Spencer's Retail Q4 loss narrows to Rs 68 crore
Spencer's Retail Ltd reported narrowing of its consolidated net loss to Rs 68 crore ($8 million) for the March quarter of financial year 2025, as against loss of Rs 81 crore in the year-ago quarter.
The company's revenue for the quarter was down to Rs 412 crore, as against Rs 547 crore in the corresponding quarter of the previous fiscal year.
For the financial year 2025, Spencer's Retail narrowed its net loss to Rs 246 crore from Rs 266 crore a year ago while its total income was down Rs 2,098 crore as against Rs 2,370 crore earlier.
The company attributed the drop in topline to closure of 47 stores in the second quarter of FY25.
Commenting on the results, Shashwat Goenka, chairman of Spencer's Retail in a statement said, 'Spencer's delivered a strong operational performance for FY25 on the back of the strategic decisions and actions taken in H1 to focus on key geographies and optimize the costs in line with the resulting scale. The results of these actions flowed through in H2 with all key operational metrics improving and yielding a significant improvement in EBITDA for FY 25.'
'This puts the company in a good shape to drive growth across Natures Basket & Spencer's, both in the offline and online verticals,' he added.
Spencer's Retail is a multi-format retailer offering products across categories such as FMCG, fashion, general merchandise, personal care, home essentials among others.
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