Baazar Style Retail Limited has informed the Exchange regarding Corrigendum to Investor Presentation for the quarter and financial year ended on March 31, 2025.
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Baazar Style Retail issued a corrigendum to its FY25 investor presentation, clarifying that all figures on slides 19 and 20 should be read in Million (Mn) — a unit labeling correction with no change to underlying numbers. The underlying presentation shows FY25 revenue from operations grew 38% YoY to Rs 13,437 Mn, with adjusted EBITDA up 31% to Rs 944 Mn. The store network expanded to 214 stores (from 162), spanning 9 states and 174 cities, with 13% same-store sales growth. Q4FY25 revenue jumped 55% YoY to Rs 3,454 Mn. Private labels now contribute 45% of revenue (a ~64% 3-year CAGR), and one brand 'Square Up' crossed Rs 2,000 Mn in revenue. However, adjusted EBITDA margin compressed 40 bps to 7.0% and IND-AS EBITDA margin fell 50 bps to 14.1%.
The corrigendum is purely administrative (fixing a unit label) and does not alter the financials. The strong top-line and store expansion are positives, but the slight margin compression despite scale may temper investor enthusiasm on profitability.