Baazar Style Retail Limited , a prominent player in the value fashion retail sector, has announced the opening of a new Style Baazar store in Raiganj, West Bengal. This strategic expansion brings the company's total store count to an impressive 233, underlining its commitment to growth and market penetration.

Expansion Strategy

The new store in Raiganj represents Baazar Style Retail's continued focus on expanding its retail footprint, particularly in the eastern region of India. This move aligns with the company's cluster-based expansion approach, which has been a key factor in its growth strategy.

Recent Store Openings

It's worth noting that this expansion comes on the heels of recent store openings. Just a day prior, the company had opened two new stores:

1. An Express Baazar store in Sodepur, West Bengal
2. A Style Baazar store in Rasra, Uttar Pradesh

These openings had brought the total store count to 232, indicating the rapid pace at which Baazar Style Retail is expanding its presence.

Market Position

Baazar Style Retail's consistent store expansion underscores its strong position in the value fashion segment. The company's focus on providing high-perceived value items at competitive price points has resonated well with consumers, particularly in Tier 2, Tier 3, and Tier 4 cities where the shift from unorganized to organized retail is gaining momentum.

Future Outlook

With this latest addition in Raiganj, Baazar Style Retail continues to strengthen its presence in West Bengal, a key market for the company. The rapid succession of store openings suggests that the company is on track with its store expansion strategy.

As Baazar Style Retail continues to expand its retail network, it is likely to benefit from increased brand visibility, economies of scale, and a stronger market position in the competitive value fashion retail sector.

The company's strategic focus on cluster-based expansion, coupled with its understanding of local market dynamics, positions it well to capitalize on the growing demand for organized retail in emerging markets across India.

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.