Spencers Retail Ltd
Spencers Retail Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹469Cr
- +12.7% YoY
- Net profit
- −₹60Cr
- Q1 FY26: −₹62 Cr
- Margin
- 1.6%
- +3.2 pp YoY
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What the Q1 FY27 call signalled
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The short version
Consolidated revenue grew 13% YoY to Rs. 469 crores in Q1 FY27, with an 8% QoQ growth, indicating strong momentum. Spencer's Retail expects continued strong growth momentum in FY '27, driven by both offline and online channels.
From Spencers Retail Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Consolidated revenue grew 13% YoY to Rs. 469 crores in Q1 FY27, with an 8% QoQ growth, indicating strong momentum.
- Spencer's offline business expected to grow mid to high single digits.
- Natures Basket anticipated to achieve early double-digit growth from Q3/Q4 FY27 following reset and optimization.
- Online platform "Jiffy" targeting steady full-year growth of around 25%, with improved unit economics and profitability.
- Growth driven by both volume (70% contribution) and average bill value increases (30% contribution), indicating healthy underlying demand.
- Focus on increasing sales per square foot and throughput, especially in Natures Basket.
- Membership program expansion to boost repeat purchases and higher average spends.
2 more points from Spencers Retail Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- No significant new store openings planned for Natures Basket in the current fiscal; focus is on refurbishing existing stores to maintain the premium experiential format.
- Spencer's is not planning large-scale store expansion this fiscal; opening a few relocated and small stores within existing clusters on a calibrated basis.
- Targeted store capex will focus on renovations and driving higher throughput rather than expansion, especially for Natures Basket.
- Future calibrated expansion plans for Spencer's may emerge in FY 2028 once current performance targets are achieved.
2 more points from Spencers Retail Ltd's call on capex
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Top-ranked in Retailing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
2 more points from Spencers Retail Ltd's call on order book
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Spencers Retail Ltd — Quarterly revenue & net profit
Spencers Retail Ltd Q1 FY27 results — key figures
| ₹ Cr | Q1 FY27 | Q1 FY26 | YoY | Q4 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 469 | 416 | +12.7% | 436 | +7.6% |
| Operating profit (EBITDA) | 8 | -7 | — | -7 | — |
| Operating margin | 1.6% | -1.6% | +3.2 pp | -1.6% | +3.2 pp |
| Profit before tax | -60 | -62 | — | -66 | — |
| Net profit (PAT) | -60 | -62 | — | -66 | — |
| EPS (₹) | -6.71 | -6.84 | — | -7.28 | — |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹462 Cr, net loss ₹66 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Spencer's Retail's management said in earlier quarters
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Spencers Retail Ltd Q1 FY27 results?
Consolidated revenue grew 13% YoY to Rs. 469 crores in Q1 FY27, with an 8% QoQ growth, indicating strong momentum. Spencer's Retail expects continued strong growth momentum in FY '27, driven by both offline and online channels.
What is Spencers Retail Ltd share price analysis?
Spencers Retail Ltd currently shows a below-average growth signal. The stock trades at a P/E of N/A with a market cap of ₹220 Cr. Investors should review the full earnings analysis for detailed insights.
Is Spencers Retail Ltd planning capital expenditure?
No significant new store openings planned for Natures Basket in the current fiscal; focus is on refurbishing existing stores to maintain the premium experiential format.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.