Spencers Retail Q2 FY27: consolidated revenue up 4%, EBITDA Rs 5.6 crore, PBT loss widens
Q2 FY27 consolidated revenue up 4% to Rs 462.0 crore; EBITDA Rs 5.6 crore vs Rs 0.2 crore, but PBT loss widened to Rs 66.3 crore.
By ScoutQuest · · 1 min read
- Consolidated Revenue
- Q2 FY27 revenue up 4% to Rs 462.0 crore from Rs 445.1 crore
- EBITDA
- Rs 5.6 crore (1.2% of sales) vs Rs 0.2 crore; up 116 bps
- PBT Loss
- Widened to Rs (66.3) crore from Rs (63.9) crore
- Period
- Q2 FY27 (quarter ended 30-Sep-26)
- Positioning
- A multi-format grocery retailer: Spencer's at 90 stores, Nature's Basket at 30 stores, and Jiffy as its online segment, as the presentation describes it.
📉 Consolidated Q2 FY27 revenue rose 4% to Rs 462.0 crore from Rs 445.1 crore and EBITDA improved 116 bps to Rs 5.6 crore (1.2% of sales) from Rs 0.2 crore, the presentation shows. It was still a loss: PBT widened to Rs (66.3) crore from Rs (63.9) crore, gross margin slipped to 19.0% from 21.0%, and other income fell to Rs 1.9 crore from Rs 3.7 crore.
📉 By format, Spencer's standalone revenue rose 7.1% to Rs 402.8 crore with EBITDA of Rs 16.9 crore at 4.2% of sales versus 3.4% a year earlier, though its gross margin fell 178 bps to 17.8%. Nature's Basket revenue fell 17% to Rs 56.5 crore and its EBITDA loss widened to Rs (7.0) crore from Rs (0.6) crore, while ORIPL (Jiffy) revenue rose 39.4% to Rs 8.8 crore and its loss narrowed to Rs (5.2) crore from Rs (12.4) crore.
📈 Management attributes Spencer's growth to offline sales up 4% and online up 31%, and says operating expenses were cut to Rs 56 crore from Rs 64 crore. It flags that Spencer's Q2 is not like-for-like because of accounting for membership cashback, and states gross margin would be 19% against 17.8% reported without that reclass.
📌 Jiffy's customer metrics improved: order NPS at +85 from +67 in Q1 FY26, customer rating of 4.64 versus 4.28, and orders from repeat customers at 80%, up from 61%, which the presentation says reflects durable customer stickiness. The deck also lists monthly marketing activations, including 1 million organic Instagram views in September.
Also from Spencers Retail
Consolidated results for the quarter ended 30.09.2026 (Unaudited)
5 Nov 2026
Board meeting on November 5, 2026 to consider and approve Q2 and half-year FY2026-27 results
29 Oct 2026
Spencer's Retail surged with four consecutive upper circuits, up about 46% this week
29 Oct 2026
More numbers
- Revenue from operations, consolidated, Q2 FY27462.0 (₹ Cr)
- EBITDA, consolidated, Q2 FY275.6 (₹ Cr)
- PBT, consolidated, Q2 FY27(66.3) (₹ Cr)
- Gross Margin %, consolidated, Q2 FY2719.0%
- Revenue from operations, Spencer's standalone, Q2 FY27402.8 (₹ Cr)
- EBITDA, Spencer's standalone, Q2 FY2716.9 (₹ Cr)
- Revenue from operations, Nature's Basket standalone, Q2 FY2756.5 (₹ Cr)
- PAT, Nature's Basket standalone, Q2 FY27(23.9) (₹ Cr)
- Revenue from operations, ORIPL standalone, Q2 FY278.8 (₹ Cr)
- Gross Merchandise Value (GMV) - Online, ORIPL, Q2 FY2768 (₹ Cr)
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.