Baazar Style Retail Q3FY26 Update: Revenue Rises 13% YoY, Nine-Month Growth Surges 38%, Store Count Reaches 252

Kolkata, January 3, 2026: Baazar Style Retail Limited (BSE: 544243, NSE: STYLEBAAZA), a leading value fashion retailer with a strong presence in Eastern India, announced its business update for the third quarter and nine months ended December 31, 2025, reflecting steady quarterly growth and a sharp acceleration in nine-month performance driven by store expansion.

Q3FY26 and 9MFY26 Performance Snapshot​

The company reported healthy growth in standalone revenue for the December quarter, while nine-month revenue significantly exceeded its earlier growth trajectory.

Standalone Operating Performance​

For calendar year 2025, standalone revenue reached ₹17,213 million, marking a 41% year-on-year increase, while sales per square feet improved to ₹731 per month, up 4%.

Store Expansion Strengthens Scale​

During the nine-month period, the company added 45 new stores and closed 7 stores, resulting in a net increase in retail footprint and taking the total store count to 252. This expansion supported a 27% year-on-year rise in store count and a 30% increase in total retail area.

Same Store Sales Growth Overview​

Same store sales growth showed divergence across regions during the quarter, influenced by seasonal timing and regional factors.

SSSG Performance​

The shift in the festive calendar impacted quarterly comparability, while regional disruptions affected performance in select eastern markets. States outside the core eastern region continued to deliver resilient growth over the nine-month period.

Cluster-Based Expansion Strategy​

The company continued to pursue a cluster-based expansion strategy, opening 25 new stores within existing clusters during the nine months ended December 2025. While this resulted in a moderation in same store sales growth for mature stores within these clusters, overall cluster-level revenue rose sharply, supported by higher throughput and improved operating leverage.

Outlook​

Baazar Style Retail stated that it remains focused on disciplined network expansion, operational efficiency, and a customer-centric retail approach to support sustainable long-term growth.

About the Company​

Baazar Style Retail Limited, incorporated in 2013 and headquartered in Kolkata, operates a value fashion retail chain catering to family-oriented apparel and lifestyle needs. The company is listed on both BSE and NSE and continues to expand its presence across key consumption markets in India.

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