STYLEBAAZA / Q1-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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PositiveQ1-FY26 · 2025-08-06Back to quarter ↗

Questions audited

Answered directly

88%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Gorup Jagani · JML

partial

Why other expenses increased sharply and any one-offs?

several costs has been strate strategically frontloaded to support the future growth... With revenue projected to rise particularly during the festival season, their proportion relative to topline will decline driven by operational leverage and economy of scale.

Gorup Jagani · JML

partial

Gross margin guidance after 300 bps expansion in Q1?

we anticipate a margin of up to 50 basis point increase uh by uh I will say because of the inventory efficiency I think because of the private for the entire year.

Palash Kavali · Nana Wells

direct

What was rental cost per sq ft for Q1?

Rental cost is 56 rupees per square foot.

Palash Kavali · Nana Wells

direct

Update on insurance claim received?

we have received an amount of 3.48 crores including salvage value against the total asset loss of 4.24 crores... we expect the matter to be settled in the upcoming quarters

Natik · NV alpha fund

direct

What is net debt and cash flow from operations post lease?

total net borrowings as on date for the Q1 is 157.43... cash generated from operations post payment of lease? it is around so uh around 26 CR after adjustment of lease payment.

Cherab · Keynote Capital

direct

What was full price sales percentage in Q1?

92% was the full sales group in Q1 FI26 against uh 89 in Q1 FI25.

Cherab · Keynote Capital

direct

Can payable days reduction to 90 days improve gross margin?

there will be a benefit in the gross margin uh once we reduce it... we want to reduce to 90 disc... you can expect by FI 26 and FI 27 you will see the numbers gradually going down

Cherab · Keynote Capital

direct

What EBITDA margin can we expect in 3 years at 7-8% SSSG?

will help us to achieve a bit of 9 to 10% by fi 28. So 7 to8 this year 8 to 9 next year 9 to 10 maybe the f 28th numbers

Gorup Jagani · JML

direct

Will other expenses per sq ft remain at 183 for rest of year?

If you see the last three quarters Q2, Q3 and Q4, FI25 also it was around 187, 188 and 184 and this quart is around 182... So the 180 base has been created and that base is only going for the quarters.

Raj · Fiden

direct

Why rental cost increased 18% QoQ? Is it due to competition?

every 3 year there's a incremental clause 12 to 15% depending on landlord... lot of store openings has happened in metro and tier one which typically has a higher rental... warehouse that were that we were having was only 86,000 ft² whereas this year uh in Q1 the warehouse that we had was around 1.86 lakh square ft²

Danch Adwani · Bajage

partial

What is revenue and PAT guidance for Q2 and full year?

revenue will be around 25% only uh till the time Q2 concludes... in terms of uh AITA at pre-ind it's around 7 to 8% and at PET it's around 3 to 4%.

Deepak Podar · Safire Capital

direct

What is gross margin difference between private label and other brands?

It's majorly around 1 and a half% as a difference.