Baazar Style Retail Limited — Important, 03-01-2025: General Updates

Baazar Style Retail Limited reported strong financial results for Q3 FY25 and the nine months ended December 31, 2024. Revenue grew by 24% year-on-year (YoY) to Rs 4,116 Mn in Q3 and by 33% YoY to Rs 9,983 Mn for 9MFY25. Sales per square foot (PSF) improved to Rs 879, while same store sales growth (SSSG) was 10% for the nine-month period, despite a dip to -3% in Q3 due to the early Durga Puja.

The company opened 18 new stores and closed 3 during Q3, bringing the total to 199 stores with a rental area of 17.90 Lakh sq ft. With the upcoming wedding season and Eid, Baazar Style anticipates a robust demand in Q4 FY25. This optimistic outlook stems from their growth strategy, which has yielded a net addition of 37 new stores in the nine-month period. Overall, the demand landscape remains positive and suggests a compelling growth trajectory moving forward.