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Spencer's Retail Q2 FY27 results are out (Jul–Sep 2026) →Revenue ₹462 CrSee revenue, profit and what management said. You are viewing Q4 FY26.
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Spencer's Retail

Q4 FY26Retailing

Spencer's Retail Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management said on revenue, margins and capex.

Revenue
₹436Cr
+5.8% YoY
Net profit
−₹66Cr
Q4 FY25: −₹68 Cr
Margin
−1.6%
+1.2 pp YoY
Price₹31
Market cap₹274 Cr

The short version

Spencer's Retail delivered 8% growth in Q4 FY'26, powered by both online (50% of growth) and offline channels. Spencer's Retail aims to achieve EBITDA breakeven at an operational level in FY'27, marking the first key milestone. - Post breakeven, the focus will shift to driving profitable growth, targeting a 2-3% positive EBITDA. - Growth will be driven by improving store productivity (targeting INR 2,000 per sq.

From Spencer's Retail's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

  • Spencer's Retail delivered 8% growth in Q4 FY'26, powered by both online (50% of growth) and offline channels.
  • Online business grew 37% YoY, closing at INR 200 crores with a robust ABV of INR 760 per order and about 2.15 lakh orders per month.
  • Offline growth driven by increased average bill values (ABV), especially via the membership program, boosting repeat purchase frequency.
  • Nature’s Basket aims to drive growth in the next two quarters, focusing on inventory optimization, membership program expansion (currently ~9,000 members), and better SKU availability, especially fresh categories.
  • No major store expansion planned; growth expected via same-store sales and higher sales per square foot, with selective new store additions mainly in Spencer's cluster cities.

2 more points from Spencer's Retail's call on revenue

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Profitability & Margins

See what Spencer's Retail said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Focus remains on improving efficiencies and same-store sales growth.
  • Plans to add 3-4 new Spencer's stores in the current year, primarily relocations or existing geographic cluster expansions rather than broad network growth.
  • Investment in enhancing online business capabilities, including pilots for marketplace listings for Nature's Basket in Calcutta and Bangalore.
  • Augmenting Spencer's loyalty program with new membership tiers (platinum and diamond) offering additional rewards and delivery benefits.

2 more points from Spencer's Retail's call on capex

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Top-ranked in Retailing

Ranked on what management guided this quarter

Guidance-ranked
1V2 Retail
Rev 1Mar 3
2Rentomojo
Rev 1Mar 3
3
Rev 2Mar 1
4
Rev 2Mar 1
5
Rev 2Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Spencer's Retail said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Relevant operational insights related to order volumes include: - Spencer's e-commerce business processed approximately 2.6 million orders in FY26 (~215,000 orders per month). - Average order value (AOV) for e-commerce is INR 760. - Online orders contribute significantly to growth, with 50% growth on online channels during Q4.

2 more points from Spencer's Retail's call on order book

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Spencer's Retail — Quarterly revenue & net profit

Revenue Net profit Net loss
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Spencer's Retail Q4 FY26 results — key figures

Spencer's Retail Q4 FY26 reported results vs Q4 FY25, ₹ crore
₹ CrQ4 FY26Q4 FY25YoYQ3 FY26QoQ
Revenue436412+5.8%503-13.3%
Operating profit (EBITDA)-7-11—7-200%
Operating margin-1.6%-2.8%+1.2 pp1.3%-2.9 pp
Profit before tax-66-68—-58—
Net profit (PAT)-66-68—-58—
EPS (₹)-7.28-7.59—-6.47—

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 →

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What Spencer's Retail's management said in earlier quarters

Earlier calls (8)

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Frequently Asked Questions

What were Spencer's Retail Q4 FY26 results?

Spencer's Retail delivered 8% growth in Q4 FY'26, powered by both online (50% of growth) and offline channels. Spencer's Retail aims to achieve EBITDA breakeven at an operational level in FY'27, marking the first key milestone. - Post breakeven, the focus will shift to driving profitable growth, targeting a 2-3% positive EBITDA. - Growth will be driven by improving store productivity (targeting INR 2,000 per sq.

What is Spencer's Retail share price analysis?

Spencer's Retail currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹274 Cr. Investors should review the full earnings analysis for detailed insights.

Is Spencer's Retail planning capital expenditure?

Focus remains on improving efficiencies and same-store sales growth.

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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.