Spencer’s Retail Ltd reported a widening of its consolidated net loss to ₹61.6 crore for the quarter ended June 30, 2025 (Q1 FY26), compared to a loss of ₹43.4 crore in the same period last year. The company faced pressure on both revenue and margins as consumer sentiment remained sluggish.
Key Financial Highlights – Q1 FY26 (Consolidated):
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Revenue from Operations: ₹415.8 crore vs ₹548.3 crore YoY (▼24.2%)
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Total Income: ₹427.2 crore vs ₹576.5 crore YoY (▼25.9%)
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Total Expenses: ₹488.9 crore vs ₹619.9 crore YoY
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Loss Before Tax: ₹61.7 crore vs ₹43.5 crore YoY
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Loss After Tax: ₹61.6 crore vs ₹43.4 crore YoY
Observations:
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Purchase of stock-in-trade continued to be the largest cost component at ₹313.3 crore.
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Finance costs stood at ₹40.1 crore and depreciation at ₹26.3 crore.
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Other income saw a steep decline to ₹11.4 crore from ₹28.2 crore YoY.
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Deferred tax credit of ₹5.8 crore provided a marginal cushion.
Outlook:
Spencer’s continues to battle tough market conditions amid tepid consumer demand and operational inefficiencies. The company is expected to realign its strategy, focusing on cost optimization and improved inventory management to narrow losses in coming quarters.
