Trading Symbol: STYLEBAAZA

Date: October 3, 2026

Financial Results (Standalone)

H1 FY27 Performance:

  • Revenue from Operations: ₹9,645 Mn, representing 6% year-over-year growth from H1 FY26 (₹9,095 Mn)

Q2 FY27 Performance:

  • Revenue from Operations: ₹4,781 Mn, representing a 10% year-over-year decline from Q2 FY26 (₹5,317 Mn)
  • The decline in Q2 revenue was primarily attributed to the shift in festive demand (Durga Puja) from Q2 FY26 to Q3 FY27
  • Revenue figures are subject to limited review/audit by the Statutory Auditors

Operational Metrics

Store Network Expansion (as of September 30, 2026):

  • Total number of stores: 283 stores, representing 13% year-over-year growth from 250 stores
  • Total rental area: 26.69 lakh sq. ft., representing 16% year-over-year growth from 22.96 lakh sq. ft.

Q2 FY27 Store Activity:

  • Added 14 new stores
  • Closed 7 stores
  • Reflects continued network expansion alongside portfolio optimization

Performance Metrics:

  • Same Store Sales Growth (SSSG): -25% in Q2 FY27 and -11% in H1 FY27 (impacted by festive calendar change)
  • Sales Per Square Feet (PSF): ₹642 per month in Q2 FY27 and ₹660 per month in H1 FY27
  • Q2 FY26 PSF was ₹865 per month, representing a 26% decline year-over-year
  • H1 FY26 PSF was ₹768 per month, representing a 14% decline year-over-year

Brand Initiatives and Marketing

Festive Campaign Achievement:

  • Created the "World's Largest Fashion Wardrobe" - a 50 ft. × 25 ft. installation at City Centre, Salt Lake, Bidhannagar
  • Received Guinness World Record™ title
  • Aimed at enhancing consumer engagement and brand visibility during festive season

Sports Sponsorship:

  • Became Principal Partner for India's international football matches against Brazil and Uruguay
  • Matches to be held in Kolkata
  • Brazil is a five-time FIFA World Cup champion
  • Uruguay is a two-time FIFA World Cup champion
  • Association aimed at engaging broader audience through sports platform centered around youth and culture

Business Strategy and Outlook

The company continues to focus on:

  • Strengthening retail platform across key markets in Eastern India
  • Increasing consumer reach through expanded retail network
  • Continued investments in brand visibility and operating capabilities
  • Building a scalable and sustainable value-fashion platform
  • Balancing growth with store productivity and operational efficiency