Baazar Style Retail Limited · NSE:STYLEBAAZA

Baazar Style Retail — Q2 FY2026 Earnings Presentation

25 slides from Baazar Style Retail's earnings presentation, Nov 10, 2025

  1. Slide 1: Disclosure under Regulation 30 cover letter

    Date: November 10, 2025 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:

  2. Slide 2: Investor Presentation – Q2 & H1FY26

    Baazar Style Retail Limited Investor Presentation – Q2 & H1FY26

  3. 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

  4. Slide 4: Table of Contents

    Table of Contents Q2 & H1FY26 Highlights Business Highlights Annexure 3

  5. 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 Women ✓ Strong Retail footprint in Eastern India with leadership ~35% i

  6. Slide 6: Q2 & H1FY26 Highlights

    oe ® § m, Q2 & H1FY26 Highlights

  7. Slide 7: Key Financial Highlights Q2FY26 – Highest Ever Quarterly Revenue

    Key Financial Highlights Q2FY26 – Highest Ever Quarterly Revenue… Revenue from Operations (Rs Mn) Gross Profit (Rs Mn) EBITDA (Rs Mn) PAT (Rs Mn)  71%  76%  933%  379% Pre INDAS 5,317 155 1,621 333 3,109 921 32 -56 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26  71%  76%  184%  676%

  8. Slide 8: Key Financial Highlights H1FY26 – Highest Ever Half Yearly Revenue

    Key Financial Highlights H1FY26 – Highest Ever Half Yearly Revenue… Revenue from Operations (Rs Mn) Gross Profit (Rs Mn) EBITDA (Rs Mn) PAT (Rs Mn)  55%  63%  132%  692% Pre INDAS 9,096 2,976 244 5,867 584 1,828 252 -41 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26  55%  63%  92% 

  9. Slide 9: Backed by Strong Operational Metrics – Q2FY26

    … Backed by Strong Operational Metrics – Q2FY26 Store Count Rental Area of Stores Average Store Size Sales Per Sq Ft Avg Transaction Value (No.) (Mn Sq Ft) (Sq Ft) (Rs)* (Rs)  36%  38%  22% 9,055 9,183 1,005 997 250 865 184 2.30 708 1.67 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2F

  10. Slide 10: Backed by Strong Operational Metrics – H1FY26

    … Backed by Strong Operational Metrics – H1FY26 Sales Per Sq Ft (Rs)* Avg Transaction Value (Rs) Inventory Days (on Revenue)  12% 977 958 768 685 136 108 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 No of Bills (Mn) Quantity Sold (Mn Units) Trade Payable Days (on Purchases)  55%  58% 34.57 128 10.11

  11. Slide 11: Sales Mix – Q2FY26

    Sales Mix – Q2FY26 Apparels and General Merchandise Apparels – Men, Women and Kids Q2FY25 Q2FY26 Q2FY25 Q2FY26 Revenue: Rs 3,107 Mn Revenue: Rs 5,315 Mn Revenue: Rs 2,693 Mn Revenue: Rs 4,661 Mn Rs 414 Mn, Rs 654 Mn, 13% 12% Rs 738 Mn Rs 1,350 Mn 27% 29% Rs 1,884 Mn Rs 1,114 Mn 41% 40% Rs 2,693 Mn,

  12. Slide 12: Sales Mix – H1FY26

    Sales Mix – H1FY26 Apparels and General Merchandise Apparels – Men, Women and Kids H1FY25 H1FY26 H1FY25 H1FY26 Revenue: Rs 5,864 Mn Revenue: Rs 9,088 Mn Revenue: Rs 5,085 Mn Revenue: Rs 7,912 Mn Rs 779 Mn, Rs 1,176 Mn, 13% 13% Rs 1,404 Mn Rs 2,256 Mn 28% Rs 2,142 Mn 29% Rs 3,239 Mn 42% 41% Rs 5,085

  13. Slide 13: Profit & Loss Highlights (Consolidated – INDAS)

    Profit & Loss Highlights (Consolidated – INDAS) Particulars (Rs Mn) Q2FY26 Q2FY25 YoY Q1FY26 QoQ H1FY26 H1FY25 YoY FY25 Revenue From Operations 5,317 3,109 3,779 9,096 5,867 13,437 Other Income 38 22 29 67 53 90 Total Income 5,355 3,131 71% 3,808 41% 9,162 5,921 55% 13,527 Costs of Goods Sold 3,696

  14. Slide 14: Profit & Loss Highlights (Consolidated – Pre INDAS)

    Profit & Loss Highlights (Consolidated – Pre INDAS) Particulars (Rs Mn) Q2FY26 Q2FY25 YoY Q1FY26 QoQ H1FY26 H1FY25 YoY FY25 Revenue From Operations 5,317 3,109 3,779 9,096 5,867 13,437 Other Income 28 6 6 34 12 26 Total Income 5,345 3,115 72% 3,784 41% 9,130 5,879 55% 13,463 Costs of Goods Sold 3,69

  15. Slide 15: Ind-AS 116: P&L Impact

    Ind-AS 116 : P&L Impact Q2FY26 H1FY26 Pre-Ind Ind AS 116 Post-Ind Pre-Ind Ind AS 116 Post-Ind Particulars (Rs Mn) Particulars (Rs Mn) AS 116 Impact AS 116 AS 116 Impact AS 116 Rent 37.30 (35.81) 1.49 Rent 72.00 (69.02) 2.98 EBITDA 33.33 35.81 69.14 EBITDA 58.36 69.02 127.38 Finance Costs 4.22 12.81

  16. Slide 16: Balance Sheet – Consolidated (IND-AS)

    Balance Sheet – Consolidated (IND-AS) Assets (Rs Mn) Mar-25 Sept-25 Liabilities (Rs Mn) Mar-25 Sept-25 Property, Plant & Equipment 2,534 3,133 Share Capital 373 373 Capital Work-in-progress 116 176 Other Equity 3,664 4,195 Intangible Assets 16 25 Total Equity 4,037 4,568 Intangible Assets Under Deve

  17. Slide 17: Cashflow – Consolidated (IND-AS)

    Cashflow – Consolidated (IND-AS) Particulars (Rs Mn) Sept-24 Sept-25 Net Cash Flow From Operating Activities 676 1,095 Cash Generated/ (Used) In Investing Activities -393 -828 Cash Generated/ (Used) In Financing Activities 153 -36 Net Increase/(Decrease) In Cash And Cash Equivalents 436 231 Cash and

  18. Slide 18: Business Highlights

    Ge cS Business Highlights

  19. Slide 19: 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 250 184 52 34 29 Uttar Pradesh 198 150 95 West Bengal 32 Bihar Arunachal Cluster Based Expansion 1 Strategy Enables: Pradesh H1FY25 H1FY26 Core Market* Focus Market** Total Stores 37 Assam

  20. Slide 20: 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%

  21. Slide 21: 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 59% of overall Revenue or Rs 5,358 Mn in H1FY26. 59% ✓ Strategic focus on building brand visibility through

  22. Slide 22: Branding Initiatives

    i) Branding Initiatives 21

  23. Slide 23: Annexure

    cd) — S x< O c Cc <x

  24. Slide 24: Store Images

    Store Images 23

  25. Slide 25: Connect

    Connect 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 — Q2 FY2026 Earnings Presentation on 6ix