Rekha Jhunjhunwala-backed Baazar Style Retail turns profitable in Q2 at Rs 51 crore PAT, sales rise 71% YoY

Rekha Jhunjhunwala-backed smallcap company Baazar Style Retail entered the black with a consolidated net profit in the September quarter of Rs 51 crore, compared to a net loss of Rs 9 crore reported in the same period last year. The company’s revenue from operations stood at Rs 532 crore in Q2FY26, compared to Rs 311 crore in the same period last year, rising 71%.Profit after tax (PAT) rose 2,405% on a sequential basis from Rs 2 crore reported in Q1FY26, while revenue rose 41% quarter-on-quarter from Rs 378 crore in the April-June quarter of FY26.

Total income, which included 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.Also read: Vodafone Idea Q2 results: Headwinds decline YoY to Rs 5,524 crore on 9% ARPU growth, revenue up 2.4%

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 incurred under the headings ‘Purchase of shares in trading’, personnel costs and financing costs, among other things.

Baazar Style Retail announced its earnings after trading hours today and its shares ended at a discount of 0.8% at Rs 330 on the NSE. Baazar Style Retail is an affordable fashion and lifestyle retailer with a dominant presence in Eastern India. Started in 2013, the company’s core presence is in Odisha and West Bengal with 250 stores. Jhunjhunwala held 3.39% stake in the company as of September 30, 2025 and the value of her company stands at Rs 83 crore as per Trendlyne data.

Listed in September 2024, the stock has lagged the market, declining 2.3% over a year. The stock is currently trading below its 50-day moving average of Rs 344, while it is above its 200-day SMA of Rs 292.

Also read: Bajaj Finance Q2 results: Cons PAT rises 22% YoY to Rs 4,875 crore, NII also rises 22%

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