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Spencer expects to break-even soon

Also, plans to have 80 stores by 2017

Tags: retail, retailer, news, Spencer\'s Retail

May 08, 2014  |  comments ( 0 )  | 
Spencer expects to break-even soon Spencer’s Retail, part of the RP-Sanjiv Goenka Group, is set to become profitable at the earnings before interest, taxes, depreciation and amortisation (Ebitda) level in a couple of quarters, highlighted Shashwat Goenka, the group’s retail sector head in a recent media interaction. For fiscal ‘13, this retailer reported a net loss of Rs 2,091 crore vis-a-vis a loss of Rs 2,554 crore a year earlier.

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