Spencer's Retail reported a robust Q1 FY27, with consolidated revenue hitting ₹469 Cr, marking a strong 13% YoY and 8% QoQ growth.

Consolidated EBITDA surged to ₹9.4 Cr, a significant 2X improvement year-on-year.

PBT losses also narrowed to (-)₹60 Cr from (-)₹62 Cr last year.

The positive performance was driven by Spencer's standalone business, which grew 18% YoY.

Its online segment (Jiffy) achieved 50% growth, demonstrating unit order profitability and customer stickiness, while offline grew 14%. Natures Basket also saw 8% QoQ growth.

The online subsidiary, ORIPL, boosted its GMV by 47% YoY, significantly reducing losses by cutting marketing expenses.

Management highlighted that strong sales momentum, coupled with a strategy focused on improving store effectiveness and operational efficiencies through tight cost controls, is paying off.

Recent highlights include award-winning marketing campaigns and strategic collaborations.

The Chairman is confident in sustaining this positive momentum in upcoming quarters.