Baazar Style Retail Ltd. Results

Q2FY25 Quarterly Result Announced for Baazar Style Retail Ltd.

Department Stores company Baazar Style Retail announced Q2FY25 results Financial Highlights: Revenue Rs 3,109 million, change 65% YoY & 13% QoQ. Gross Profit: Rs 939 million, change 71% YoY & Gross Margin: 30.2%. EBITDA: Rs 244 million, change 184% YoY & EBITDA Margin: 7.8%. Cash Profit: Rs 136 million change 557% YoY. Other Highlights: Strong demand scenario continued in Q2FY25 both YoY and QoQ. Net addition of 18 stores in Q2FY25 taking the total Store Count to 184 as of Sep’24 (vs 144 stores as of Sep’23). Private Label Sales share increased to ~49% of Total Sales in H1FY25 (vs 38% in H1FY24). Inventory days (on Revenue) reduced by 17 days YoY to 137 days as of H1FY25.