Spencer's Retail Limited has informed the Exchange regarding Notice calling the Eighth Annual General Meeting and the Integrated Annual Report for the Financial Year 2024-25
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Spencer's Retail has informed the exchanges about its Eighth AGM scheduled for Thursday, September 11, 2025, at 3:00 PM via video conferencing, along with the Integrated Annual Report for FY 2024-25, being sent to shareholders electronically. The annual report highlights consolidated revenue of ₹1,995 Crores (down 15% YoY) due to the exit from underperforming NCR and Southern India stores, but EBITDA jumped four-fold to ₹60 Crores from ₹14 Crores, with margins improving to 3%. Loss before tax narrowed to ₹247 Crores from ₹267 Crores. The company also launched JIFFY, a 30-minute quick delivery platform in January 2025, now serving Kolkata, Lucknow and Varanasi with 67,000 monthly transacting users and a ₹760 average order value. Standalone Spencer's revenue stood at ₹1,701 Crores while Natures Basket posted ₹294 Crores with a 6.4% EBITDA margin.
This is primarily a regulatory filing for the AGM and annual report circulation, but it signals a strategic turnaround in progress — top-line sacrifice for sharper profitability, with EBITDA quadrupling and a clear path to operational breakeven targeted for 2025-26. Shareholders should watch for the September 11 AGM for any further strategic announcements and vote on resolutions.