Baazar Style Retail Targets ₹5,600 Cr Turnover & 600 Stores by FY29; Solar Project Underway
Baazar Style Retail aims for ₹5,600 Cr turnover and 600 stores by FY29, with H1 FY27 turnover at ₹965 Cr. The company is developing a 325 MW solar power project, expected to save ₹30 Cr annually. Expansion focuses on Tier-III/IV markets.
The planned significant increase in store count and turnover targets, coupled with a major capital expenditure for a renewable energy project, are substantial developments that are likely to have a significant impact on the company's future performance and market position.
The announcement details ambitious growth targets for store expansion and turnover, alongside a significant strategic investment in renewable energy which is expected to yield cost savings and contribute to sustainability goals. These factors indicate a positive outlook for the company.
Baazar Style Retail Limited has announced an ambitious growth and expansion roadmap, aiming to significantly scale its operations. The company plans to increase its store network to 600 stores by FY29, from its current 293 stores spread across 10 states. This expansion will focus on Tier-III and Tier-IV markets, leveraging a cluster-based growth strategy to optimize logistics and enhance brand visibility.
The company reported a turnover of ₹965 Crore in H1 FY27 and anticipates stronger performance in Q3 and Q4 FY27. Revenue targets are set at ₹2,500 Crore for FY27, ₹3,800 Crore for FY28, and ₹5,600 Crore for FY29. A key strategic initiative is the development of a 325 MW solar power project through its subsidiary, Sunright Private Limited. This project, involving the acquisition of 1,000 acres of land, is expected to be fully operational within 24 months and aims to save approximately ₹30 Crore annually on electricity expenses, with a payback period of 4 years.
Management commentary highlights the focus on expanding the retail network, strengthening the private-label portfolio, and achieving sustainability goals through the renewable energy project. The company aims to capture growing opportunities in India's value fashion retail market and create sustainable value for stakeholders.
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Baazar Style Retail Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Baazar Style Retail Limited. Read the original for the full detail.