Style Bazaar Raises Revenue Growth Guidance to 35%
Off-price retailer Style Bazaar has upgraded its fiscal year 2026 revenue growth guidance to approximately 35%. The company is targeting an expansion to over 500 stores. This growth is supported by investments in technology and scaling its vendor and supply networks.
- As of late February 2026, Style Bazaar operates 257 stores, primarily focusing its expansion in Tier 2, 3, and 4 cities in Eastern and Northern India to attract "value seeker" customers. - The company's long-term target is to achieve ₹5000 crore in revenue by fiscal year 2027. - In the second quarter of fiscal year 2026, the company reported a 71% year-over-year growth in revenue from operations and a 22% increase in same-store sales. - A key part of the company's strategy involves increasing the share of its private label brands to over 50%, a move aimed at improving profit margins and fostering customer loyalty. - Style Bazaar is a family-focused value fashion retailer that was founded in 2013 and is headquartered in Kolkata. - In February 2026, shareholders approved a preferential equity warrant issuance, a move intended to help fund the company's ongoing store expansion and enhance its working capital. - The company's stock has a consensus "Strong Buy" rating from analysts, with a 12-month average price target of ₹430.00.
