Quarterly Result3 Jan 2025, 10:18 pm
Baazar Style Retail Ltd Reports 24% YoY Revenue Growth in Q3FY25, Opens 18 New Stores
AI Summary
Baazar Style Retail Ltd (BSRL) has reported a revenue growth of 24% YoY to Rs 4,116 Mn in Q3FY25 and 33% YoY to Rs 9,983 Mn in 9MFY25. The sales per square feet stood at Rs 879 per month in Q3FY25. The same store sales growth was 10% in 9MFY25 and -3% in Q3FY25 due to the preponement of Durga Puja by 11 days. The demand landscape remains robust and the company is optimistic about the upcoming quarter with the wedding season and Eid around the corner. BSRL has added 37 new stores in the first nine months of FY25, with a total of 199 stores and a total rental area of 17.90 Lakh Sq Ft as of December 31, 2024.
Key Highlights
- Revenue growth of 24% YoY to Rs 4,116 Mn in Q3FY25 and 33% YoY to Rs 9,983 Mn in 9MFY25
- Sales Per Square Feet stood at Rs 879 per month in Q3FY25
- Same Store Sales Growth (SSSG) stood at 10% in 9MFY25 and (-)3% in Q3FY25
- Net addition of 37 new stores in the first nine months of FY25
- Total No. of Stores stood at 199 and the Total Rental area stood at 17.90 Lakh Sq Ft, as of December 31, 2024