improvement in margins, maintaining a steady margin of 21%.
Sales per square foot increased to 1,600 in Q2 FY26 from 1,200 in the same quarter last year, indicating improved efficiency.
The online segment, particularly the Jiffy platform, showed significant growth with a 30% quarter-on-quarter increase and a 50% year-on-year increase.
The My Spencer's rewards program has gained traction, with over 50,000 members and contributing to 20% of sales, enhancing customer loyalty and repeat purchases.

Negative

The company faced supply chain disruptions due to GST changes and unseasonal rains, impacting September sales.
Despite improvements, the EBITDA at a consolidated level remains flat, with challenges in achieving operational break-even due to online business investments.
Nature's Basket segment showed flat revenues quarter-on-quarter, with challenges from increased online competition and supply issues for imported goods.
The company is not planning aggressive store expansions, which may limit offline growth potential.
The online business, while growing, is not yet profitable and requires continued investment, impacting overall financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SPEN.NS - Spencer's Retail Ltd
Q2 2026 Spencer's Retail Ltd Earnings Call
Nov 11, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Spencer's Retail Limited earnings conference call hosted by Bliwala and Karani Security India Private Limited.

As a reminder, all participants' lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Akil.

Thank you and over to you, sir.

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Unidentified_2 [2]
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