Baazar Style Retail Shares Hit Two-Month-High After Q4 Business Update
Baazar Style Retail plans to open up to 50 stores annually over the next two years, to drive growth.
Shares of Baazar Style Retail Ltd. rose on Wednesday to hit two-month-high after the company reported a 55% year-on-year rise in revenue from operations at Rs 345.6 crore in the quarter ended March 31, 2025. In the fourth quarter of the previous fiscal, sales per square feet rose 19% to Rs 679 per month.
The total number of stores of the company rose to 214 in the financial year in comparison to 162 in the last fiscal. Total rental area in the quarter rose 31% to 19.21 lakh sq. ft., compared to 14.65 lakh sq. ft. in financial year 2024.
The revenue from operations in financial year 2025 rose 38% to Rs 1,343.8 crore in comparison to Rs 972.7 crore in the previous fiscal. Sales per square feet were up to Rs 721 per month.
Baazar Style Retail plans to open up to 50 stores annually over the next two years, to drive growth. The multi-brand apparel retailer will focus on expansion into small towns.
Speaking to NDTV Profit, the fashion retail chain’s Managing Director Shreyans Surana said that the company aims to achieve this expansion target while strategically investing in warehouses and maintaining a healthy growth rate.
Baazar Style Retail Share Price Rises
The scrip rose as much as 9.46% to Rs 284.70 apiece, the highest level since Jan. 30. It pared gains to trade 7.36% higher at Rs 279.24 apiece, as of 12:01 p.m. This compares to a 0.41% advance in the NSE Nifty 50.
It has fallen 30.19% since listing and 11.45% year-to-date. Total traded volume so far in the day stood at 3.3 times its 30-day average. The relative strength index was at 69.
All three analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 32.3%.
