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Bazaar Style Retail Limited is a fashion retailer operating in West Bengal and Odisha. The company offers apparel for men, women, boys, girls, and infants and general merchandise such as non-apparels and home furnishing products. The company focuses on providing a family-oriented shopping experience, offering quality products and striving to offer every Indian stylish merchandise at an affordable price.
The company operates in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh. As of March 31, 2024, the company has expanded across 9 states and operates 162 stores. The company has a strong designing and merchandising team of 57 personnel who have experience understanding and sensing the regional preferences of its target customers. They work to provide the customers with the latest market trends through their experience in the retail and textile industries
For the year/period ended (Rs. in Cr.)
| H1FY24 | FY23 | FY22 | |
|---|---|---|---|
| Total Revenue | 9,72.88 | 7,87.90 | 5,51.11 |
| Profit After Tax | 21.94 | 5.10 | (8.07) |
| EPS | 3.14 | (0.76) | (1.31) |
| OPM (%) | 14.61% | 12.88% | 12.40%) |
| PATM (%) | 2.23% | 0.64% | (1.43%) |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY23 |
Net Profits(Cr.) FY23 |
|---|---|---|---|---|---|---|
| Baazar Style Retail Limited | 2902.55 | 389 | 12.78 | 120.06 | 9,72.88 | 21.94 |
| V2 Retail Ltd. | 3,975.70 | 1,149.40 | 13.66 | 105.15 | 1,164.73 | 27.81 |
| V-Mart Retail Ltd. | 7,201.16 | 3,639.35 | 9.56 | 0 | 2,785.60 | -96.76 |
• One of the fastest growing value retailer in eastern India with a market share of 3.03% and 2.22% in the states of West Bengal and Odisha, respectively in organized value retail market;
• Accelerated store expansion through a cluster-based approach;
• Strong understanding of customer preferences to offer a comprehensive, targeted and affordable product mix along with our private label brands leading to customer loyalty;
• High operational efficiency and lean cost structure due to strong focus on business processes and automation;
• Targeted marketing and promotion activities enabling increasing brand salience and garnering customer loyalty;
• Experienced promoters and a strong management team with a proven track record, backed by investors; and
• Strong financial track record of growth.
The company is into retail business. As on FY24 earnings, the IPO is aggressively priced. Hence, Investor may subscribe for long term perspective.
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