Spencer’s Retail reported a 27 per cent fall in standalone revenue from operations at Rs 439 crore for the first quarter ended June 30 as compared to the same period last year, while it posted a net loss of Rs 47 crore as compared to a net profit of Rs one crore in the year ago period.

The food and grocery retailer’s result reflects the impact of lockdown, limited operational hours, and restrictions on selling of higher margin non-essential items such apparel, general merchandise and other non-food items.

Spencer’s said the loss of business hours was partly offset by the e-commerce business which grew five-fold in the quarter under review, while the out-of-store business such as e-commerce, sales in resident apartments and delivery business constituted double digit share of sales.

The gourmet format, Natures Basket reported standalone turnover of Rs 108 crore for the quarter ending June which grew by 25 per cent sequentially and reported its first ever positive EBITDA within one year of acquisition of the business by Spencer’s Retail from the Godrej Group. Since the business was acquired last July, Spencer’s said quarterly comparisons of financials were not done.

Natures Basket reported positive EBITDA within one year of acquisition due to successful integration efforts and has witnessed significant growth despite the challenging conditions.