STYLEBAAZANSE1 August 2025

Baazar Style Retail Limited has informed the Exchange about Investor Presentation

Baazar Style Retail Limited

Date: August 1, 2025

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

National Stock Exchange of India Limited, Exchange Plaza, Plot No. C-1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051

Scrip Code: 544243

Trading Symbol: STYLEBAAZA

Dear Sir/Madam,

Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the Investor Presentation on Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on June 30, 2025.

We request you to kindly take the aforesaid information on record.

For Baazar Style Retail Limited

Abinash Singh Chief Compliance Officer, Company Secretary and Head - Legal & Compliance

Baazar Style Retail Limited (Formerly known as Baazar Style Retail Pvt. Ltd.)

PS Srijan Tech Park, DN-52, 12th Floor, Sector-V, Salt Lake, North 24 Parganas, West Bengal 700091 t: (033} 61256125 e: info@stylebaazar.com www.stylebaazar.in

CIN No: L18109WB2013PLC194160

Baazar Style Retail Limited Investor Presentation – Q1FY26

Safe Harbour Statement

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Baazar Style Retail Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. All product names, logos, and brands are property of their respective owners. All company, product and service names used in this presentation are for identification purposes only. Use of these names, logos, and brands does not imply endorsement.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guaranteeing of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

Table of Contents

Q1FY26 Highlights

Business Strengths

Annual Financials

Annexure

Style Baazar – One Of The Leading Value Fashion Retailers in Eastern India

About the Company

Product Offering

✓ Established in 2013, Baazar Style Retail Ltd is a Value

Fashion Retailer based out of Kolkata

3-year CAGR – FY25

✓ Strong Retail footprint in Eastern India with leadership position in West Bengal and Odisha in terms of scale

~35% in Revenue

✓ Fast growing in terms of Revenue and Store Count

~26% in Store Count

with 232 Stores (30-June-25)

Men

Women

Kids

Home

Operational Metrics (Q1FY26)

232 Stores 2.1 Mn Rental Sq. Ft

9 States 182 Cities

9,123 Sq. Ft Average Store Size

-3% (11% Normalised) SSG

11 Private Labels 61% share in Revenue

4.48 Mn No. of Bills

Rs 900 Average Transaction Value

Rs 663 Sales Per Sq. Ft (Per Month)

~66% Repeat Customers

86% Apparel^ 14% General Merchandise^

Key Financials* (Q1FY26)

Rs 3,779 Mn  37% YoY Revenue from Operations

Rs 250 Mn  14% YoY EBITDA

Rs 90 Mn  531% YoY PAT

*Pre-INDAS 116; ^Revenue Mix

Q1FY26 Highlights

Key Financial Highlights

Revenue from Operations (Rs Mn)

Gross Profit (Rs Mn)

EBITDA (Rs Mn)

PAT (Rs Mn)

 37%

 49%

 14%

 531%

2,758

3,779

907

1,356

220

250

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

 37%

 49%

 39%

 589%

2,758

3,779

907

420

1,356

582

-4

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

S A D N

I e r P

S A D N

Key Operational Metrics – Q1FY26 (1/2)

Store Count (No.)

Rental Area of Stores (Mn Sq Ft)

Average Store Size (Sq Ft)

 40%

 41%

9,037

9,123

166

232

1.50

2.11

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Q1FY26

Avg Transaction Value (Rs)

No of Bills (Mn)

Quantity Sold (Mn)

955

900

 45%

 46%

Q1FY25

Q1FY26

Q1FY25

Q1FY26

3.08

4.48

15.06

10.30

Q1FY25

Q1FY26

Key Operational Metrics – Q1FY26 (2/2)

Sales Per Sq Ft (Rs)*

Same Store Sales Growth

661

663

Q1FY25

Q1FY26

11%

Q1FY25

Q1FY26**

Inventory Days (on Revenue)

Trade Payable Days (on Purchases)

120

116

163

111

Q1FY25

Q1FY26

Q1FY25

Q1FY26

*Per Month ** Normalized - Due to the preponement of Eid to the previous quarter this year, the benefit was realized in Q4FY25 itself.

Sales Mix

Apparels and General Merchandise

Apparels – Men, Women and Kids

Q1FY25 Revenue: Rs 2,757 Mn

Q1FY26 Revenue: Rs 3,773 Mn

Q1FY25 Revenue: Rs 2,392 Mn

Q1FY26 Revenue: Rs 3,251 Mn

Rs 365 Mn, 13.2%

Rs 2,392 Mn, 86.8%

Rs 522 Mn, 13.8%

Rs 3,251 Mn, 86.2%

Rs 666 Mn 27.8%

Rs 1,028 Mn 43.0%

Rs 698 Mn 29.2%

Rs 906 Mn 27.9%

Rs 990 Mn 30.4%

Rs 1,355 Mn 41.7%

Apparels

General Merchandise

Apparels

General Merchandise

Men Women

Kids

Men Women

Kids

Private Label Contribution (%)

Markets – Core and Focus

Q1FY25 Revenue: Rs 2,757 Mn

Q1FY26 Revenue: Rs 3,773 Mn

Q1FY25 Revenue: Rs 2,757 Mn

Q1FY26 Revenue: Rs 3,773 Mn

Rs 1,313 Mn, 47.6%

Rs 1,444 Mn, 52.4%

 59% YOY

Rs 1,483 Mn, 39.3%

Rs 2,290 Mn, 60.7%

Rs 420 Mn 15.2%

Rs 2,337 Mn 84.8%

Rs 726 Mn 19.2%

Rs 3,047 Mn 80.8%

Private Label

Others

Private Label

Others

Core Market*

Focus Market**

Core Market*

Focus Market**

* Includes West Bengal, Odisha, Assam, Bihar; ** Includes Jharkhand, Andhra Pradesh, Tripura, Uttar Pradesh, Arunachal Pradesh

Profit & Loss Highlights (Consolidated – Pre INDAS)

Particulars (Rs Mn)

Revenue From Operations

Other Income

Total Income

Costs of Goods Sold

Gross Profit

Gross Profit Margin

Employee Expenses

Other Expenses

EBITDA

EBITDA Margin

Finance Cost

Depreciation And Amortization

Profit Before Tax

Exceptional Items

Tax Expenses

PAT

PAT Margin

Q1FY26

Q1FY25

YoY

Q4FY25

QoQ

3,779

3,784

2,423

1,356

35.9%

337

768

250

6.6%

128

-8

2.4%

2,758

2,764

1,851

907

32.9%

235

453

220

37%

49%

299 bps

14%

3,454

3,463

2,310

1,143

33.1%

321

706

117

8.0%

-134 bps

3.4%

126

-108

0.5%

531%

186 bps

-8

19%

278 bps

114%

324 bps

1,702%

31,529%

236 bps

FY25

13,437

13,463

8,913

4,524

33.7%

1,160

2,420

944

7.0%

157

289

524

-108

317

2.4%

Gross Profit and EBITDA do not include Other Income

Profit & Loss Highlights (Consolidated – INDAS)

Particulars (Rs Mn)

Revenue From Operations

Other Income

Total Income

Costs of Goods Sold

Gross Profit

Gross Profit Margin

Employee Expenses

Other Expenses

EBITDA

EBITDA Margin

Finance Cost

Depreciation And Amortization

Profit Before Tax

Exceptional Items

Tax Expenses

PAT

PAT Margin

10%

13,527

Q1FY26

Q1FY25

YoY

Q4FY25

QoQ

3,779

3,808

2,423

1,356

35.9%

337

436

582

2,758

2,789

1,851

907

32.9%

233

254

420

15.4%

15.2%

235

340

-8

141

209

101

-108

-2

-4

0.5%

-0.1%

37%

49%

299 bps

39%

17 bps

-64%

589%

68 bps

3,454

3,471

2,310

1,143

33.1%

321

423

399

19%

278 bps

46%

11.6%

385 bps

217

294

-94

-30

-64

138%

132%

-1.9%

240 bps

FY25

13,437

8,913

4,524

33.7%

1,160

1,468

1,896

14.1%

690

999

296

-108

147

1.1%

Gross Profit and EBITDA do not include Other Income

Business Highlights

Fast Growing Value Retailer in Eastern India, through a Cluster-based Approach

Consistently Growing Store Count

166

135

232

184

Q1FY25

Q1FY26

Core Market*

Focus Market**

Total Stores

Net Sales - Core and Focus Market (Rs Mn)

2,757

420

2,337

3,773

726

3,047

Q1FY25

Q1FY26

Core Market*

Focus Market**

Total Stores

* Includes West Bengal, Odisha, Assam, Bihar ** Includes Jharkhand, Andhra Pradesh, Tripura, Uttar Pradesh, Arunachal Pradesh

25 Uttar Pradesh

30 Bihar

84 West Bengal

Arunachal Pradesh

36 Assam

Tripura

Jharkhand

34 Odisha

Andhra Pradesh

Stores

Cluster Based Expansion Strategy Enables:

✓ To increase efficiencies in

Supply Chain and Inventory management processes

✓ To enhance Brand Visibility

in Local Markets

✓ Optimize Marketing Expenses

✓ Efficient utilization of Human

Capital

Providing a One-Stop Family Experience for Quality Products At Affordable Pricing

Comprehensive Product Offering Across Categories to Meet the Needs of the Entire Family

Tier 1, 2 and 3 Presence Across the Underpenetrated Tier-3&4 Markets

Men

Women

Kids

General Merchandise

47%

Men’s Wear

Bottom Wear

Women’s Western Wear

Bottom Wear

Kids’ Wear

Bottom Wear

Home Decor

Household Products

18%

25%

Metro - Kolkata

Tier 1 (>10 lacs)*

Tier 2 (5-10 lacs)*

Tier 3 (1-5 lacs)*

Tier 4 (<1 lacs)*

* Census Population

Athleisure

Night Wear

Athleisure

Night Wear

Athleisure

Night Wear

Home Furnishings

Home / Kitchen Appliances

Ethnic Wear

Wearables & Accessories

Ethnic Wear

Wearables & Accessories

Ethnic Wear

Wearables & Accessories

Bags

Travel Accessories

Lifestyle Products

Footwear

Growing Private Label Contribution - Testament to Our Focus on Brand Building

✓ Healthy portfolio of 11 Private Labels contributing to 61% of overall

Revenue or Rs 2,290 Mn in Q1FY26.

✓ Strategic focus on building brand visibility through attractive pricing, with

plans to shift to fair pricing once brand recall is established.

✓ One of our established brands, Square Up, achieved highest quarterly

revenue of Rs 991 Mn in Q1FY26.

✓ Private Label Revenue enable greater control over sourcing

✓ Enhances customer loyalty with repeat purchases from existing customers

Private Label Revenue CAGR of ~64% over the past 3 years

45%

6,026

38%

3,687

31%

25%

2,477

1,363

61%

52%

2,290

1,444

FY22

FY23

FY24

FY25

Q1FY25

Q1FY26

Private Label Revenue (Rs Mn)

Private Label (% of Revenue)

Branding Initiatives

Annual Financials

Profit & Loss – Consolidated (IND-AS)

Particulars (Rs Mn)

Revenue From Operations

Other Income

Total Income

Costs of Goods Sold

Gross Profit*

Gross Profit Margin*

Employee Expenses

Other Expenses

EBITDA*

EBITDA Margin*

Finance Cost

Depreciation And Amortization

Profit Before Tax

Exceptional Items

Tax Expenses

PAT

PAT Margin

FY23

7,879

7,944

5,339

2,540

32.2%

685

840

1,015

12.9%

414

612

0.6%

FY24

9,729

9,828

6,481

3,247

33.4%

845

981

1,422

14.6%

494

735

292

219

2.2%

FY25

13,437

13,527

8,913

4,524

33.7%

1,160

1,468

1,896

14.1%

690

999

296

-108

147

1.1%

*Gross Profit and EBITDA do not include Other Income

Balance Sheet – Consolidated (IND-AS)

Assets (Rs Mn)

Mar-23

Mar-24

Mar-25

Liabilities (Rs Mn)

Mar-23

Mar-24

Mar-25

Property, Plant & Equipment

1,346

1,902

Capital Work-in-progress

Intangible Assets

Intangible Assets Under Development

2,534

116

Right-of- Use Assets

3,327

4,285

7,647

Financial Assets/Investments

Deferred tax assets (net)+Tax assets (net)

Other Non-current Assets

Total Non-current Assets

Inventories

Trade Receivables

Cash And Bank Balances

Other Current Assets, Financial Assets And Current Tax Assets

Current Assets

Total Assets

169

150

5,018

3,169

432

3,653

8,671

197

159

6,627

4,329

149

555

303

222

10,875

5,215

221

1,230

Share Capital

Other Equity

Total Equity

Borrowings

Lease Liability

Deferred Tax Liabilities

Other Liabilities & Provisions

Non-current Liabilities

Borrowings

Lease Liability

Trade Payables

349

1,587

1,936

181

349

1,802

2,151

291

373

3,664

4,037

177

3,435

4,405

7,764

3,637

971

316

4,722

1,491

388

7,990

1,488

532

1,660

2,618

3,108

Other Current Liabilities

151

290

386

5,032

6,666

Current Liabilities

3,098

4,787

5,514

11,660

17,541

Total Liabilities

8,671

11,660

17,541

Annexure

Store Images

Connect

CIN No. L18109WB2013PLC194160

Mr Abinash Singh

abinash.singh@stylebaazar.com

Stellar IR Advisors Pvt. Ltd.

Pooja Sharma| Suyash Samant

pooja@stellar-ir.com | suyash@stellar-ir.com

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Baazar Style Retail Limited has informed the Exchange about Investor Presentation

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