Rekha Jhunjhunwala-backed smallcap company Baazar Style Retail swung into black with September quarter consolidated net profit of Rs 51 crore compared to a net loss of Rs 9 crore reported in the year ago period. The company’s revenue from operations stood at Rs 532 crore in Q2FY26 versus Rs 311 crore in the year ago period, rising by 71%.
The profit after tax (PAT) surged 2,405% on a sequential basis versus 2 crore reported in Q1FY26 while the topline was up 41% on a quarter-on-quarter basis versus Rs 378 crore in April-June quarter of FY26.
The total income which comprised an other income of Rs 3.8 crore, stood at Rs 535 crore versus Rs 381 crore in Q1FY26 and Rs 313 crore in the year ago period.
The company incurred expenses of Rs 522 crore in Q2FY26 versus Rs 377 crore in Q1FY26 and Rs 325 crore in Q2FY25. The expenses were made under the heads like ‘Purchase of stocks in trade’, employee benefits expense and finance cost among others.
Baazar Style Retail announced its earnings after market hours today, and its shares had ended with cuts of 0.8% at Rs 330 on the NSE.
Baazar Style Retail is a value fashion and lifestyle retailer, with a dominant footprint across Eastern India. Started in 2013, company’s core presence is in Odisha and West Bengal with 250 stores.
Jhunjhunwala held 3.39% stake in the company as on September 30, 2025 and the value of her holding stands at Rs 83 crore according to Trendlyne data.
The stock was listed in September 2024 and has been a market laggard falling 2.3% over a one-year period. The stock is currently trading below its 50-day simple moving average of Rs 344 while above its 200-day SMA of Rs 292.
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