Spencer's Retail Ltd on Friday said it will acquire a 100 per cent stake in the city's popular grocery chain Nature's Basket, a Godrej subsidiary, for a cash consideration of Rs 300 crore.

The RP-Sanjiv Goenka Group, which runs 156 grocery stores in 39 cities, Friday reported a consolidated net profit of Rs 2.39 crore for the fiscal 2018-19 against a loss of Rs 14.12 crore a year ago.