Baazar Style Retail Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Baazar Style Retail (operator of Style Bazaar stores) reported Q1 FY26 consolidated revenue from operations of ₹37,785.95 lakhs, up about 37% from ₹27,579.42 lakhs in Q1 FY25. The company swung to a consolidated profit after tax of ₹205.56 lakhs, compared to a loss of ₹42.03 lakhs in the same quarter last year, with EPS of ₹0.28 vs ₹(0.06) earlier. The auditor (Singhi & Co.) issued an unmodified opinion but drew attention to the ongoing Serampore warehouse fire insurance claim from May 2024, while noting an ₹76.60 lakh exceptional loss on partial settlement of the property/plant claim on July 8, 2025. A separate incident at the Dhuliyan store (April 2025) due to civil unrest had no net P&L impact as insurance receivable matched the loss. The board also approved appointing S.K. Joshi & Associates as secretarial auditor for FY26–FY30, hired Mr. Alok Kumar Prakash as AVP – Supply Chain, and proposed alterations to the Articles of Association (removing post-IPO Part II and modifying director rotation rules) for shareholder approval.
Strong top-line growth and a return to profitability should be viewed positively by shareholders, though recurring exceptional items linked to past fire damage and local disruption remain a watchpoint. The governance changes (new secretarial auditor, senior management hire, AoA cleanup) are routine post-IPO housekeeping and unlikely to move the stock materially.