Baazar Style Retail FY26 revenue jumps 37% to Rs 1,841 Cr; PAT triples as private labels cross 53% of sales
Kolkata-based value fashion chain closed FY26 with EBITDA up 40% to Rs 264 Cr and PAT up 220% to Rs 47 Cr. Store count expanded to 263 from 214, with 2.46 Mn sq ft of retail area. Management guides 25% revenue growth and 7-8% SSSG for FY27, targeting 450-500 stores in three years and a personal care foray via Rs 331 Cr Cupid investment.
What happened
Baazar Style Retail's FY26 revenue grew 37% to Rs 1,841 cr, PAT up 220%. Store count rose to 263; private labels hit 53% of sales. Cupid Ltd committed Rs 331
Key facts
- Revenue Rs 18,409 Mn (+37% YoY)
- EBITDA Rs 2,641 Mn (+40%)
- PAT Rs 469 Mn (+220%)
- 263 stores (from 214)
- 2.46 Mn sq ft retail area (+28%)
- Private label revenue Rs 9,770 Mn (+62%, 53% of revenue)
- Focus state revenue Rs 3,248 Mn (+57%)
- Cupid investment Rs 331.53 cr (Rs 119.81 cr received)
- FY27 guidance: 25% revenue growth, 7-8% SSSG
- 450-500 store target in 3 years
Why this matters
The Rs 331 Cr Cupid stake signals Baazar Style is pivoting from pure-play value fashion to a multi-category value retail platform, opening adjacency M&A in personal care, beauty, and potentially home.