Spencer’s Retail Ltd reported a widening of its consolidated net loss for the quarter ended December 2025, as subdued revenue and continued cost pressures weighed on performance. The company, part of the RP Sanjiv Goenka Group, posted a consolidated net loss of Rs. 58.4 crore (US $ 6.45 million) in Q3 FY ’26, compared with a loss of Rs. 47.34 crore (US $ 5.22 million) in the corresponding quarter of the previous financial year, according to a regulatory filing.
Revenue from operations declined 2.71% year-on-year to Rs. 502.86 crore (US $ 55.51 million) during the quarter, down from Rs. 516.97 crore (US $ 57.07 million) in Q3 FY ’25. The company attributed the decline to a shift in festive demand, stating that the festive season was split between September, which fell in the second quarter, and October, which fell in the third quarter, thereby impacting sequential demand patterns.
Total expenses during the quarter stood at Rs. 562.58 crore (US $ 62.11 million), registering a marginal year-on-year decline. Meanwhile, total income, including other income, fell 3% to Rs. 504.18 crore (US $ 55.66 million) during the reporting period.
In a separate regulatory disclosure, the company announced that its board has approved the reappointment of Anuj Singh as Chief Executive Officer and Managing Director for a further term of three years, commencing 22nd March 2026, subject to shareholder approval.
Spencer’s Retail operates as a multi-format retailer with a presence across food, grocery, personal care and lifestyle categories. The company has also developed a growing apparel segment under its private label portfolio, offering casual wear, innerwear and everyday fashion essentials targeted at value-conscious urban consumers. Its apparel range is typically positioned within its hypermarket and large-format store network, complementing its broader strategy of expanding non-food categories to improve margins and enhance customer engagement.
