BAAZARSTYLERETAIL / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Baazar Style Retail · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

Answered directly

80%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Gor of Joani · JM Financial

partial

How will store expansion strategy change given cannibalization of SSSG?

it will be blend of both... while we are opening in focus states also... the larger part will be open in the focus states resulting in sales coming from the non-cannibalized area

Gor of Joani · JM Financial

evasive

How do you view competitive intensity in value retail?

Competition intensity is growing... there's a huge headroom to grow... we have to be good on our back end infra

Gor of Joani · JM Financial

direct

What are future store sizes and rental trends?

store size generally ranges around 9,000 ft²... rental per square foot for this quarter was 58 and for last quarter it was 57... hovering around 58 to 60 rupees per square foot

Churak · Keynote Capitals

partial

Any update on insurance claim?

claim of around 3.48 cr against total capital asset loss of 4.24 cr has been received... inventory claim of approx 43 cr filed... matter under review

Churak · Keynote Capitals

direct

Has the thought process on store addition changed after strategic investment?

No... at that time we said 40 to 50 stores with the capital we had... now with fund we can go for 60 to 80 stores... sustainably grow at 30%

Churak · Keynote Capitals

direct

How will the fund raise be deployed?

around 180 crores would be for reduction of borrowings... balance for store expansion and infrastructure development

Rahan say · prenator asset managers

evasive

Are you initiating price transition for private label Square?

private label has started doing very well... we have not increased a lot on the MRP side but kept the MRP same

Rahan say · prenator asset managers

direct

Will logistics cost per store increase as you scale into new states?

it will not increase it will reduce only... we will have two big regional distribution centers... costing will lower only

Himmanu Dugar · Stylus Holdings

partial

What is the private label share in general merchandise?

total 13% of revenue comes from general merchandise... on private label side we only have one private label that is home focused... I don't have the number exactly available

Himmanu Dugar · Stylus Holdings

direct

Why is ASP declining despite inflation?

two reasons: last year 9 months had Eid festival... this year we focused on anti-price per product... unit per piece is similar to last year

Anand Mundra · Sar Wealth

direct

Any changes in growth outlook after fund raise?

25% was the number we were looking every year, now we will go for 30%... target to reach 500 stores in next 2-3 years

Rutan · Research desk

direct

How many more stores expected in Q4 FY26?

it is around 11 stores.