| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 469 | 416 | +12.9% |
| EBITDA | 7.6 | −6.7 | — |
| EBITDA margin | 1.6% | −1.6% | +3.2 pts |
| Profit before tax | −60.5 | −61.7 | — |
| Net profit | −60.4 | −61.6 | — |
| EPS | −₹6.71 | −₹6.84 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 195 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 48.0 | 48.0 | 21.7 | 31.5 | 33.4 | ||
| 1,235 | 1,235 | 926 | 733 | 542 | ||
| 1,382 | — | — | — | — | ||
| 1,854 | 1,800 | 1,995 | 2,345 | 2,453 | ||
| — | −9.8% | −14.9% | −4.4% | — | ||
| 3.6 | −10.6 | −43.3 | −11.6 | 3.6 | ||
| 0.2% | −0.6% | −2.2% | −0.5% | 0.2% | ||
| −89.2 | −106 | −186 | −144 | −128 | ||
| −248 | −249 | −246 | −266 | −210 | ||
| −13.4% | −13.9% | −12.4% | −11.4% | −8.6% | ||
| −₹27.53 | −₹27.66 | −₹27.33 | −₹29.53 | −₹23.34 | ||
| — | −1.2% | +7.4% | −26.5% | — | ||
| — | −60.2 | 37.4 | 35.1 | 26.7 | ||
| — | −9.1 | −22.0 | −35.6 | −26.1 | ||
| −69.3 | −69.3 | 15.4 | −0.5 | 0.6 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 195.1 | |
| - Cash, Equiv & ST Investments | 33.4 | 31.5 | 21.7 | 48.0 | 48.0 | |
| + Total Debt | 541.5 | 733.0 | 926.4 | 1,234.7 | 1,234.7 | |
| Enterprise Value | — | — | — | — | 1,381.8 | |
| Revenue | 2,452.6 | 2,345.0 | 1,995.2 | 1,800.0 | 1,853.6 | |
| Growth %, YoY | — | -4.4 | -14.9 | -9.8 | — | |
| EBITDA | 3.6 | -11.6 | -43.3 | -10.6 | 3.6 | |
| Margin % | 0.15 | -0.50 | -2.17 | -0.59 | 0.20 | |
| EBIT | -128.2 | -144.1 | -185.8 | -106.3 | -89.2 | |
| Net Income | -210.4 | -266.2 | -246.4 | -249.3 | -248.2 | |
| Margin % | -8.58 | -11.35 | -12.35 | -13.85 | -13.39 | |
| EPS, Adj (current shares) | -23.34 | -29.53 | -27.33 | -27.66 | -27.53 | |
| Growth %, YoY | — | -26.5 | +7.4 | -1.2 | — | |
| Cash from Operations | 26.7 | 35.1 | 37.4 | -60.2 | — | |
| Capital Expenditures | -26.1 | -35.6 | -22.0 | -9.1 | — | |
| Free Cash Flow | 0.6 | -0.5 | 15.4 | -69.3 | -69.3 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Spencer's Retail (NSE: SPENCERS) had a market capitalisation of ₹194 crore at the 30 October 2026 close (₹21.54 a share). In FY26 its consolidated net loss was ₹249 crore on revenue of ₹1,800 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹60.4 crore. Its net worth was negative (−₹913 crore) on 31 March 2026, with borrowings of ₹1,235 crore. Promoters held 58.81% of the shares on 30 September 2026.
Spencer's Retail's PE ratio is not meaningful at the 30 October 2026 close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹248 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹194 crore at ₹21.54 a share.
Spencer's Retail's debt-to-equity ratio is not meaningful: its total equity was negative (−₹913 crore) on 31 March 2026, against borrowings of ₹1,235 crore. A negative equity means accumulated losses exceed the capital shareholders put in.
Spencer's Retail's net worth was negative on 31 March 2026: shareholders' equity of −₹913 crore in its consolidated balance sheet, meaning accumulated losses exceed the capital put in. The market still values the company at ₹194 crore (market capitalisation at the 30 October 2026 close).
Spencer's Retail's market capitalisation was ₹194 crore at the 30 October 2026 close: 9.01 crore shares at ₹21.54 each.
No. Spencer's Retail had borrowings of ₹1,235 crore on 31 March 2026 (consolidated balance sheet). Its cash and current investments were ₹51.4 crore, so its net debt was ₹1,183 crore.
Spencer's Retail's basic earnings per share (EPS) were −₹27.66 in FY26, against −₹27.33 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹27.54.
Spencer's Retail's return on equity is not meaningful for FY26: shareholders' equity was negative (−₹913 crore on 31 March 2026), and a return on a negative base has no sign that can be read. Its return on capital employed (ROCE) was −41.2% — operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
On FY26 consolidated figures, against Patel Retail, JHS Svendgaard Retail Ventures and Shoppers Stop: Spencer's Retail's operating margin of −5.9% is the third highest of the four (Patel Retail 5.1%, JHS Svendgaard Retail Ventures −31.1%, Shoppers Stop 4.0%; peer average −7.3%).
In FY26, Spencer's Retail earned net profit of ₹249 crore on revenue of ₹1,800 crore, against ₹39 crore on ₹1,048 crore for Patel Retail. Spencer's Retail's operating margin was −5.9% (Patel Retail 5.1%). At the 30 October 2026 close, Spencer's Retail's market capitalisation was ₹194 crore against ₹799 crore for Patel Retail.
Promoters held 58.81% of Spencer's Retail on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Spencer's Retail generated ₹60.2 crore of cash from operations and spent ₹9.1 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹69.3 crore. In FY25 it was ₹15.4 crore.
Spencer's Retail will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
On 30 September 2026, Spencer's Retail's shares were held by promoters 58.81%, foreign portfolio investors (FII/FPI) 6.50%, domestic institutions (DII) 1.95% (including mutual funds at 0.00%) and retail and other non-institutional investors 32.52%. Over the year, FII holding was down 0.87 percentage points from 7.37% and DII holding was down 0.05 percentage points from 2.00%.
Spencer's Retail's latest results are for Q1 FY27 (April–June 2026), filed on 13 August 2026: consolidated net loss ₹60.4 crore, narrower than the loss of ₹61.6 crore in Q1 FY26; revenue from operations ₹469 crore, up 12.9% year on year.
In FY26 (April 2025–March 2026), Spencer's Retail's consolidated net loss was ₹249 crore, wider than the loss of ₹246 crore in FY25, on revenue from operations of ₹1,800 crore (down 9.8%).
From Spencer's Retail's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.