About Spencer’s Retail Limited

Spencer’s Retail Limited is a leading Indian multi-format retailer and part of the RP-Sanjiv Goenka Group. Founded with the launch of India’s first hypermarket in Hyderabad in 2000, the company has reshaped modern retail by offering daily essentials under one roof. It operates 121 stores with a total trading area of 8.91 lakh sq. ft., comprising 89 Spencer’s stores in 18 cities and 32 Nature’s Basket stores in 7 cities. Spencer’s has a strong presence in core geographies like West Bengal and Uttar Pradesh and integrates omnichannel retail to provide a seamless customer experience both online and offline.

Spencer’s Retail Limited operates as a single segment retailer covering multiple categories such as food, fashion, personal care, and home essentials. The company pursues a strategic reset, optimizing footprint by exiting the National Capital Region (NCR) and southern states, while consolidating in East India and Uttar Pradesh. It maintains disciplined expansion with new store openings in high potential areas. Spencer’s digital business saw significant growth with online orders up by 20%, driven by quick-commerce platform JIFFY across several urban clusters.

Spencer’s Retail Limited Business Segment

The company runs large format hypermarkets and compact neighborhood stores, delivering a curated product mix covering everyday and premium segments through its Spencer’s and Nature’s Basket brands. Its operations span 23 cities nationwide, focused on urban clusters with strong brand affinity and store productivity.

Spencer’s operates in multiformat retail across food and grocery, consumer durables, apparel, furniture, footwear, electricals, and electronics, with specialty sections like Spencer’s Gourmet, Patisserie, and Epicuisine. The omnichannel platform integrates store networks with online fulfillment for enhanced customer convenience.

Spencer’s Retail Limited Key Management

• Shashwat Goenka – Chairman
• Anuj Singh – CEO and Managing Director
• Sandeep Kumar Banka – Chief Financial Officer
• Navin Kumar Rathi – Company Secretary & Compliance Officer

Latest Updates on Spencer’s Retail Limited

• Optimized store footprint exiting NCR and southern states while consolidating in East India and Uttar Pradesh.
• Opened five new stores during 2024-25, aligned to high-potential catchment areas.
• Grew online sales by 20% year-on-year with quick-commerce platform JIFFY launched and expanding in urban clusters.
• Improved profitability metrics with Rs 60 crore EBITDA in 2024–25, driven by scale recalibration and cost discipline.
• Leadership changes include resignation of Rahul Nayak as Whole-time Director and appointments of key CFO and Company Secretary roles.
• Recognized as a ‘Great Place to Work’ for five consecutive years.