Spencer's Retail Limited has informed the Exchange about Earnings Call Transcript for Q4 of F.Y.2024-25
SPENCERS · price
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Awaiting price reaction for this filing.
Spencer's Retail reported consolidated FY25 revenue of ~Rs. 1,995 crores (down 15% YoY due to closure of 47 stores in North and NCR regions), but EBITDA jumped to Rs. 60 crores from Rs. 14 crores in FY24. Operating costs fell by Rs. 50 crores, helping narrow PBT losses to Rs. 246 crores from Rs. 266 crores. Spencer's standalone reported Rs. 1,700 crores revenue and Rs. 53 crores EBITDA (vs. breakeven last year), while Natures Basket stayed flat at Rs. 294 crores due to Q4 supply chain disruptions on imported gourmet products. Management guided to operational EBITDA breakeven for both businesses by end of FY26, with Natures Basket targeting Rs. 320 crores turnover, ~30% margins and ~8% store EBITDA. The Jiffy quick-commerce business saw 58% user growth and 47% order growth, currently doing ~1.8 lakh orders/month with plans to double by FY26 exit.
The shift from losses to positive EBITDA and clearer path to operational breakeven by FY26 is a positive signal, but net debt of ~Rs. 860 crores, ongoing PBT losses and lack of equity raise (citing low market cap) remain key overhangs. Shareholders should note that visible margin trajectory is improving, though balance sheet repair and any capital raise could be material catalysts going forward.