The Quarter story
The two most recent quarterly results, compared side-by-side.
Baazar Style Retail expands its store network and sustains revenue growth, though profitability faces pressure from shrinking basket sizes and seasonal cost volatility.
Store count grew from 232 in Q1 FY26 to 276 in Q1 FY27, expanding the retail footprint to capture more local demand.
Average transaction value fell from ₹1,005 in Q2 FY26 to ₹933 in Q1 FY27, indicating shrinking basket sizes per customer.
Private label revenue rose from ₹2,290 Cr in Q1 FY26 to ₹3,006 Cr in Q1 FY27, sustaining a 62% share of total sales.
EBITDA margin declined from 15.4% in Q1 FY26 to 5.6% in Q1 FY27, signaling mounting cost pressures on operational profits.
Focus market revenue climbed from ₹726 Cr in Q1 FY26 to ₹1,086 Cr in Q1 FY27, confirming successful entry into new regions.
PAT margin dropped from 9.7% in Q2 FY26 to 1.9% in Q1 FY27, tightening net profitability after the festive peak.
Sales per sq ft held steady from ₹663 in Q1 FY26 to ₹679 in Q1 FY27, keeping existing stores productive despite expansion.
Other expenses surged to ₹1,954 Cr in Q4 FY26 before moderating to ₹968 Cr in Q1 FY27, reflecting heavy seasonal marketing and operational spend.
Quantity sold rebounded from 14.9 in Q3 FY26 to 19.9 in Q1 FY27, showing resilient unit demand across the network.
Pre-INDAS gross margin slipped from 35.9% in Q1 FY26 to 30.2% in Q4 FY26, highlighting persistent pricing and discounting pressure.
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