Baazar Style Retail Limited , a prominent value fashion retailer, has reported a robust performance for the first quarter of fiscal year 2026, with significant growth in revenue and profitability. The company's strategic focus on expanding its store network and strengthening its private label portfolio has yielded positive results.

Strong Financial Performance

The company's revenue reached INR 378.00 crore in Q1 FY26, marking a substantial 37% year-on-year increase and a 9% quarter-on-quarter growth. This impressive top-line growth was accompanied by a notable improvement in profitability metrics.

Gross profit rose to INR 136.00 crore, reflecting a 49% year-on-year growth, with margins expanding to 36%. The company's EBITDA for the quarter stood at INR 25.00 crore, up 14% year-on-year, while profit after tax witnessed a remarkable 531% year-on-year growth, coming in at INR 9.00 crore.

Private Label Success and Store Expansion

A key driver of Baazar Style Retail's growth has been its focus on private labels. The company's private label portfolio contributed 61% to the total revenue, amounting to INR 229.00 crore and registering a strong 59% year-on-year growth. Notably, the company's brand 'Square' recorded its highest-ever quarterly revenue of approximately INR 99.00 crore.

The company has also been aggressively expanding its store network. As of Q1 FY26, Baazar Style Retail operates 232 stores, representing a 40% increase from the previous year. The total retail area has expanded to 2.11 million square feet, a 41% growth over the previous year.

Operational Metrics and Future Outlook

While the company reported a same-store sales growth (SSG) of -3% for the quarter, the management clarified that the normalized SSG stood at 11% after adjusting for Eid timing shifts. The company maintains its revenue growth guidance of 25% for FY26 and expects to open 40-50 new stores during the year.

Shreyans Surana, Managing Director of Baazar Style Retail Limited, commented on the results, stating, "Our strong execution capabilities, established regional leadership, and focused long-term growth strategy continue to underpin our robust growth trajectory."

The company projects a pre-IndAS EBITDA margin of 7-8% and a PAT margin of 3-4% for the full year FY26.

Recent Store Openings

In line with its expansion strategy, Baazar Style Retail has recently opened two new stores. As per the company's disclosure to the stock exchanges on August 8, 2025, a new Express Baazar store has been opened in Sodepur, West Bengal, and a Style Baazar store in Rasra, Uttar Pradesh.

Conclusion

Baazar Style Retail's Q1 FY26 results demonstrate the company's ability to capitalize on the growing demand for value fashion in India, particularly in the eastern region. With its continued focus on store expansion, private label growth, and operational efficiency, the company appears well-positioned to maintain its growth momentum in the coming quarters.

Investors and market observers will be keenly watching the company's performance in the upcoming festive season, which traditionally spurs consumption and could further boost Baazar Style Retail's growth trajectory.

Baazar Style Retail Limited , a prominent player in the retail sector, has witnessed a significant insider transaction. Rohit Kedia, a promoter and Whole-Time Director of the company, has increased his stake through a substantial share purchase on the open market.

Transaction Details

Rohit Kedia acquired 100,000 equity shares of Baazar Style Retail Limited through market buying on the National Stock Exchange (NSE). The transaction, valued at Rs. 291.86 lakh, has resulted in an increase in Kedia's shareholding from 4,360,580 shares (5.84% of the company's equity) to 4,460,580 shares (5.98%).

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) insider trading regulations, the transaction was promptly disclosed to the company. Baazar Style Retail Limited, in turn, has duly informed the stock exchanges as per the regulatory requirements.

Company Background

Baazar Style Retail Limited, formerly known as Baazar Style Retail Pvt. Ltd., is a listed entity with its corporate office located in Salt Lake, West Bengal.

Other Corporate Developments

In a separate disclosure, Baazar Style Retail Limited has reported a recent development regarding its tax assessment. The company received a revised Assessment Order under Section 147 of the Income Tax Act, 1961. This order includes a revised notice of demand amounting to ₹1,65,24,278 under Section 156 of the Act for the Assessment Year 2019-20.

This revised demand represents a significant reduction from the original notice of demand of ₹6,17,34,080. The revision came after the Income Tax Authority accepted the company's rectification request application, which highlighted errors in computation and the omission of tax credits totaling ₹4,93,38,476.

Financial Impact

The company has stated that, except for the revised tax liability of ₹1,65,24,278, there is no material impact on its financial operations. The substantial reduction in the tax demand by ₹4,93,38,476 is a positive development for Baazar Style Retail Limited.

As the retail sector continues to evolve, investors and market watchers will likely keep a close eye on further developments at Baazar Style Retail Limited, particularly in light of this insider transaction and the resolution of its tax assessment issues.