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Baazar Style Retail Ltd

Q3 FY25Retailing

Baazar Style Retail Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹418
Market cap₹2.8K Cr
P/E101.9
Updated23 Aug 2026
Read4 min read

The short version

The company targets revenue growth of 25%-30% annually, supported by store expansion and like-to-like (L2L) growth of 8%-10%. FY25 pre IND AS EBITDA expected between INR95-98 crores with EBITDA margin of 7%-8% and PAT margin of 3%-4%.

From Baazar Style Retail Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • The company targets revenue growth of 25%-30% annually, supported by store expansion and like-to-like (L2L) growth of 8%-10%.
  • Same-store sales growth (SSSG) of around 10% is considered healthy and expected to continue, driven by increasing organized retail penetration.
  • New stores typically mature over 3 years, achieving operating margins of 5% in year one, 8%-10% in year two, and 14%-16% in year three.
  • Expansion focused on states like UP, Bihar, Jharkhand, Bengal, Assam, and Odisha to capitalize on large market potential.
  • Increased number of bills and footfall indicate good momentum, especially with festive seasons (e.g., Eid in March).

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Profitability & Margins

See what Baazar Style Retail Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Planned store expansion: Opening 40-50 new stores annually, with average capex of INR 1-1.25 crore per store, totaling around INR 60-65 crores per year.
  • Warehousing and infrastructure: Additional capex on warehouse expansion; warehouse size doubled recently, with INR 15 crores invested in warehouse and INR 40 crores in storefronts.
  • Technology investment: INR 15-20 crores planned for technology in FY25, focused on inventory management, ERP solutions, and efficiency improvements.

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Top-ranked in Retailing

Ranked on what management guided this quarter

Guidance-ranked
1V2 Retail Ltd
Rev 1Mar 3
2Rentomojo Ltd
Rev 1Mar 3
3
Rev 2Mar 2
4
Rev 2Mar 2
5
Rev 2Mar 4
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript does not provide specific details on the current or expected order book or pending orders for Baazar Style Retail Limited. However, the following related operational insights can be noted: - Store Expansion: The company is on track to add 45-50 new stores by the end of FY25, having already opened 43 stores so far. - Strategic Focus: Expansion is concentrated in focus states such as UP, Jharkhand, Bihar, Bengal, Assam, and Odisha, with no plans to enter new states currently.

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Baazar Style Retail Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹466 Cr, net loss ₹26 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Baazar Style Retail Ltd Q3 FY25 results?

The company targets revenue growth of 25%-30% annually, supported by store expansion and like-to-like (L2L) growth of 8%-10%. FY25 pre IND AS EBITDA expected between INR95-98 crores with EBITDA margin of 7%-8% and PAT margin of 3%-4%.

What is Baazar Style Retail Ltd share price analysis?

Baazar Style Retail Ltd currently shows a neutral. The stock trades at a P/E of 101.9 with a market cap of ₹2,780 Cr. Investors should review the full earnings analysis for detailed insights.

Is Baazar Style Retail Ltd planning capital expenditure?

Planned store expansion: Opening 40-50 new stores annually, with average capex of INR 1-1.25 crore per store, totaling around INR 60-65 crores per year.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.