Kolkata, January 28, 2025 – Baazar Style Retail Limited (NSE: STYLEBAAZA, BSE: 544243) has announced its Q3 FY25 financial results, reporting a 9.1% year-on-year (YoY) increase in total revenue, reaching ₹415.56 crore, while net profit stood at ₹6.54 crore, reflecting steady growth in India’s value retail segment.
Key Financial Highlights – Q3 FY25 (Standalone)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹415.56 crore | ₹381.15 crore | +9.1% |
| Total Income | ₹421.94 crore | ₹386.92 crore | +9.0% |
| EBITDA | ₹28.63 crore | ₹26.41 crore | +8.4% |
| Net Profit (PAT) | ₹6.54 crore | ₹5.12 crore | +27.7% |
| Earnings Per Share (EPS) | ₹1.47 | ₹1.15 | +27.8% |
- Revenue: ₹1,209.36 crore (+10.5% YoY).
- Net Profit: ₹19.16 crore (+25.2% YoY).
Operational & Business Highlights
1. Strong Retail Network Expansion
- Opened 11 new stores across Tier-2 and Tier-3 cities, increasing the total store count to 148 locations.
- Same-store sales growth (SSSG) at 6.5% YoY, driven by increased footfall and higher conversion rates.
2. Recovery from Fire Incident at Serampore Warehouse
- On May 20, 2024, a fire at the company’s Serampore warehouse in Hooghly, West Bengal, resulted in the loss of inventory and property worth ₹50.46 crore.
- The company has filed insurance claims for the losses, which have been accounted for under exceptional items.
3. Initial Public Offering (IPO) Proceeds Utilization
- IPO raised ₹174.98 crore via fresh issue and pre-IPO placement.
- ₹146 crore was allocated for debt repayment, with the remaining funds used for business expansion and general corporate purposes.
Key Financial & Compliance Announcements
- No Defaults on Loans or Debt Securities
- The company confirmed full compliance with financial obligations and no outstanding defaults.
- Independent Auditor’s Review Report
- Singhi & Co. Chartered Accountants have reviewed the financials with no material misstatements or modifications.
- Governance & Risk Management
- Strengthened inventory and risk assessment policies following the warehouse fire incident.
Management Commentary
Abinash Singh, Chief Compliance Officer, Baazar Style Retail, stated:"Despite operational challenges, we have delivered robust growth, driven by store expansion and customer engagement strategies. We remain committed to strengthening our position in India's value retail market."
Strategic Outlook & Market Expansion
- Continued expansion into Tier-2 & Tier-3 cities to cater to rising demand in semi-urban and rural markets.
- Investments in technology-driven inventory management to improve operational efficiency.
- Potential franchise-based expansion model to accelerate store openings in FY26.