Baazar Style Retail registers 21% decline in net profit in Q3, FY25
30 January 2025, Mumbai
Baazar Style Retail’s Q3, FY25 net profit declined by 21 per cent Y-o-Y to Rs 30 crore ($3.6 million) as against Rs 38 crore in the corresponding quarter in the previous year.
The company reported a 24 per cent Y-o-Y rise in revenue for the quarter to Rs 412 crore, as against Rs 333 crore in the corresponding quarter of the previous fiscal year.
Its total expenses rose by 29 per cent Y-o-Y to Rs 3,721 crore during the quarter. Optimistic about the upcoming quarter, the company anticaipates strong demand for its apparel in Q4, FY25.
The company also added 15 new stores during the quarter, taking its total store count to 199 as of December 31, 2024.
A value fashion retailer, Bazaar Style Retail has a strong presence in the eastern states of West Bengal and Odisha.
