Analysts/Institutional Investor Meet/Con. Call Updates

Spencer's Retail reported strong quarterly revenue of Rs 469 Cr (+13% YoY), with consolidated EBITDA doubling to Rs 9.4 Cr (2% of sales). Spencer's segment revenue grew 18% YoY, driven by 49% online growth and 14% offline growth via a successful membership program.

Online unit economics turned profitable.

Natures Basket sales declined 13% YoY, with management focused on a reset plan to improve execution and drive throughput, aiming for double-digit growth by year-end.

Debt stands at Rs 1,266 Cr, with refinancing initiated.

Management is confident in sustaining sales-led EBITDA improvement.