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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comSpencer Retail Ltd, one of India’s oldest and most recognized retail chains, continues to serve millions of consumers across the country with its wide range of groceries, fashion, and household products. Known for its strong brand presence and strategic expansion, Spencer Retail has been a key player in India’s organized retail sector.
In this article, we’ll analyze Spencer Retail Ltd’s share price target from 2025 to 2030, along with its business overview, financial data, and future outlook for investors.
| Detail | Value |
|---|---|
| Open | ₹53.48 |
| Previous Close | ₹52.74 |
| High | ₹53.48 |
| Low | ₹50.51 |
| VWAP | ₹51.20 |
| Volume | 356,146 |
| Value (Lacs) | ₹180.71 |
| Market Cap (Cr.) | ₹457 |
| Beta (Volatility) | 1.32 |
| UC Limit | ₹63.28 |
| LC Limit | ₹42.19 |
| 52-Week High | ₹98.00 |
| 52-Week Low | ₹50.51 |
| Face Value | ₹5 |
| All-Time High | ₹222.48 |
| All-Time Low | ₹50.51 |
Spencer Retail’s share currently trades near its 52-week low levels, suggesting the stock may be in an accumulation phase for long-term investors.
Spencer Retail Limited, part of the RP-Sanjiv Goenka Group, operates a chain of retail stores across India offering groceries, fresh produce, home essentials, and apparel. With over a century-long legacy, the company focuses on convenience, affordability, and quality to attract urban middle-class consumers.
The company’s operations span hypermarkets, supermarkets, and departmental stores, mainly concentrated in metro and tier-1 cities. Spencer’s retail model combines physical outlets and online integration, ensuring a seamless shopping experience.
Operates one of the largest supermarket chains in India.
Strong presence in metro cities like Kolkata, Chennai, and Hyderabad.
Focus on private labels and e-commerce growth.
Continuous cost optimization and store rationalization for profitability.
Backed by RP-Sanjiv Goenka Group, ensuring financial stability.
| Investor Type | Holding (%) |
|---|---|
| Promoters | 58.81% |
| Retail & Others | 31.82% |
| Foreign Institutions | 7.37% |
| Other Domestic Institutions | 2.00% |
A high promoter holding of nearly 59% shows confidence from the parent group, while strong retail participation indicates consistent interest from small investors.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2025 | 55 | 65 |
| 2026 | 68 | 80 |
| 2027 | 82 | 95 |
| 2028 | 100 | 115 |
| 2029 | 118 | 135 |
| 2030 | 140 | 165 |
These projections are based on Spencer’s retail expansion strategy, improving financial efficiency, and the growing organized retail market in India.
In 2025, Spencer Retail’s stock may witness gradual recovery as retail demand increases post festive season and the company continues to optimize operations.
Why?
Return of consumer demand in urban retail.
Store consolidation improving margins.
Growth in private-label brands.
Investment Advice: Investors can consider gradual accumulation near ₹50–₹55 for medium-term returns.
By 2026, Spencer may show improved EBITDA margins driven by better supply chain efficiency and expansion in online retail.
Why?
Growth in omnichannel sales (online + offline).
Improved cash flows from store rationalization.
Support from the RP-SG Group.
Investment Advice: Suitable for medium-term investors looking for recovery stocks in the retail sector.
With the Indian retail market expanding rapidly, Spencer Retail’s stock could gain traction due to brand recognition and customer loyalty.
Why?
Growth in FMCG and daily essentials.
Increase in repeat customers and loyalty programs.
Strong festive quarter (October–December).
Investment Advice: Hold positions; potential returns of 20–25% CAGR possible.
By 2028, Spencer Retail could reach ₹100+ levels if it continues to grow its footprint and improve profitability.
Why?
Entry into new states and tier-2 cities.
Higher online retail contribution.
Potential partnerships with logistics and digital players.
Investment Advice: A good time to book partial profits or reinvest dividends.
Spencer Retail is expected to strengthen its market share as India’s retail consumption increases due to rising disposable income.
Why?
Expansion in food and grocery retail.
Strategic tie-ups for e-commerce growth.
Efficient inventory and cost control.
Investment Advice: Continue holding for long-term growth potential.
By 2030, Spencer Retail may re-establish itself as a strong retail brand with consistent earnings and improved balance sheet strength.
Why?
Steady revenue growth across business segments.
Improved profitability through digital transformation.
Positive consumer sentiment and brand revival.
Investment Advice: Ideal for long-term investors seeking exposure in India’s growing retail sector.
Yes, long-term investors can consider Spencer Retail Ltd as a potential turnaround opportunity. With a strong promoter group, improving retail demand, and strategic focus on profitability, the company holds promise for gradual yet steady growth.
Strong promoter backing (RP-SG Group).
High brand recall value in metro cities.
Growing digital and physical retail network.
Potential margin improvement through cost efficiency.
Low profitability in the short term.
High competition from D-Mart, Reliance Retail, and online players.
Volatility due to small market capitalization.
Always review financial statements and consult a certified financial advisor before investing.
Spencer Retail Ltd remains a well-known name in India’s organized retail space. With strong promoter confidence, digital transformation efforts, and gradual operational improvement, the stock may see a slow but steady upward trajectory toward 2030.
At the current price near ₹53, the share appears undervalued compared to its all-time high of ₹222.48. Analysts estimate that by 2030, Spencer Retail could potentially reach ₹165, supported by improving market conditions and retail expansion strategies.
Investors looking for long-term retail sector exposure may find Spencer Retail an attractive opportunity, provided they can tolerate short-term volatility.
1. What is the current share price of Spencer Retail Ltd?
The current price of Spencer Retail Ltd is around ₹53 (as of October 2025).
2. What is Spencer Retail’s share price target for 2025?
The 2025 target is between ₹55 and ₹65 based on market recovery expectations.
3. Is Spencer Retail a good stock to buy now?
Yes, it can be a good long-term buy for investors seeking exposure to the retail sector.
4. What is the 2030 share price target for Spencer Retail?
By 2030, the share could reach ₹140–₹165, depending on revenue growth and profit margins.
5. Who owns Spencer Retail?
Spencer Retail is part of the RP-Sanjiv Goenka Group, which also owns CESC, Saregama, and other major companies.
6. What is Spencer Retail’s 52-week high and low?
The 52-week high is ₹98.00, and the 52-week low is ₹50.51.
7. What is Spencer Retail’s market capitalization?
As of October 2025, the company’s market cap is approximately ₹457 crore.
8. What percentage of shares are held by promoters?
Promoters hold 58.81% of the total shares.
9. Is Spencer Retail listed on both NSE and BSE?
Yes, the stock is actively traded on both the NSE and BSE.
10. Should I hold Spencer Retail for the long term?
Yes, long-term investors can hold the stock, given its strong brand value and improving retail market trends.
Disclaimer: This article is for educational and informational purposes only. Investors are advised to consult financial experts before making any investment decisions.
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