NSE: STYLEBAAZA · BSE: 544243
BAAZAR STYLE RETAIL LTD
Operates value-fashion retail stores under the Style Baazar brand across India. In Q1 FY27 the store network stood at 276 stores, up from 232 a year earlier, after 18 new openings and 5 closures during the quarter; total rental area was 25.80 lakh sq ft. Q1 FY27 standalone revenue was Rs 486 crore (up 29% year-on-year from Rs 377.8 crore), with same-store sales growth of 7% and sales per square foot of Rs 679 per month (up 2%). FY26 full-year revenue was Rs 1,840.95 crore versus Rs 972.65 crore in FY24, and net profit was Rs 46.87 crore. The largest operating cost lines in FY26 were other operating expenses at 10.6% of revenue, depreciation at 9.2% and employee costs at 8.4%; capex ran at 7.9% of revenue as the chain expanded stores. The business operates across 10 states, with new locations added in places such as Kanpur, Muzaffarpur, Varanasi and Bhawanipatna during the quarter. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Value-fashion retail. Store-based value fashion retail; expanding chain with annual capex of 7.9% of revenue and depreciation of 9.2%.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 1,344 | 1,841 |
| EBITDA (ex other income) | 179 | 297 |
| margin % | 13.3 | 16.1 |
| Owners' profit | 15 | 0 |
| EPS, as reported (₹) | 2.02 | 6.28 |
| ROE % · ROCE % | 3.6 · 7.3 | 10.4 · 13.6 |
| Debt / equity (x) | 0.41 | 0.77 |
| Cash from operations | 53 | 126 |
| Capex | (103) | (145) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 311 | 412 | 345 | 378 | 532 | 466 | 466 | 486 |
| Profit before tax | (12) | 41 | (9) | 3 | 69 | 26 | (36) | 3 |
| Net profit | (9) | 30 | (6) | 2 | 51 | 19 | (26) | 2 |
| EPS (₹) | (1.26) | 4.08 | (0.86) | 0.28 | 6.90 | 2.54 | (3.44) | 0.30 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Independent Director Rishabh Jain resigns effective October 26, 2026 | management changes | medium | — | — |
| 26 Oct 2026 · Independent director Rishabh Narendra Jain resigns effective October 26, 2026 | management changes | medium | — | — |
| 15 Oct 2026 · Opens new Style Baazar store in Patna; total network at 287 | business updates | low | — | — |
| 15 Oct 2026 · Board approves renewable energy WOS, warrant conversion, new independent director | strategic transactions | medium | — | — |
| 15 Oct 2026 · Board approves new independent director, renewable energy WOS, warrant conversion | management changes | high | — | — |
| 15 Oct 2026 · Board approves new independent director, solar subsidiary, and warrant conversion | management changes | medium | — | — |
| 15 Oct 2026 · Baazar Style Retail allots 20 lakh shares on warrant conversion to Cupid Limited | fund raising | medium | — | — |
| 15 Oct 2026 · Board okays Independent Director, solar energy arm, share allotment | board shareholder meetings | medium | — | — |
| 11 Oct 2026 · Baazar Style Retail opens new store in Raniganj, total reaches 286 | business updates | medium | — | — |
| 10 Oct 2026 · Style Baazar opens new store in Prayagraj, total count now 285 | business updates | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.