Quarterly results for Baazar Style Retail Ltd

Baazar Style Retail Limited – Q1 FY26 Results Summary
Announcement Date: August 1, 2025

• Revenue: ₹37,783 lakhs (Standalone), up 37% YoY (₹27,571 lakhs) and 9% QoQ (₹34,532 lakhs). Consolidated revenue ₹37,786 lakhs, consistent with standalone.
• Profitability:
• Profit after tax (PAT) stood at ₹207 lakhs (Standalone), reversing losses in Q4 FY25 (₹-640 lakhs) and Q1 FY25 (₹-39 lakhs).
• Earnings per share (EPS) at ₹0.28 vs negative EPS in prior periods.
• Profit before exceptional items and tax was ₹362 lakhs vs loss of ₹-938 lakhs in prior quarter.
• Margins: EBITDA margin improved with positive operating profit before exceptional items.
• Exceptional Items: Net exceptional loss of ₹76.60 lakhs in Q1 FY26 related to settlement of insurance claim for property, plant & equipment fire loss from May 2024 incident. Inventory fire loss insurance claim remains under assessment; management confident of recovery.
• Balance Sheet / Other Financials: No material changes disclosed; subsidiary Konnect Style Retail Private Limited’s results immaterial to consolidated figures.
• Management Commentary:
• Fire incident in May 2024 caused significant inventory and PPE losses; insurance claims recognized accordingly.
• Civil unrest in April 2025 caused minor inventory loss, fully insured with no net impact on results.
• No changes in accounting policies; prior period figures reclassified for consistency.
• Segment Performance: Single operating segment – Retail Sales; no segment-wise or geographic breakdown provided.
• Corporate Developments:
• Appointment of Secretarial Auditor for FY26-FY30.
• Appointment of Mr. Alok Kumar Prakash as Assistant Vice President – Supply Chain Management (effective August 1, 2025).
• Board approved proposed amendments to Articles of Association, subject to shareholder approval.
• Outlook: No explicit guidance provided for upcoming quarters.

This summary reflects Baazar Style Retail Limited’s recovery in profitability in Q1 FY26 post exceptional fire-related losses, ongoing insurance claim processes, and corporate governance updates.

Note: This is an AI generated summary of the results. There may be inaccuracies in the summary. Please refer to the original document before making investment decisions.