Intimation To Shareholders Under Reg. 36(1)(b) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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Spencer's Retail Limited has informed shareholders about its 8th Annual General Meeting scheduled for Thursday, September 11, 2025, at 3:00 PM via video conferencing, along with the circulation of its Integrated Annual Report for FY2024-25 through electronic mode. The Annual Report reveals a significant turnaround story: consolidated revenue declined 15% to ₹1,995 Crores as the company exited underperforming stores in NCR and South India, but EBITDA jumped four-fold from ₹14 Crores to ₹60 Crores, with EBITDA margin improving to 3% and operating costs reduced by approximately 19%. Loss before tax narrowed to ₹247 Crores from ₹267 Crores. The company also launched JIFFY, a 30-minute quick-commerce platform, in January 2025, which recorded 67,000+ transacting users, 58% user growth, and an average order value of ₹760 in its first full quarter.
This is a routine regulatory filing for the AGM and annual report disclosure, but the underlying annual report signals a meaningful operational turnaround with EBITDA quadrupling despite revenue contraction. Shareholders will have the opportunity at the AGM to question management on the strategic reset, path to operational breakeven targeted for 2025-26, and continued losses at the bottom line.