12 November 2024, Mumbai
Baazar Style Retail plans to penetrate deeper into its core markets while also forming new clusters in focus markets.
Besides, the company also plans to expand its store count. In Q2, FY25 spanning July-Sep’24, the company added 18 new stores taking its total store count in the country to 184 as of Sep’24. It plans to expand its store count
A Kolkata-based value fashion retailer, Bazar Style Retail narrowed its Q2, FY25 net loss to Rs 9 crore ($1.1 million) as against a net loss of Rs 15 crore posted in the year-ago quarter.
The company also reported a 65 per cent rise in its revenue for the quarter to Rs 311 crore, as against Rs 188 crore in the corresponding quarter of the previous fiscal year.
The share of Baazar Style’s private label sales increased to 49 per cent of the total in H1FY25 as compared to H1FY24.
Founded in 2013, Baazar Style Retail is one of the fastest growing value fashion retailers in eastern India with market leadership in West Bengal and Odisha.
