Baazar Style Retail Limited · NSE:STYLEBAAZA
Baazar Style Retail — Q3 FY2026 Earnings Presentation
28 slides from Baazar Style Retail's earnings presentation, Feb 6, 2026
Slide 1: Disclosure under Regulation 30 cover letter
Date: February 6, 2026 BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, Plot No. C-1, G Block, Bandra-Kurla Mumbai - 400 001 Complex, Bandra (East), Mumbai - 400 051 Scrip Code: 544243 Trading Symbol: STYLEBAAZA Dear Sir/Madam, Subject:
Slide 2: Investor Presentation – Q3 & 9MFY26
Baazar Style Retail Limited Investor Presentation – Q3 & 9MFY26
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Baazar Style Retail Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Table of Contents
Table of Contents Q3 & 9MFY26 Highlights Business Highlights Annexure 3
Slide 5: Style Baazar – One Of The Leading Value Fashion Retailers in Eastern India
Style Baazar – One Of The Leading Value Fashion Retailers in Eastern India About the Company Product Offering ✓ Established in 2013, Baazar Style Retail Ltd is a Value Men Fashion Retailer based out of Kolkata 3-year CAGR – FY25 ✓ Strong retail footprint across Eastern India, with a Women dominant p
Slide 6: Q3 & 9MFY26 Highlights
oe ® § m, Q3 & IMFY26 Highlights
Slide 7: Key Financial Highlights Q3FY26
Key Financial Highlights Q3FY26 – Healthy Quarterly Revenue… Revenue from Operations (Rs Mn) Gross Profit (Rs Mn) EBITDA (Rs Mn) PAT* (Rs Mn) 13% 14% Pre INDAS 4,665 1,773 575 358 1,553 238 4,116 492 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 13% 14% 7% INDAS 4,665 1,773 894 3
Slide 8: Key Financial Highlights 9MFY26 – Highest Ever Nine Months Revenue
Key Financial Highlights 9MFY26 – Highest Ever Nine Months Revenue… Revenue from Operations (Rs Mn) Gross Profit (Rs Mn) EBITDA (Rs Mn) PAT (Rs Mn) 38% 40% 30% 52% Pre INDAS 13,760 4,749 9,983 3,381 1,076 827 482 317 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 38% 40% 45%
Slide 9: Backed by Strong Operational Metrics – Q3FY26
… Backed by Strong Operational Metrics – Q3FY26 Store Count (No.) Rental Area of Stores (Mn Sq Ft) Average Store Size (Sq Ft) Average Transaction Value (Rs) 27% 31% 4% 9,322 8,999 1,031 992 252 199 2.35 1.79 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 No of Bills (Mn) Quantity Sold
Slide 10: Backed by Strong Operational Metrics – 9MFY26
… Backed by Strong Operational Metrics – 9MFY26 Sales Per Sq Ft (Rs)* Avg Transaction Value (Rs) Inventory Days (on Revenue) 1% 998 969 737 743 111 102 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 No of Bills (Mn) Quantity Sold (Mn Units) Trade Payable Days (on Purchases) 42% 40% 72 77 49.49 15.1
Slide 11: Sales Mix – Q3FY26
Sales Mix – Q3FY26 Apparels and General Merchandise Apparels – Men, Women and Kids Q3FY25 Q3FY26 Q3FY25 Q3FY26 Revenue: Rs 4,114 Mn Revenue: Rs 4,662 Mn Revenue: Rs 3,588 Mn Revenue: Rs 3,992 Mn Rs 526 Mn, Rs 670 Mn, 13% 14% Rs 1,020 Mn Rs 1,161 Mn 28% Rs 1,515 Mn 29% Rs 1,628 Mn 42% 41% Rs 3,588 Mn
Slide 12: Sales Mix – 9MFY26
Sales Mix – 9MFY26 Apparels and General Merchandise Apparels – Men, Women and Kids 9MFY25 9MFY26 9MFY25 9MFY26 Revenue: Rs 9,978 Mn Revenue: Rs 13,750 Mn Revenue: Rs 8,673 Mn Revenue: Rs 11,904 Mn Rs 1,305 Mn, Rs 1,846 Mn, 13% 13% Rs 2,424 Mn Rs 3,417 Mn 28% Rs 3,658 Mn 29% Rs 4,868 Mn 42% 41% Rs 8,
Slide 13: Secured Strategic Investment of Rs 331.53 Cr & Growth Roadmap (1/2)
Secured Strategic Investment of Rs 331.53 Cr & Growth Roadmap (1/2) Cupid Limited is India’s leading FMCG Scalable Growth Potential Expected Financial Outcome Enhanced Value Proposition manufacturer, globally WHO/UNFPA prequalified in its category, with Phased Store Expansion: Debt Reduction: Divers
Slide 14: Secured Strategic Investment of Rs 331.53 Cr & Growth Roadmap (2/2)
Secured Strategic Investment of Rs 331.53 Cr & Growth Roadmap (2/2) Mr. Shreyans Surana, Managing Director, of Baazar Style Retail Limited, said “We are pleased to welcome Cupid Limited as a key stakeholder. Their strong brand portfolio and manufacturing capabilities will significantly strengthen ou
Slide 15: Profit & Loss Highlights (Consolidated – INDAS)
Profit & Loss Highlights (Consolidated – INDAS) Particulars (Rs Mn) Q3FY26 Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY FY25 Revenue From Operations 4,665 4,116 13% 5,317 -12% 13,760 9,983 38% 13,437 Other Income 22 19 38 89 72 90 Total Income 4,687 4,135 13% 5,355 -12% 13,849 10,055 38% 13,527 Costs of
Slide 16: Profit & Loss Highlights (Consolidated – Pre INDAS)
Profit & Loss Highlights (Consolidated – Pre INDAS) Particulars (Rs Mn) Q3FY26 Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY FY25 Revenue From Operations 4,665 4,116 13% 5,317 -12% 13,760 9,983 38% 13,437 Other Income 8 5 28 42 17 26 Total Income 4,673 4,121 13% 5,345 -13% 13,802 10,000 38% 13,463 Costs o
Slide 17: Business Highlights
Ge cS Business Highlights
Slide 18: Fast Growing Value Retailer in Eastern India, through a Cluster-based Approach
Fast Growing Value Retailer in Eastern India, through a Cluster-based Approach Consistently Growing Store Count 252 199 53 39 30 Uttar Pradesh 199 160 94 West Bengal Cluster Based Expansion 33 Bihar Arunachal Strategy Enables: 1 Pradesh 9MFY25 9MFY26 Core Market* Focus Market** Total Stores 38 Assam
Slide 19: Providing a One-Stop Family Experience for Quality Products At Affordable Pricing
Providing a One-Stop Family Experience for Quality Products At Affordable Pricing Comprehensive Product Offering Across Categories to Meet the Needs of the Entire Family Presence Across theTier 1, 2 and 3 Tier-3&4 Markets Underpenetrated Men Women Kids General Merchandise 4% 18% Metro - Kolkata 47%
Slide 20: Growing Private Label Contribution - Testament to Our Focus on Brand Building
Growing Private Label Contribution - Testament to Our Focus on Brand Building Private Label Revenue CAGR of ~64% over the past 3 years ✓ Healthy portfolio of 11 Private Labels contributing to 54% of overall Revenue or Rs 7,403 Mn in 9MFY26. 54% ✓ Strategic focus on building brand visibility through
Slide 21: Branding Initiatives
i) Branding Initiatives 20
Slide 22: Awards & Recognitions
Awards & Recognitions Recognized at the Asian Brand & Leadership Conclave 2025 by The Brand Story – Watch Video Kolkata Retail Summit 2025 21
Slide 23: Annual Financials
“inh, Annual Financials
Slide 24: Profit & Loss – Consolidated (IND-AS)
Profit & Loss – Consolidated (IND-AS) Particulars (Rs Mn) FY23 FY24 FY25 Revenue From Operations 7,879 9,729 13,437 Other Income 65 99 90 Total Income 7,944 9,828 13,527 Costs of Goods Sold 5,339 6,481 8,913 Gross Profit* 2,540 3,247 4,524 Gross Profit Margin* 32.2% 33.4% 33.7% Employee Expenses 685
Slide 25: Balance Sheet – Consolidated (IND-AS)
Balance Sheet – Consolidated (IND-AS) Assets (Rs Mn) Mar-23 Mar-24 Mar-25 Sept-25 Liabilities (Rs Mn) Mar-23 Mar-24 Mar-25 Sept-25 Property, Plant & Equipment 1,346 1,902 2,534 3,133 Share Capital 349 349 373 373 Capital Work-in-progress 15 69 116 176 Other Equity 1,587 1,802 3,664 4,195 Intangible
Slide 26: Annexure
cd) — S x< O c Cc <x
Slide 27: Store Images
Store Images 26
Slide 28: Contact Us
Contact Us CIN No. L18109WB2013PLC194160 Mr Abinash Singh abinash.singh@stylebaazar.com Stellar IR Advisors Pvt. Ltd. Pooja Sharma| Suyash Samant pooja@stellar-ir.com | suyash@stellar-ir.com
Baazar Style Retail — Q3 FY2026 Earnings Presentation on 6ix