Key takeaway: Spencer's Retail Limited reported strong financial results for the quarter ended June 30, 2026, with a 13% year-on-year sales growth, reaching ₹469 crore compared to ₹416 crore in the same quarter last year. The company achieved a twofold improvement in EBITDA, amounting to ₹9.4 crore, which is 2% of sales, up from ₹4.7 crore (1.1% of sales) in the previous year. Management highlighted that this marks the second consecutive quarter of growth, driven by a 50% increase in online business and a 14% growth in offline sales. Gross margins remained steady at 19%, while operational expenses decreased by 5% year-on-year. Chairman Mr. Shashwat Goenka noted the effectiveness of their strategy in driving sales and improving efficiencies. The presentation also detailed the performance of Natures Basket, which experienced a decline in year-on-year sales but showed an 8% growth quarter-on-quarter.

Key takeaway: Spencer's Retail Limited reported a respectable Q4 FY26, achieving a 6% growth in consolidated sales to INR 436 crores compared to INR 412 crores in Q4 FY25. The company maintained margins at 18.8%, slightly down from 19% year-on-year. For the full year, consolidated sales were INR 1,800 crores, reflecting a 10% decline due to the exit from 49 stores in FY25. The Spencer's format specifically saw an 8% growth in Q4, with sales reaching INR 380 crores. Management highlighted successful inventory optimization and a rewards program that increased customer engagement. The online business grew by 37% year-on-year, closing at INR 200 crores. Nature's Basket faced internal challenges, with management acknowledging the need for inventory synchronization and a leadership change to drive growth. Overall, management expressed confidence in sustaining growth momentum and achieving EBITDA breakeven in FY27.

Key takeaway: Spencer's Retail Limited reported a 6% year-over-year growth in sales for Q4 FY26, reaching Rs 436 crores compared to Rs 412 crores in the same quarter last year. The company achieved an 8.1% growth in sales at Spencer's, although overall sales for FY26 decreased by 9.8% to Rs 1800 crores. Spencer's margins were reported at 17.4%, slightly down from 17.8% in Q4 FY25, attributed to accounting treatment of membership costs. The company noted a reduction in operating expenses, which fell to Rs 61 crores from Rs 62 crores in Q4 FY25. EBITDA for Q4 was Rs 13.5 crores, an increase from Rs 9.8 crores in the previous year. Natures Basket experienced a decline in sales, with a 9% decrease year-over-year. The presentation highlighted improvements in gross margins and operational efficiencies, despite challenges from closed stores and reduced overall revenue.

Key takeaway: Spencer's Retail Limited held its Q3 FY26 earnings conference call on February 9, 2026, where management provided insights into the company's performance. CEO Anuj Singh reported a 13% quarter-on-quarter growth, although there was a marginal year-on-year decline of 2.7% due to a split festive season. The company maintained strong gross margins at 20% and achieved an EBITDA of INR 8 crores, up from zero in the previous quarter. Online sales grew by 27% year-on-year, with positive unit economics for the first time. The membership program launched in July 2025 has shown promising results, with members spending significantly more than non-members. Management expressed confidence in stabilizing offline sales and continuing online growth, while also addressing operational efficiencies and inventory management. Nature's Basket experienced a slight decline in margins but showed improvement in operating expenses. Overall, management highlighted a solid performance and a focus on growth strategies moving forward.

Key takeaway: Spencer's Retail Limited reported its Q3 FY26 results, highlighting a quarter-on-quarter sales increase of 13.0% to Rs503 crores, although year-on-year sales decreased by 2.7% due to a split festive season. Management noted improved margins at 20.0%, up from 19.6% in Q2 and 19.7% in Q3 of the previous year. The overall expenses rose to Rs69 crores, attributed to a one-off charge related to the New Labour Code. EBITDA for the quarter was Rs15.4 crores, representing 3.7% of sales, compared to Rs12.7 crores in Q2. The presentation also detailed a 19% QoQ growth in sales at Natures Basket, despite a 6% YoY decline. The company added one new store, maintaining a total of 90 stores. Management acknowledged the impact of increased employee expenses and lower other income on financial performance.