Updates

Date: October 3, 2026 BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C-1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 544243 Trading Symbol: STYLEBAAZA Dear Sir/Madam, Subject: Business Update for the Second Quarter and Half Year ended on September 30, 2026 FY 2027 (Q2 & H1 FY27) We hereby enclose the Quarterly Business Update of the Company for the Quarter and Half Year ended September 30, 2026. Kindly treat this as intimation under the applicable regulation of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. 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 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 Business Update – Q2 & H1 FY27 Kolkata, October 03, 2026: Baazar Style Retail Limited (BSRL), one of the leading value fashion retailers in Eastern India, continued to strengthen its retail platform during Quarter and Half Year ended September 30, 2026, with sustained expansion across key markets, increasing consumer reach and continued investments in brand visibility and operating capabilities. Key Highlights: • H1 FY27 Revenue from Operations grew 6% YoY to ₹9,645 Mn, reflecting continued growth in the business despite the shift in festive demand (Durga Puja) from Q2 FY26 to Q3 FY27. • The Company's retail network expanded to 283 stores as of September 30, 2026, up 13% YoY, while total rental area increased 16% YoY to 26.69 lakh sq. ft. During Q2 FY27, the Company added 14 new stores and closed 7 stores, reflecting continued network expansion alongside ongoing portfolio optimisation. • Revenue from Operations stood at ₹4,781 Mn in Q2 FY27. The 10% YoY decline in Q2 was primarily attributable to the shift in the festive calendar, with the major festive period falling in Q2 FY26 compared with Q3 FY27. • Reported Same Store Sales Growth (SSSG) stood at -25% in Q2 FY27 and -11% in H1 FY27, with the reported performance impacted by the change in the festive calendar. • Sales Per Square Feet (PSF) stood at Rs 642 per month in Q2 FY27 and Rs 660 per month in H1FY27. Key Performance Metrics Q2 FY27 Q2 FY26 YoY % H1 FY27 H1 FY26 YoY % Revenue from Operations – Standalone (Rs Mn) 4,781 5,317 -10% 9,645 9,095 6% Sales Per Square Feet (Rs/Month) 642 865 -26% 660 768 -14% Total No. of Stores (Nos.) 283 250 13% 283 250 13% Total Rental Area (Lakh Sq Ft) 26.69 22.96 16% 26.69 22.96 16% Note: The Revenue from Operations for Q2 FY27 given above is subject to limited review / audited by the Statutory Auditors of the Company. 1 | Page Baazar Style Retail Limited Strengthening Consumer Connect and Brand Visibility During the festive period, Style Baazar continued to enhance consumer engagement through differentiated brand initiatives. As part of its festive campaign, Style Baazar created the World's Largest Fashion Wardrobe, a 50 ft. × 25 ft. installation at City Centre, Salt Lake, Bidhannagar. The installation received a Guinness World Record™ title and provided a high-visibility platform to showcase the Company's festive collection and brand proposition. The initiative was aimed at creating a larger consumer experience around fashion, celebration and the Style Baazar brand, while strengthening visibility during the festive season. Building Wider Consumer Association The Company also expanded its consumer engagement through sports-led brand association, becoming the Principal Partner for India's international football matches against Brazil, a five-time FIFA World Cup champion, and Uruguay, a two-time FIFA World Cup champion, to be held in Kolkata. The association provides Style Baazar with an opportunity to engage with a broader audience through a platform centred around youth, culture and shared experiences, complementing its broader efforts to build brand visibility across Bharat. With an expanding retail network, increasing market reach and continued investments in consumer engagement and operating capabilities, Baazar Style Retail remains focused on building a scalable and sustainable value-fashion platform, while balancing growth with store productivity and operational efficiency. About Baazar Style Retail Limited (CIN No. L18109WB2013PLC194160) Baazar Style Retail Limited is a value fashion retailer established in 2013 and based in Kolkata. We are a one-stop shop catering to the requirements of the entire family by focusing on providing a family-oriented shopping experience, offering quality products and strive to offer every Indian stylish merchandise at an affordable price. To know more, visit: www.stylebaazar.in For more information, please contact Mr. Abinash Singh abinash.singh@stylebaazar.com Baazar Style Retail Limited 2 | Page