Baazar Style Retail

NSE: STYLEBAAZABSE: 544243
Compare with peers
₹ 357.00▼ 5 (−1.38%)28 Oct, 03:29 pm IST
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.

  • 15 Oct 2026UpdatesLow impactPositivePrice +4% on 16 Oct
    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.

    Filing
  • 15 Oct 2026Outcome of Board MeetingMedium impactPositivePrice +4% on 16 Oct
    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.

    Filing
  • 11 Oct 2026UpdatesLow impactPositivePrice +0.9% on 12 Oct
    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.

    Filing
  • 10 Oct 2026UpdatesLow impactPositivePrice +0.9% on 12 Oct
    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.

    Filing
  • 9 Oct 2026UpdatesLow impactPositivePrice +1% that day
    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.

    Filing

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
A-
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil A-Stable10 Sep 2026
Credit rating actions
RatingDetails
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

Equity fund raises
StageDetails
15 Oct 2026Warrant conversionAllotted₹ 65.65 Cr.₹ 328.25+8.76%

Board meetings

Results dates and other board meetings. Full calendar

Details
13 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
18 May 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
6 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
20 Jan 2026Fund RaisingTo consider Fund Raising
10 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
1 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025

Share price

1M change −9.51%
1 of 3 filing days came with a big price moveBiggest +4% on 16 Oct 2026AI reading matched the move 1 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales188333223276311412345377532466466486
Expenses180257200234287328305320463377418414
Operating Profit97624422483405869894872
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 Income161−82223591−193
Interest131114141617222417191820
Depreciation181920212227293442464852
Profit before tax−2151−9−1−1241−936926−363
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−1538−6−0−930−625119−262
EPS in Rs−2.225.49−0.92−0.06−1.194.08−0.860.286.92.54−3.440.29

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
34%
3 Years
33%
TTM
35%
Compounded Profit Growth
10 Years
—
5 Years
27%
3 Years
57%
TTM
60%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
—
TTM
—
Return on Equity
10 Years
—
5 Years
5%
3 Years
7%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
44.8%
−0.77 pts in a year
FIIs
1.69%
−0.72 pts in a year
DIIs
5.94%
−5.35 pts in a year
Public
47.55%
+6.8 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 102.8xEPS (12 months) ₹ 3.65Median P/E 88.4x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Baazar Style Retail₹ 357.00₹ 2,845 Cr.102.8x6.1x5%—
Page Industries₹ 33,774.65₹ 38,894 Cr.56.1x29.6x52.5%14.6%
Vardhman Textiles₹ 495.00₹ 14,319 Cr.23.5x1.8x7.3%7.6%
Indo Count Industries₹ 390.35₹ 7,721 Cr.57.5x3.3x5.4%3%
Alok Industries₹ 8.10₹ 4,022 Cr.———−20%
Gokaldas Exports₹ 673.70₹ 4,937 Cr.63.1x2.8x4.7%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.