SPENCERS.NSE

Spencers Retail Ltd.

RP Sanjiv Goenka group's Spencer's Retail Ltd plans to pursue fundraising opportunities after achieving breakeven to enhance valuations and reduce its Rs 883 crore debt. The company has board approval to explore various fundraising options and aims to attract new investors by demonstrating consistent financial performance. Spencer's has improved operational efficiency by exiting loss-making regions and closing over 40 under-performing stores in South India and NCR. The company focuses on strengthening its presence in profitable areas and expects its quick delivery service and increased sales per square foot to drive future growth. Spencer's reported a reduced net loss of Rs 47.34 crore for Q3 FY25.

Spencer’s Retail, the retail division of the RP Sanjiv Goenka group, has entered the quick commerce market with its new venture, Jiffy. The service will initially launch in Kolkata, followed by an expansion to other regions of West Bengal and then to Uttar Pradesh (UP). The retailer currently operates 89 stores across West Bengal and UP. The RPSG Group is reintroducing the Spencer’s app under the brand name ‘Jiffy’, offering merchandise delivery within 30 minutes. Shashwat Goenka, Chairman of Spencer’s Retail, stated that the company aims to fulfill orders within 20-30 minutes by utilizing its existing stores. The company also mentioned that it will not invest in a separate dark store network, instead managing delivery operations through a third-party fleet operator. In Q3 FY25, the company reduced its net loss to Rs 47.34 crore from Rs 51.20 crore. However, revenue fell 21% year-on-year to Rs 516.97 crore due to store closures. Recently, both established and emerging players have ventured into the quick commerce sector.

Q3 Results 2025 Live Updates: Here are the live updates on the Q3 financial results of some of Indias major companies, including Reliance Industries, Axis Bank, Infosys, LTIMindtree, Hatsun Agro Products, Havells India, Spencers Retail, and others. Follow along for the latest details on revenue, profit margins, growth strategies, and industry trends as companies announce their quarterly performance.

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