What we do Spencer's Retail Limited is a leading Indian multi-format retailer in FMCG, fashion, groceries, and general merchandise, operating over 190 stores across 42 cities. |
Founded in 2,017 |
Market share Among the top players in Indian FMCG retail with presence in major cities and a strong brand recall. |
Problem solved Provides consumers convenient access to quality food, grocery, and lifestyle products under one roof through modern retail formats. |
Top clients or who we serve Serves urban Indian consumers in 42 cities through B2C retail stores and omni-channel platforms. |
Key management Mr. Shashwat Goenka, Chairman, providing strategic leadership to the RP-Sanjiv Goenka Group owned company. |
Our journey and innovations Established first hypermarket in 2000; acquired Natures Basket in 2019; launched luxury Artisan Pantry and quick commerce platform JIFFY recently. |
Where we operate Operates stores in 42 Indian cities including western region post Natures Basket acquisition; also e-commerce through subsidiary ORIPL. |
Top products or what we offer Multi-category products including FMCG, fashion, staples, gourmet foods, personal care, electronics, and specialty sections like wine and patisserie. |
Top brands Spencer's hypermarkets and supermarkets, Natures Basket gourmet and organic stores, Artisan Pantry luxury groceries, JIFFY express delivery platform. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily driven by retail sales with cyclicality aligned to consumer spending and festive seasons. |
Our industry position Well-established brand with growing footprint; improving operational efficiencies amidst challenging market conditions. |
Financial highlights FY 2025 consolidated revenue Rs 2099 Cr; EBITDA improved to Rs 60 Cr; net loss reduced to Rs -246 Cr; positive EBITDA trend. |
Geographical revenue split Revenue generated mainly from 42 Indian cities across east, west, and southern regions. |
Order book - |
Whats driving growth Store expansions, omni-channel delivery growth, new luxury format launches, operational efficiencies, and strategic acquisitions. |
Our future plans Opening new stores, expanding quick commerce JIFFY, growing omni-channel reach, enhancing product categories and service offerings. |
Our green promise Supports green initiatives through digital communications and reduced paper use; focused on sustainable operational practices. |
Our people and values Commitment to employee welfare, inclusion, and ethical conduct with code of ethics and zero tolerance for harassment. |
Key challenges ahead Recovering from losses, managing operating costs, competition in retail, and navigating regulatory and labor code impacts. |
Interesting facts Launched India’s first hypermarket in 2000; part of RP-Sanjiv Goenka Group; pioneer in luxury grocery segments. |
Risks and strategy Mitigates risks via diversified retail formats, cost controls, omni-channel growth, and strong governance. |
