Spencers Retail's Q1 FY 2025-26 Quarterly Results

Result Summary

• Spencers Retail Ltd reported a 22.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 25.9%.
• Its expenses for the quarter were down by 22.6% QoQ and 21.1% YoY.
• The net profit decreased 23.6% QoQ and increased 41.9% YoY.
• The earnings per share (EPS) of Spencers Retail Ltd declined at 6.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Spencers Retail Ltd is a well-established player in the Indian retail sector, known for its diverse range of products including groceries, apparel, home essentials, and electronics. The company operates through a network of hypermarkets and supermarkets across various regions in India. It caters to a wide customer base by offering a mix of premium and budget-friendly products. As of the latest available data, Spencers Retail Ltd continues to focus on expanding its footprint in the retail industry through strategic partnerships and store openings. However, specific recent major developments or strategic shifts have not been provided in the available data.

Revenue

For the first quarter of fiscal year 2026 (Q1FY26), Spencers Retail Ltd reported a total income of ₹427.25 crores. This marks a decline of 22.5% compared to the previous quarter (Q4FY25) and a 25.9% decrease from the same quarter in the prior year (Q1FY25). This reduction in revenue signifies a sizable contraction in the company’s income during this period. The financial data highlights a significant year-over-year decrease, suggesting challenges in maintaining revenue levels consistent with previous quarters. The decline could be attributed to a variety of factors, including market conditions, consumer demand shifts, or operational adjustments, though specific reasons are not detailed in the data provided.

Profitability

In Q1FY26, the company recorded a profit before tax of -₹61.67 crores, showing a 23.7% improvement from the previous quarter’s loss of -₹80.78 crores. However, this figure represents a 41.8% increase in losses compared to the same quarter of the previous year. The tax expense remained minimal, with a recorded figure of -₹0.06 crores, consistent with Q1FY25, but a 33.3% decrease from Q4FY25. Consequently, the profit after tax for the quarter stood at -₹61.61 crores, reflecting a 23.6% quarter-over-quarter improvement in reducing losses, yet a 41.9% year-over-year increase in loss magnitude. Earnings per share (EPS) for Q1FY26 was -₹6.80, an improvement from the previous quarter’s EPS of -₹9.00 but a decline from the -₹4.80 reported in Q1FY25, indicating considerable fluctuations in profitability over the past year.

Operating Metrics

Spencers Retail Ltd's operating expenses for Q1FY26 were ₹488.92 crores, which is a decrease of 22.6% from the previous quarter and a 21.1% decline year-over-year. The reported decrease in expenses aligns with the overall decline in total income, indicating a proportional adjustment in operating costs. Despite the reduction in expenses, the company continues to report losses, reflecting ongoing operational challenges. The financial data does not provide specific ratios such as the P/E ratio, debt-to-equity ratio, or current ratio, nor does it offer detailed insights into inventory turnover or other specific operational metrics. However, the general trend of reduced expenses alongside declining revenue highlights the need for focusing on efficient operational strategies to improve financial performance.