Baazar Style Retail
- Market cap
- ₹ 2,845 Cr.
- P/E
- 102.8x
- P/B
- 6.13x
- 52-week range
- 229.95 – 447.1
- ROE
- 5%
- ROCE
- 7%
- Dividend yield
- 0%
- Debt / equity
- 2.21
- Sector
- Retailing
- Industry
- Speciality Retail
- Listed on
- NSE, BSE
About
Baazar Style Retail Limited is an India-based company, which is engaged in retailing a variety of apparels and non-apparels consumer products through retail stores. The Company operates in the value retail sector, offering a diverse range of both apparel and non-apparel consumer goods. These products are retailed through a network of stores operating under the brand names Express Baazar, Mega Baazar, and Style Baazar. It operates under two businesses, such as apparel and general merchandise. Within the apparels business, it offers garments for men, women, boys, girls and infants. The products offered under its general merchandise business include both non-apparel and home furnishing products. Its general merchandise offerings include footwear, imitation jewelry, toys, bags, luggage, gifts, novelties, cosmetics, skin care items and grooming products. Its homeware products include storage products, kitchenware, dining ware, home appliances, kitchen appliances, and bedding.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Speciality Retail: 28 companies →Baazar Style Retail against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)102.8 against a typical 37.3: pricier than most peers (1st = cheapest).24th of 28
- Sales growth+28.9% against a typical +15.4% from a year earlier.7th of 23
- Profit growth+7.7% against a typical +18.3% from a year earlier.13th of 18
- Share price, 3 months+34.2% against a typical −17.4%.5th of 25
- Size₹ 2,845.3 Cr. market value against a typical ₹ 464.2 Cr. (1st = largest).9th of 27
Latest announcements
Exchange filings and their impact on the company.
- Style Baazar opened its 287th store in Danapur, Patna, a small incremental expansion.
Baazar Style Retail opened a new Style Baazar store at Danapur, Patna, Bihar on October 15, 2026. With this addition, the total store count stands at 287. The single-store addition is a routine rollout and adds only marginal sales and profit over the next 12 months.
- Baazar Style raised Rs 65.7 cr via 2m warrant conversions at Rs 328.25 and approved a solar subsidiary and new independent director.
Baazar Style Retail's board on October 15, 2026 allotted 20 lakh shares at Rs 328.25 each on conversion of warrants held by a non-promoter, bringing in about Rs 65.65 crore. The board also approved setting up a wholly owned subsidiary for solar and renewable energy projects and appointed Mrs. Binata Sengupta as independent director for three years. The cash strengthens the balance sheet with about 2.7% equity dilution, while the solar unit is at an early setup stage.
- One new store lifts network to 286, adding under 0.5% to sales.
Baazar Style Retail opened a new Style Baazar store at Raniganj, West Bengal on October 11, 2026. With this addition, the total store count stands at 286. It is a routine rollout adding less than half a percent to the network and sales base, supporting steady expansion.
- Baazar Style opened its 285th store at Naini, Prayagraj, adding marginal growth.
Baazar Style Retail opened a new Style Baazar store at Naini, Prayagraj in Uttar Pradesh on October 10, 2026. With this addition, the total store count stands at 285. The single-store addition implies only a marginal ~0.35% expansion of the network and a small incremental revenue contribution over the next 12 months.
- Opened 284th store at Fulbari, a small incremental expansion.
Baazar Style Retail opened a new Style Baazar store at Fulbari, Jalpaiguri in West Bengal on October 9, 2026. With this addition, the total store count stands at 284. The single-store addition is a routine network expansion and adds only a marginal ~0.35% to the store base.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A- by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A- | Stable | 10 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Sep 2026 | Reaffirmed | Crisil A- | — | CRISIL | ₹ 171.03 Cr. | |
| 28 Jul 2026 | Reaffirmed | Crisil A- | — | CRISIL | ₹ 171.2 Cr. | |
| 21 May 2026 | Reaffirmed | Crisil A- | — | CRISIL | ₹ 171.03 Cr. | |
| 9 Feb 2026 | Rating action | Crisil A- | — | CRISIL | ₹ 171.03 Cr. |
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 15 Oct 2026 | Warrant conversion | Allotted | ₹ 65.65 Cr. | ₹ 328.25 | +8.76% |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 18 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 6 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 20 Jan 2026 | Fund Raising | To consider Fund Raising |
| 10 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 1 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 188 | 333 | 223 | 276 | 311 | 412 | 345 | 377 | 532 | 466 | 466 | 486 |
| Expenses | 180 | 257 | 200 | 234 | 287 | 328 | 305 | 320 | 463 | 377 | 418 | 414 |
| Operating Profit | 9 | 76 | 24 | 42 | 24 | 83 | 40 | 58 | 69 | 89 | 48 | 72 |
| OPM % | 4.6% | 22.8% | 10.6% | 15.2% | 7.9% | 20.2% | 11.6% | 15.3% | 13% | 19.2% | 10.4% | 14.8% |
| Other Income | 1 | 6 | 1 | −8 | 2 | 2 | 2 | 3 | 59 | 1 | −19 | 3 |
| Interest | 13 | 11 | 14 | 14 | 16 | 17 | 22 | 24 | 17 | 19 | 18 | 20 |
| Depreciation | 18 | 19 | 20 | 21 | 22 | 27 | 29 | 34 | 42 | 46 | 48 | 52 |
| Profit before tax | −21 | 51 | −9 | −1 | −12 | 41 | −9 | 3 | 69 | 26 | −36 | 3 |
| Tax % | −25.9% | 25.2% | −26.6% | −35% | −24.7% | 25.4% | −31.8% | 27.6% | 25.3% | 25.9% | −28.8% | 32.9% |
| Net Profit | −15 | 38 | −6 | −0 | −9 | 30 | −6 | 2 | 51 | 19 | −26 | 2 |
| EPS in Rs | −2.22 | 5.49 | −0.92 | −0.06 | −1.19 | 4.08 | −0.86 | 0.28 | 6.9 | 2.54 | −3.44 | 0.29 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 34%
- 3 Years
- 33%
- TTM
- 35%
- 10 Years
- —
- 5 Years
- 27%
- 3 Years
- 57%
- TTM
- 60%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 5%
- 3 Years
- 7%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Baazar Style Retail | ₹ 357.00 | ₹ 2,845 Cr. | 102.8x | 6.1x | 5% | — |
| Page Industries | ₹ 33,774.65 | ₹ 38,894 Cr. | 56.1x | 29.6x | 52.5% | 14.6% |
| Vardhman Textiles | ₹ 495.00 | ₹ 14,319 Cr. | 23.5x | 1.8x | 7.3% | 7.6% |
| Indo Count Industries | ₹ 390.35 | ₹ 7,721 Cr. | 57.5x | 3.3x | 5.4% | 3% |
| Alok Industries | ₹ 8.10 | ₹ 4,022 Cr. | — | — | — | −20% |
| Gokaldas Exports | ₹ 673.70 | ₹ 4,937 Cr. | 63.1x | 2.8x | 4.7% | 2.5% |
Management
- Rohit Kedia
- Executive Chairman of the Board
- Nitin Singhania
- Chief Financial Officer
- Abinash Singh
- Company Secretary, Compliance Officer, Head - Legal and Compliance
- Shreyans Surana
- Managing Director, Executive Director
- Pradeep Kumar Agarwal
- Whole Time Director
- Bhagwan Prasad
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.