Baazar Style Retail Limited has informed the Exchange about General Updates
STYLEBAAZA · price
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Awaiting price reaction for this filing.
Baazar Style Retail reported standalone revenue from operations of Rs 3,777 million for Q1 FY26, up 37% year-on-year from Rs 2,757 million. The company expanded its store network to 232 outlets (up from 166 a year ago, a 40% jump) by opening 22 new stores and closing 4 during the quarter. Total rental area grew 41% YoY to 21.13 lakh square feet. Sales per square foot per month was nearly flat at Rs 664 versus Rs 661 last year. Same-store sales growth (SSSG) was -3% on a reported basis, but the company clarified this was due to the Eid festival falling in the previous quarter (Q4 FY25) instead of Q1; on a normalized basis, SSSG was a healthy 11%.
Strong revenue growth is being driven by aggressive store expansion rather than same-store performance. Investors should watch whether the normalized SSSG momentum of 11% holds as new stores mature, since flat productivity (PSF essentially unchanged YoY) suggests expansion is the primary growth engine right now.