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Spencer's Retail Limited Q2 FY26 results deck summary

NSE: SPENCERS · BSE: 542337

Results deck of 10 Nov 2025, summarised by AI from the filing.

Consolidated revenue ₹445 cr in Q2 FY26, up 7% QoQ but down 14.1% YoY; EBITDA ₹0 cr.

Key takeaways

  1. Revenue Consolidated revenue from operations ₹445 cr (Q2 FY25: ₹518 cr, -14.1%; Q1 FY26: ₹416 cr, +7.0%).
  2. EBITDA Consolidated EBITDA ₹0 cr (Q2 FY25: ₹16 cr; Q1 FY26: ₹5 cr), EBITDA margin 0.1%.
  3. Gross margin Consolidated gross margin 21.0% (Q2 FY25: 17.3%; Q1 FY26: 20.8%).
  4. Online Online grew 53%, driven by higher number of orders, customers and frequency.
  5. Risk Consolidated revenue declined year-on-year as store footprint at Spencer's was wider in Q2 LY.

Original filing on BSE

Spencer's Retail Limited Q1 FY27 results

As filed: Revenue ₹469 cr (+13% year on year), EBITDA ₹7.6 cr, PAT −₹60.5 cr, EBITDA margin 1.6% (+330 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹436 cr (+6% year on year), EBITDA −₹7.1 cr, PAT −₹65.6 cr, EBITDA margin -1.6% (+104 bps). Score 45 of 100, In line with trend. Revenue growth was above the company's own trend. EBITDA margin rose 104 bps year on year. Revenue fell 13% from last quarter. Share price after the results: −1.3% in 29 days (Nifty 500: +2.4%).
  • Q3 FY26: Revenue ₹503 cr (−3% year on year), EBITDA ₹6.7 cr (−48% year on year), PAT −₹58.4 cr, EBITDA margin 1.3% (−118 bps). Score 15 of 100, Below trend. Revenue growth was in line with the company's own trend. EBITDA margin fell 118 bps year on year. Share price after the results: −21.4% in 28 days (Nifty 500: −4.0%).
  • Q2 FY26: Revenue ₹445 cr (−14% year on year), EBITDA −₹4.0 cr, PAT −₹64.0 cr, EBITDA margin -0.9% (+760 bps). Score 45 of 100, In line with trend. Revenue growth was well below the company's own trend. EBITDA margin rose 760 bps year on year. Share price after the results: −9.3% in 30 days (Nifty 500: −0.8%).
  • Q1 FY26: Revenue ₹416 cr (−24% year on year), EBITDA −₹7.0 cr (−300% year on year), PAT −₹62.0 cr, EBITDA margin -1.7% (−205 bps). Score 15 of 100, Below trend. Revenue growth was well below the company's own trend. EBITDA margin fell 205 bps year on year. Share price after the results: −6.1% in 30 days (Nifty 500: −2.4%).
  • Q4 FY25: Revenue ₹412 cr (−25% year on year), EBITDA −₹11.0 cr, PAT −₹68.0 cr, EBITDA margin -2.7% (−48 bps). Score 24 of 100, Below trend. Revenue growth was well below the company's own trend. EBITDA margin fell 48 bps year on year. Revenue fell 20% from last quarter. Share price after the results: −4.9% in 29 days (Nifty 500: +0.5%).
  • Q3 FY25: Revenue ₹517 cr (−21% year on year), EBITDA ₹13.0 cr (0% year on year), PAT −₹47.0 cr, EBITDA margin 2.5% (+53 bps). Score 22 of 100, Below trend. EBITDA margin rose 53 bps year on year. Not enough history for a trend yet: scored on growth alone.
  • Q2 FY25: Revenue ₹518 cr (−10% year on year), EBITDA −₹44.0 cr, PAT −₹87.0 cr, EBITDA margin -8.5% (−745 bps). Score 9 of 100, Below trend. EBITDA margin fell 745 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 5% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Spencer's Retail Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.