Baazar Style Retail Targets ₹5,600 Cr Turnover by FY29
Baazar Style Retail Limited announced an ambitious growth roadmap, targeting a turnover of ₹5,600 Cr and 600 stores by FY29. The company currently operates 293 stores across 10 states and plans to expand through a cluster-based growth strategy, focusing on Tier-III and Tier-IV markets. They reported H1 FY27 turnover of ₹965 Cr and anticipate stronger performance in Q3 and Q4 FY27, with revenue guidance of ₹2,500 Cr for FY27, ₹3,800 Cr for FY28, and ₹5,600 Cr for FY29. Additionally, Baazar Style Retail is investing in a 325 MW solar power generation project through its subsidiary, Sunright Private Limited, aiming for partial operationalization within 12 months and full operationalization within 24 months. This renewable energy project is expected to save ₹30 Crores annually on electricity expenses and has a projected payback period of 4 years.
Key Highlights
- Targets ₹5,600 Cr turnover and 600 stores by FY29.
- Current store network stands at 293 stores across 10 states.
- H1 FY27 turnover reported at ₹965 Cr; FY27 revenue target is ₹2,500 Cr.
- Investing in a 325 MW solar power project for sustainability and cost savings.
- Private-label contribution aims to reach 65% of revenue.
Price Impact
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