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STYLEBAAZA Diversified 06 Aug 2025

Baazar Style Retail Limited — Q1 FY26

Baazar Style Retail delivered a strong Q1 FY26 with revenue of 378 crore, up 37% YoY, driven by robust store expansion (232 stores, +40% YoY) and private label growth (61% of re...

bullish high
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Revenue ₹378 Cr +37%
EBITDA ₹25 Cr +14%
PAT ₹9 Cr +531%
EBITDA Margin 6.6% -140bps
Duration 64 min
Read Time 1 min read

Financial stats pending filing verification

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Reduced cross-border footfall from Bangladesh

Management noted that the absence of Bangladeshi shoppers due to government policy impacted sales in West Bengal, though targets were still met.

medium · analyst_question
R

Gross margin normalization after Q1 spike

Q1 gross margin expanded 300bps YoY, but management expects only 50bps expansion for the full year, implying margin compression in subsequent quarters.

medium · management_commentary
R

Rising rental costs in metro/Tier-1 stores

Rental per sq ft increased to 54 from 45 YoY due to more store openings in higher-rent areas, with 12-15% escalation clauses every 3 years.

low · management_commentary
R

Insurance claim settlement delay

Inventory loss claim of 4.24 crore is still under process; only 3.48 crore received for asset loss, with no timeline for inventory claim resolution.

low · analyst_question