Baazar Style Retail Limited · NSE:STYLEBAAZA
Baazar Style Retail — Q1 FY2025 Earnings Presentation
35 slides from Baazar Style Retail's earnings presentation, Sep 25, 2024
Slide 1: Disclosure under Regulation 30 cover letter
Date: September 25, 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 – Q1FY25
Baazar Style Retail Limited Investor Presentation – Q1FY25
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 Q1FY25 Highlights Company Overview Annual Financials Annexure 3
Slide 5: Q1FY25 Highlights
Ss Q1FY25 Highlights
Slide 6: Key Financial Highlights – Q1FY25
Key Financial Highlights – Q1FY25 Revenue Gross Profit EBITDA PBT* Rs 2,758 Mn Rs 907 Mn Rs 420 Mn Rs 101 Mn Gross Margin: 32.9% EBITDA Margin: 15.2% PBT Margin: 3.7% 21% YOY 22% YOY 23% YOY 33% YOY Business Commentary • Q1FY25 continued to witness healthy volume growth overall, and strong g
Slide 7: 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) 9,313 1.50 9,032 3.08 166 1.30 2.42 140 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Quantity Sold (Mn) Avg Transaction Value (Rs) Sales Per Sq Ft (Rs)* Same Store Sales
Slide 8: Sales Mix (1/2)
Sales Mix (1/2) Apparels and General Merchandise Apparels – Men, Women and Kids Q1FY24 Q1FY25 Q1FY24 Q1FY25 Rs 366 Mn, Rs 365 Mn, 16.1% 13.2% Rs 538 Mn Rs 666 Mn 28.2% 27.8% Rs 2,273 Mn Rs 2,757 Mn Rs 1,907 Mn Rs 2,392 Mn Rs 815 Mn Rs 1,028 Mn Rs 1,907 Mn, 25% YOY Rs 2,392 Mn, Rs 554 Mn 42.7% Rs 6
Slide 9: Sales Mix (2/2)
Sales Mix (2/2) Private Label Contribution (%) Markets – Core and Focus Q1FY24 Q1FY25 Q1FY24 Q1FY25 Rs 1,422 Mn, Rs 1,312 Mn, 62.6% 47.6% Rs 420 Mn Rs 263 Mn 15.2% Rs 2,273 Mn Rs 2,757 Mn Rs 2,273 Mn 11.6% Rs 2,757 Mn Rs 851 Mn, 70% YOY Rs 1,445 Mn, Rs 2,337 Mn Rs 2,010 Mn 37.4% 52.4% 88.4% 84.8%
Slide 10: P & L – Consolidated (IND-AS)
P & L – Consolidated (IND-AS) Particulars (Rs Mn) Q1FY25 Q1FY24 YoY Q4FY24 QoQ FY24 FY23 YoY Revenue From Operations 2,758 2,277 2,235 9,729 7,879 Other Income 31 15 13 99 65 Total Income 2,789 2,292 22% 2,248 24% 9,828 7,944 24% Costs of Goods Sold 1,851 1,533 1,510 6,469 5,339 Gross Profit 907 744
Slide 11: P & L – Standalone (IND-AS)
P & L – Standalone (IND-AS) Particulars (Rs Mn) Q1FY25 Q1FY24 YoY Q4FY24 QoQ FY24 FY23 YoY Revenue From Operations 2,757 2,277 2,234 9,727 7,879 Other Income 31 15 13 99 65 Total Income 2,789 2,292 22% 2,247 24% 9,826 7,944 24% Costs of Goods Sold 1,851 1,533 1,509 6,467 5,339 Gross Profit 906 744 2
Slide 12: P & L – Consolidated (IGAAP)
P & L – Consolidated (IGAAP) Particulars (Rs Mn) Q1FY25 Q1FY24 YoY Q4FY24 QoQ FY24 FY23 YoY Revenue From Operations 2,758 2,277 2,235 9,729 7,879 Other Income 6 4 11 27 31 Total Income 2,764 2,281 21% 2,246 23% 9,756 7,910 23% Costs of Goods Sold 1,851 1,533 1,510 6,469 5,339 Gross Profit 907 744 22
Slide 13: P & L – Standalone (IGAAP)
P & L – Standalone (IGAAP) Particulars (Rs Mn) Q1FY25 Q1FY24 YoY Q4FY24 QoQ FY24 FY23 YoY Revenue From Operations 2,757 2,277 2,234 9,727 7,879 Other Income 6 4 11 27 31 Total Income 2,763 2,281 21% 2,245 23% 9,753 7,910 23% Costs of Goods Sold 1,851 1,533 1,509 6,467 5,339 Gross Profit 906 744 22%
Slide 14: Branding Initiatives
Branding Initatives SALE UPTO 50%
Slide 15: New Stores Opened During Q1FY25
New Stores Opened During Q1FY25 James Long Sarani, West Bengal Adityapur, Jharkhand Jorhat, Assam 14
Slide 16: 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 17: Company Overview
SZ Company Overview 16
Slide 18: Style Baazar – One Of The Leading Value Fashion Retailers
Style Baazar – One Of The Leading Value Fashion Retailers Baazar Style Retail Ltd is a value fashion retailer established in 2013 Financial Metrics – FY24 and based in Kolkata. We are a one-stop shop catering to the Rs 9,729 Mn Rs 3,260 Mn Rs 1,422 Mn Revenue from Operations Gross Profit EBITDA requ
Slide 19: Journey so far
Journey so far • Incorporation of our wholly- owned Subsidiary. • Incorporated on • Entered into New • Entered into New geography • Crossed an aggregate of June 3, 2013. geography Bihar and Andhra Pradesh. 1.40 mn sq.ft. of retail Tripura. space. • 1st Store Opened in • Crossed Rs 5,000 mn Revnue. S
Slide 20: 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 21: 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 4,58,675 3,09,867 Core Market* Focus Market** Total Stores CAGR ~14% 47% 47% Reve
Slide 22: Accelerated Store Expansion Through A Cluster-based Approach
Accelerated Store Expansion Through A Cluster-based Approach Strategically Located Stores Cluster based expansion strategy enables: 26 • To increase efficiencies in supply chain and inventory management processes • Strengthen brand visibility in local markets • Optimize marketing expenditure 63 • Ef
Slide 23: Vast Product Offering, Affordable Product Mix And Private Label Brands
Vast Product Offering, Affordable Product Mix And 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’ Men’s Apparel Men’s Apparel Women’s Apparel Women’s Appar
Slide 24: High Operational Efficiency And Lean Cost Structure
High Operational Efficiency And Lean Cost Structure Due To Strong Focus On Business Process And Automation FINANCIAL WAREHOUSE AND INVENTORY INFORMATION AND MANAGEMENT DATA MANAGEMENT Use an integrated and robust information technology system. Auto replenishment system and WMS Tableau provides with
Slide 25: Targeted Marketing And Promotion Activities
Targeted Marketing And Promotion Activities Enabling Increasing Brand Salience And Garnering Customer Loyalty Marketing Spend (INR Million) Awards & Achievements 1.65% 1.52% 161 1.41% 119 78 Inhouse Marketing Personnel FY22 FY23 FY24 13 Pride of Bengal Marketing Spend (Rs Mn) Marketing Spend (%) IMA
Slide 26: 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 27: Annual Financials
Annual Financials 26
Slide 28: 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 29: Key Operational Metrics
Key Operational Metrics Rental Area of Stores Average Store Size (Sq Ft) No of Bills (Mn) Store Count (No.) (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 30: 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 31: Balance Sheet – Consolidated (IND-AS)
Balance Sheet – Consolidated (IND-AS) Assets (Rs Mn) FY22 FY23 FY24 Liabilities (Rs Mn) FY22 FY23 FY24 Property, Plant & Equipment 1,052 1,346 1,902 Share Capital 333 349 349 Capital Work-in-progress 26 15 69 Other Equity 1,105 1,587 1,802 Intangible Assets 6 9 13 Total Equity 1,438 1,936 2,151 Inta
Slide 32: Cashflow – Consolidated (IND-AS)
Cashflow – Consolidated (IND-AS) Particulars (Rs Mn) FY22 FY23 FY24 Net Cash Flow From Operating Activities 155.9 329.1 1116.2 Cash Generated/ (Used) In Investing Activities -265.3 -430.2 -845.4 Cash Generated/ (Used) In Financing Activities 285.3 -77.2 -181.4 Net Increase/(Decrease) In Cash And Cas
Slide 33: Annexure
Annexure 32
Slide 34: Store Images
Store Images 33
Slide 35: 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
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