Baazar Style Retail Limited · NSE:STYLEBAAZA
Baazar Style Retail — Q2 & H1FY25 Earnings Presentation
36 slides from Baazar Style Retail's earnings presentation, Nov 7, 2024
Slide 1: Disclosure under Regulation 30 cover letter
Date: November 7, 2024 BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C-1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 544243 Trading Symbol: STYLEBAAZA Dear Sir/Madam, Subject:
Slide 2: Investor Presentation – Q2 & H1FY25
Baazar Style Retail Limited Investor Presentation – Q2 & H1FY25
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 Q2 & H1FY25 Highlights Company Overview Annual Financials Annexure 3
Slide 5: Q2 & H1FY25 Highlights
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Slide 6: Key Financial Highlights
Key Financial Highlights Revenue Gross Profit EBITDA Cash Profit* Rs 3,109 Mn Rs 939 Mn Rs 244 Mn Rs 136 Mn Q2FY25 65% YOY 71% YOY 184% YOY 557% YOY 13% QOQ Gross Margin: 30.2% EBITDA Margin: 7.8% H1FY25 Rs 5,867 Mn Rs 1,846 Mn Rs 664 Mn Rs 341 Mn 41% YOY 43% YOY 55% YOY 38% YOY Gr
Slide 7: Key Operational Metrics - Q2FY25
Key Operational Metrics - Q2FY25 Store Count (No.) Rental Area of Stores Average Store Size (Sq Ft) No of Bills (Mn) (Mn Sq Ft) 9,255 9,055 3.32 184 1.67 1.33 2.12 144 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Quantity Sold (Mn) Avg Transaction Value (Rs) Sales Per Sq Ft (Rs)* Same Sto
Slide 8: Key Operational Metrics - H1FY25
Key Operational Metrics - H1FY25 No of Bills (Mn) Quantity Sold (Mn) Avg Transaction Value (Rs) 982 977 22.24 6.41 16.09 4.54 H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 Sales Per Sq Ft (Rs)* Same Store Sales Growth 685 21% 574 -16% H1FY24 H1FY25 H1FY24 H1FY25 *Per Month 7
Slide 9: Sales Mix (1/2)
Sales Mix (1/2) Apparels and General Merchandise Apparels – Men, Women and Kids Q2FY24 Q2FY25 Q2FY24 Q2FY25 Rs 339 Mn, Rs 414 Mn, 13.3% Rs 390 Mn Rs 738 Mn 18.0% 25.3% 27.4% Rs 1,882 Mn Rs 3,107 Mn Rs 1,543 Mn Rs 2,693 Mn Rs 662 Mn Rs 1,114 Mn Rs 1,543 Mn, 75% YOY Rs 491 Mn 42.9% Rs 841 Mn 41.4% R
Slide 10: Sales Mix (2/2)
Sales Mix (2/2) Private Label Contribution (%) Markets – Core and Focus Q2FY24 Q2FY25 Q2FY24 Q2FY25 Rs 1,708 Mn, Rs 1,146 Mn, 55.0% Rs 217 Mn Rs 402 Mn 60.9% 11.5% 12.9% Rs 1,882 Mn Rs 3,107 Mn Rs 1,882 Mn Rs 3,107 Mn 90% YOY Rs 1,665 Mn Rs 736 Mn, Rs 1,399 Mn, Rs 2,705 Mn 39.1% 45.0% 88.5% 87.1%
Slide 11: P & L – Consolidated (IND-AS)
P & L – Consolidated (IND-AS) Particulars (Rs Mn) Q2FY25 Q2FY24 YOY Q1FY25 QoQ H1FY25 H1FY24 YoY Revenue From Operations 3,109 1,884 2,758 5,867 4,161 Other Income 22 11 31 53 27 Total Income 3,131 1,896 65% 2,789 12% 5,921 4,188 41% Costs of Goods Sold 2,170 1,335 1,851 4,021 2,868 Gross Profit 939
Slide 12: P & L – Standalone (IND-AS)
P & L – Standalone (IND-AS) Particulars (Rs Mn) Q2FY25 Q2FY24 YOY Q1FY25 QoQ H1FY25 H1FY24 YoY Revenue From Operations 3,109 1,884 2,757 5,866 4,161 Other Income 22 11 31 53 27 Total Income 3,131 1,896 65% 2,789 12% 5,919 4,188 41% Costs of Goods Sold 2,170 1,335 1,851 4,021 2,868 Gross Profit 939 5
Slide 13: P & L – Consolidated (IGAAP)
P & L – Consolidated (IGAAP) Particulars (Rs Mn) Q2FY25 Q2FY24 YOY Q1FY25 QoQ H1FY25 H1FY24 YoY Revenue From Operations 3,109 1,884 2,758 5,867 4,161 Other Income 6 6 6 12 10 Total Income 3,115 1,890 65% 2,764 13% 5,879 4,171 41% Costs of Goods Sold 2,170 1,335 1,851 4,021 2,868 Gross Profit 939 550
Slide 14: P & L – Standalone (IGAAP)
P & L – Standalone (IGAAP) Particulars (Rs Mn) Q2FY25 Q2FY24 YOY Q1FY25 QoQ H1FY25 H1FY24 YoY Revenue From Operations 3,109 1,884 2,757 5,866 4,161 Other Income 6 6 6 12 10 Total Income 3,115 1,890 65% 2,763 13% 5,878 4,171 41% Costs of Goods Sold 2,170 1,335 1,851 4,021 2,868 Gross Profit 939 550 7
Slide 15: Branding Initiatives
Branding Initatives SALE UPTO 50%
Slide 16: New Stores Opened During Q2FY25
New Stores Opened During Q2FY25 Hazaribagh, Jharkhand Jalpaiguri, West Bengal Santragachi, West Bengal Cuttack, Odisha 15
Slide 17: Key Growth Strategies
Key Growth Strategies Strengthen Market Position Supply Chain Management 1 2 Aim to expand store count Continue to invest in further through deeper strengthening our supply chain penetration in core markets and management and human capital to forming new clusters in focus further reduce our operatin
Slide 18: Company Overview
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Slide 19: Style Baazar – One Of The Leading Value Fashion Retailers
Style Baazar – One Of The Leading Value Fashion Retailers About the Company Product Offerings Baazar Style Retail Ltd is a Value Fashion Retailer established in 2013 and based in Kolkata. Men We are a one-stop shop catering: Women ✓ Family-Oriented Shopping ✓ Customer-Centric Kids ✓ Affordable Fashi
Slide 20: Journey so far
Journey so far • Incorporated on • Entered into New • Entered into New geography • Incorporation of our wholly- June 3, 2013. geography Bihar and Andhra Pradesh. owned Subsidiary. Tripura. • Crossed Rs 5,000 mn Revenue. • Crossed an aggregate of 1.67 • 1st Store Opened in September 2013 at • Retail
Slide 21: Key Business Strengths
Key Business Strengths One of the fastest growning value retailer in eastern India with market leadership in West Bengal 01 and Odisha 02 Accelerated store expansion through a cluster-based approach Strong understanding of customer preferences to offer a comprehensive, targeted and affordable 03 pro
Slide 22: One of the Fastest Growing Value Retailer in Eastern India
One of the Fastest Growing Value Retailer in Eastern India North & East Region market share for Value Retail Store Count - Core and Focus Market (Lifestyle & Home) (Rs Cr) 162 135 30 106 21 11 114 132 95 FY22 FY23 FY24 3,09,867 4,58,675 Core Market* Focus Market** Total Stores CAGR ~14% 47% 47% Reve
Slide 23: Accelerated Store Expansion Through A Cluster-based Approach
Accelerated Store Expansion Through A Cluster-based Approach Strategically Located Stores Cluster based expansion strategy enables: 30 • To increase efficiencies in supply chain and 17 12 inventory management processes • Strengthen brand visibility in local markets • Optimize marketing expenditure 7
Slide 24: Vast Product Offering, Affordable Product Mix; Private Label Brands
Vast Product Offering, Affordable Product Mix; Our Private Label Brands Leading To Customer Loyalty One Stop Family Experience With Comprehensive Quality Product Offering At Affordable Pricing Product Offering Across Categories Men & Boys’ Apparel Men’s Apparel Men’s Apparel Women’s Apparel Women’s
Slide 25: High Operational Efficiency and Lean Cost Structure
High Operational Efficiency and Lean Cost Structure led by Focus On Business Process & Automation Financial Information And Warehouse And Inventory Data Management Management Use an integrated and robust information technology system. Tableau Auto replenishment system and WMS Tableau helps us to und
Slide 26: Targeted Marketing & Promotional Activities
Targeted Marketing & Promotional Activities leading to growing Brand Salience and Customer Loyalty Marketing Spend (INR Million) Awards & Achievements 1.65% 1.52% 161 Inhouse Marketing Personnel 1.41% 119 78 13 FY22 FY23 FY24 Marketing Spend (Rs Mn) Social Patronage Pride of Bengal (Followers across
Slide 27: Strong Promoters and Experienced Board of Directors
Strong Promoters and Experienced Board of Directors Promoters Pradeep Kumar Agarwal Shreyans Surana Rohit Kedia Bhagwan Prasad Rajendra Kumar Surana Chairman and WTD Managing Director Whole-time Director Whole-time Director Mentor Board of Directors Ushma Seth Sule Dr. Dhanpat Ram Agarwal Richa Mano
Slide 28: Annual Financials
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Slide 29: Key Financial Highlights
Key Financial Highlights Revenue (Rs Mn) Gross Profit (Rs Mn) & Margin (%) EBITDA (Rs Mn) & Margin (%) 33.5% 14.6% 9,729 12.9% 32.2% 7,879 3,260 12.4% 1,422 31.8% 5,511 2,540 1,015 1,753 683 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 PAT (Rs Mn) ROCE ROE 219 18% 11% 14% 3% 51 7% -80 -7% FY22 FY23
Slide 30: Key Operational Metrics
Key Operational Metrics Store Count (No.) Rental Area of Stores Average Store Size (Sq Ft) No of Bills (Mn) (Mn Sq Ft) 9,628 10.04 1.47 162 1.25 8.22 135 1.02 9,289 106 5.75 9,046 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 Quantity Sold (Mn) Avg Transaction Value (Rs) Sales Per Sq F
Slide 31: P & L – Consolidated (IND-AS)
P & L – Consolidated (IND-AS) Particulars (Rs Mn) FY22 FY23 FY24 Revenue From Operations 5,511 7,879 9,729 Other Income 100 65 99 Total Income 5,611 7,944 9,828 Costs of Goods Sold 3,758 5,339 6,469 Gross Profit 1,753 2,540 3,260 Gross Profit Margin 31.8% 32.2% 33.5% Employee Expenses 464 685 845 Ot
Slide 32: Balance Sheet – Consolidated (IND-AS)
Balance Sheet – Consolidated (IND-AS) Assets (Rs Mn) Mar 22 Mar 23 Mar 24 Sep 24 Liabilities (Rs Mn) Mar 22 Mar 23 Mar 24 Sep 24 Property, Plant & Equipment 1,052 1,346 1,902 2,191 Share Capital 333 349 349 373 Capital Work-in-progress 26 15 69 40 Other Equity 1,105 1,587 1,802 3426 Intangible Asset
Slide 33: Cashflow – Consolidated (IND-AS)
Cashflow – Consolidated (IND-AS) Particulars (Rs Mn) FY22 FY23 FY24 H1FY25 Net Cash Flow From Operating Activities 155.9 329.1 1116.2 676.0 Cash Generated/ (Used) In Investing Activities -265.3 -430.2 -845.4 -393.1 Cash Generated/ (Used) In Financing Activities 285.3 -77.2 -181.4 153.2 Net Increase/
Slide 34: Annexure
Annexure Tee
Slide 35: Store Images
Store Images 34
Slide 36: Connect
Connect CIN No. U18109WB2013PLC194160 Mr Abinash Singh abinash.singh@stylebaazar.com Stellar IR Advisors Pvt. Ltd. Rajesh Agarwal | Suyash Samant rajesh@stellar-ir.com | suyash@stellar-ir.com
Baazar Style Retail — Q2 & H1FY25 Earnings Presentation on 6ix