Baazar Style Retail Limited has appointed KPMG Assurance and Consulting Services LLP as its internal auditor for the financial year 2026-27. The board approved this strategic appointment on April 2, 2026, ensuring compliance with regulatory requirements and strengthening the company's internal audit framework.

Board Approval and Regulatory Compliance

The appointment was formally approved during the board meeting held on April 2, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated under Schedule III of the SEBI Listing Regulations.

About KPMG Assurance and Consulting Services LLP

KMPG Assurance and Consulting Services LLP brings significant expertise to Baazar Style Retail's internal audit function. As part of the global KPMG network and one of the Big Four accounting organizations, the firm offers comprehensive professional services with a focus on internal audit excellence.

The firm specializes in several key areas that will benefit Baazar Style Retail:

• Internal audit services including co-sourcing and outsourcing
• Governance and compliance reviews
• Risk advisory and consulting services
• Specialized IT audits
• Advanced digital tools implementation

Strategic Benefits and Focus Areas

KMPG's appointment aligns with Baazar Style Retail's commitment to maintaining robust internal controls and operational excellence. The firm employs a risk-based approach that leverages industry expertise and advanced digital tools to deliver comprehensive audit services.

Company Information

Baazar Style Retail Limited, formerly known as Baazar Style Retail Pvt. Ltd., operates from its headquarters at PS Srijan Tech Park in Kolkata, West Bengal. The company maintains its commitment to transparency and regulatory compliance through proper corporate governance practices.

The appointment of KPMG as internal auditor represents a significant step in strengthening the company's audit framework and ensuring continued adherence to best practices in corporate governance and risk management for the upcoming financial year.

Baazar style retail Limited has delivered exceptional financial performance for FY26, achieving its highest-ever standalone revenue from operations while beating management guidance. The Kolkata-based value fashion retailer reported robust growth across key metrics, demonstrating the strength of its business model and sustained customer confidence in the Eastern India market.

Record Financial Performance

The company's financial results for FY26 and Q4FY26 showcase strong momentum across all key performance indicators:

The company's standalone revenue from operations reached Rs 18,421 Mn in FY26, exceeding management guidance and marking a significant 37% year-on-year increase from Rs 13,435 Mn in FY25. This performance represents the highest revenue achievement in the company's history.

Quarterly Performance and Store Productivity

Q4FY26 demonstrated continued strength with revenue from operations jumping to Rs 4,662 Mn, reflecting 35% year-on-year growth. The quarter showed improved operational efficiency with sales per square feet reaching Rs 698 per month compared to Rs 679 in the corresponding quarter of the previous year.

Same-store sales growth (SSSG) performance remained robust, with FY26 recording 3% growth and Q4FY26 achieving 8% growth. This metric indicates strong performance from existing stores and effective customer retention strategies.

Store Expansion and Network Growth

Baazar Style Retail significantly expanded its retail footprint during FY26, demonstrating aggressive growth strategy execution:

The company operated 263 stores as of March 31, 2026, compared to 214 stores in the previous year, representing a 23% increase in store count. During Q4FY26 alone, the company opened 11 new stores without closing any existing locations.

Operational Efficiency Metrics

The company maintained strong operational efficiency with sales per square feet of Rs 731 per month for FY26, showing marginal improvement from Rs 721 in FY25. The total rental area expanded to 24.53 lakh square feet, representing 28% growth year-on-year, supporting the company's expansion strategy while maintaining productivity levels.

Baazar Style Retail Limited, established in 2013, positions itself as a leading value fashion retailer in Eastern India, focusing on family-oriented shopping experiences and affordable stylish merchandise. The company's consistent growth trajectory and expansion strategy reflect its strong market position in the regional retail landscape.