Spencer's Retail Limited has informed the Exchange about Transcript

Spencer's Retail delivered Q4FY26 consolidated sales of INR436 crores (up 6% YoY) with margins maintained at 18.8%. Full year FY26 sales were INR1,800 crores (down 10% due to store exits) but margins improved 90 bps to 20.5%. Spencer's format showed strong recovery with 8% YoY growth in Q4 (INR380 crores), marking first growth after several quarters. Key growth drivers were inventory optimization, the rewards program (100,000 members contributing 20-22% of sales), and online business growing 37% to INR200 crores with unit economics turning positive. Nature's Basket (31 stores) faced internal challenges with inventory and supply chain issues; leadership changed with new CEO Lakshman. FY27 target is EBITDA breakeven at operational level, with store EBITDA doubling but still below 8% target. INR108 crores debt maturing in H1 FY27, interest rates at 9.5-10.5%. No immediate store expansion planned; 3-4 stores in existing clusters only.