Baazar Style Retail Limited , a prominent player in the retail sector, has successfully obtained a court injunction to safeguard its operations at its Bishnupur store in South 24 Parganas, West Bengal. This legal victory comes in response to alleged threats of closure from parties claiming ownership of the commercial property.

Legal Action and Court Order

The company filed a plaint (Suit No. 1561 of 2025) before the Civil Judge Court in Alipore, seeking protection for its lawful possession of the retail store. On November 19, 2025, the court issued an order of injunction in favor of Baazar Style Retail Limited. The order restrains the defendants - M/s. Vasundhara World Pvt. Ltd., Smt. Rachna Saha, and Sidharth Sankar Pal - from causing any disturbances, obstacles, or nuisances that could impede the operation of the Style Baazar store in Bishnupur.

Background of the Dispute

According to the company's disclosure, soon after opening the retail store in Bishnupur, Smt. Rachna Saha and Sidharth Sankar Pal allegedly threatened to close the establishment, claiming ownership of the property. This situation raised concerns about potential disruption to the company's possession and smooth running of the retail outlet.

Implications for Baazar Style Retail

The court's decision allows Baazar Style Retail Limited to continue its operations without interference. This legal protection is crucial for maintaining the company's presence in the Bishnupur market and ensuring uninterrupted service to its customers.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Baazar Style Retail Limited promptly disclosed this development to the stock exchanges.

While the immediate financial implications of this legal action are not specified, the court order provides Baazar Style Retail with the legal backing to protect its interests and continue its business operations in the contested location.

This case highlights the importance of legal preparedness and swift action in protecting business interests, especially in scenarios involving property disputes or ownership claims.

Baazar Style Retail Limited , a prominent value fashion retailer, has reported robust financial results for the second quarter of fiscal year 2026, driven by strong festival season demand and strategic store expansion.

Financial Highlights

• Revenue from operations grew by 71% year-on-year to INR 532.00 crores in Q2 FY26
• EBITDA rose by 184% year-on-year to INR 69.00 crores
• Gross profit increased by 76% year-on-year to INR 162.00 crores
• Gross margin expanded by nearly 90 basis points to 31%

Key Performance Metrics

Operational Highlights

• Total store count reached 250, up 36% year-on-year
• Retail area expanded to 2.3 million square feet, a 38% increase from last year
• Sales per square foot improved to INR 865.00, up 22% year-on-year
• Number of bills processed grew by 69% to 5.63 million
• Quantity sold increased by 63% to 19.5 million units

Strategic Developments

• Revised FY26 revenue growth guidance from 25% to 30%
• On track to meet the target of opening 40-50 new stores in FY26
• Recognized a one-time exceptional gain of INR 55.00 crores from lease term reassessment under IndAS 116
• Continued focus on expanding private label sales, which grew 119% year-on-year and contributed 58% of overall sales

Management Commentary

Shreyans Surana, Managing Director of Baazar Style Retail Limited, commented on the results: "Q2 FY26 marked a milestone period for us with our highest ever quarterly and half-yearly revenue and operating metrics across key parameters along with profit growth. Our wide product portfolio serves the entire family, driving higher footfalls and improved basket sizes."

Surana also highlighted the company's digital transformation initiatives, stating, "We are making significant headway in our digital and warehouse transformation journey with a planned investment of INR 20-25 crores this year towards building an integrated and intelligent technology backbone."

Future Outlook

The company maintains a positive outlook for the upcoming quarters, citing strong winter sales and the ongoing festival season. Management expects the focus on private labels and expansion into new markets to continue driving growth.

Baazar Style Retail has reaffirmed its target of opening 40-50 stores this year and revised its top-line growth guidance for FY26 from 25% to 30%. The company expects pre-IndAS EBITDA margin at 7-8% and pre-IndAS PAT margin at 3-4% for the full year.

As Baazar Style Retail continues its expansion and focuses on operational efficiency, it remains well-positioned to capitalize on the growing demand for value fashion in India's retail market.