Spencer’s Retail reduces Q4, FY25 consolidated net loss to Rs 684 million
16 May, Mumbai 2025
A company under the RP Sanjiv Goenka Group, Spencer’s Retail reduced its consolidated net loss to Rs 684 million in Q4, FY25 ending March 2025.
This marks an improvement from the Rs 807 million loss incurred during the January-March period of the previous year, according to a regulatory filing.
However, the company’s revenue from operations decreased to Rs 4.12 billion in the March quarter, from Rs 5.47 billion a year prior. Total expenses also declined by 22.2 per cent, to Rs 4.92 billion for the quarter. Total income, including other income, contracted by 23.22 per cent to Rs 4.23 billion.
For the full fiscal year 2025, Spencer’s Retail narrowed its net loss to Rs 2.46 billion, compared to a loss of Rs 2.66 billion in the previous fiscal year. Total income declined to Rs 20.99 billion from Rs 23.71 billion.
According to the company, the decrease in the company’s revenue was due to the closure of 47 Spencer’s stores in the second quarter.
Shashwat Goenka, Chairman, avers, Spencer’s delivered strong operational performance for FY25 as a result of the strategic decisions and actions taken in the first half to focus on key geographic areas and optimize costs in line with the resulting scale.
He adds, the results of these actions were evident in the second half, with all key operational metrics improving and leading to a significant (4X) improvement in EBITDA for fiscal year 2025.
Goenka believes, this positions the company well to drive growth across both Natures Basket and Spencer’s, in both their physical stores and online platforms.
Spencer’s launched its quick delivery service, JIFFY, in Kolkata in January and has seen positive results with strong growth in both orders and user numbers.
The company is expanding this to a few other cities in Uttar Pradesh and West Bengal in the current fiscal year, he states.
