Style Baazar

One of the fastest growing value fashion retailer in eastern India, Market leader in West Bengal & Odisha

#Q1FY25
REV🔼21 % - 276 Cr
EBITDA🔼23 % - 42 Cr
PBT🔼33 % - 10 Cr
PAT - (0.4 Cr) vs 5.5 Cr

PAT impacted due to fire in one of the warehouse, insurance claim awaited

Volume Growth🔼20 % - 10.3 Mn
Store Count🔼19 %
Area🔼15 % - 1.5 MSF

Total Store Count ~ 166
4 new stores opened in Assam & WB

SSSG - 5 % vs (1 %)
ASP - 1006 vs 949

Sales Mix
- Apparels : 87 %
- General Merchandise : 13 %

Apparels
- Men : 43 %
- Women : 29 %
- Kids : 28 %

Private label contribution : 52 %

FY24
REV🔼24 % - 973 Cr
EBITDA🔼40 % - 142 Cr
PAT🔼330 % - 22 Cr
SSSG - 9.5 %

Operating leverage may continue going forward
Must be on radar

Concall on 3 rd October

#STYLEBAAZA #BaazarStyle

Baazar Style Retail
#StyleBaazar
#StyleBaaza

Q3FY25 rev⏫24% at 412cr

9MFY25 rev⏫33% at 998cr

Very optimistic about Q4FY25 and expects string consumer demand to sustain

SSG at -3% for Q3 mainly due to preponement of Durga Puja by 11 days

9M SSG at 10%

V2 Retail stands out among peers, however has only 9-10 out of 140+ stores in West Bengal, so isn't an apple to apple comparable peer

18 additional stores in Q3FY25