₹835 crore at the upper end of its ₹370-389 price band. This would value Style Baazar at ₹2,900 crore, and it also intends to expand its footprint beyond its current geographical concentration in the eastern region. Could Style Baazar be the next fashion force to dominate the national stage? Style Baazar has demonstrated impressive financial growth in recent years.
The company reported a notable turnaround in profitability, with a net profit of ₹5.1 crore in FY2023, which surged to ₹22 crore in FY24. This improvement in the bottom line is complemented by a steady rise in Ebitda margins, climbing from 10.9% in FY21 to 14.6% in FY24. Another significant strength of this brick-and-mortar retail store is the efficient use of space, resulting in consistently increasing sales per square foot.
This metric grew from ₹5,226 to ₹7,758 in the last four years. Ebitda is earnings before interest, taxes, depreciation, and amortization. Customer loyalty is also a strong suit for the company, with repeat sales contributing around 72% to its gross sales up from 70% in FY23.
This upward trend suggests increasing customer satisfaction and brand trust. Moreover, Style Baazar has been the fastest-growing value retail player in its peer group, expanding its store count at a compound annual growth rate (CAGR) of 35.8% between 2019 and 2024. The company now operates 162 stores across several states, outpacing competitors like Baazar Kolkata, M Baazar, Citykart, V2 Retail, and V Mart in store expansion.
Read more on livemint.com