Style Surge: Baazar Style Retail Posts 23% YoY Revenue Jump in Q1 FY26

Baazar Style Retail Ltd has reported a strong start to FY26, with standalone revenue from operations rising to ₹275.79 crore in Q1, marking a 23.4% year-on-year increase. The value fashion retailer credited the growth to improved store-level performance, better inventory management, and a rebound in discretionary spending across Tier 2 and Tier 3 cities.

 

Despite the topline growth, the company posted a net loss of ₹0.42 crore, narrowing significantly from ₹6.41 crore in Q1 FY25. Operating profit stood at ₹10.3 crore, with margins improving to 3.73%, up from 1.73% a year ago.

 

Key Highlights:

 

Revenue from Operations: ₹275.79 crore, up 23.4% YoY.

Operating Profit: ₹10.3 crore, with 140% QoQ growth.

Net Loss: ₹0.42 crore vs ₹6.41 crore YoY; sharp improvement.

Store Network: Continued expansion in eastern and central India.

Cost Control: SG&A expenses down 44% QoQ; depreciation stable at ₹20.93 crore.

Outlook: Management expects festive season tailwinds and improved private label traction to support H1 momentum.

 

The results reflect Baazar Style Retail’s ongoing efforts to optimize its cost structure while scaling its footprint in India’s competitive value retail segment.

 

Sources: Rediff MoneyWiz, Moneycontrol, Livemint