Home / Business and Economy / Baazar Style Retail Soars: Revenue Jumps 37%
Baazar Style Retail Soars: Revenue Jumps 37%
20 May
Summary
- Revenue surged 37% to Rs 18,409 million in FY26.
- Private label revenue grew 62%, contributing 53% of total.
- Company plans to expand network to 500 stores in three years.
Baazar Style Retail Limited announced robust financial performance for FY26, driven by increased demand for affordable fashion and strategic expansion. Revenue from operations grew by 37% year-on-year, reaching Rs 18,409 million, with EBITDA increasing by 40% to Rs 2,641 million.
The company aggressively expanded its retail footprint, growing its store network to 263 from 214 in the previous fiscal year. The total retail area expanded by 28% to 2.46 million square feet.
Private labels emerged as a key growth driver, with revenue increasing by 62% year-on-year to Rs 9,770 million, raising their contribution to 53% of total revenue from 45% in FY25.
Baazar Style Retail also secured a significant investment commitment of Rs 331.53 crore from Cupid Limited, intended to support future expansion and diversification into personal care.
Looking ahead, the company is optimistic about India's value retail market. It aims for 25% revenue growth and 7-8% same-store sales growth in FY27, with plans to scale its store network to 450-500 locations over the next three years.
