Bazaar Model Retail Q1 Outcomes: Firm posts Rs 42 lakh loss, income jumps 21% YoY
The income from operations stood at Rs 227.68 crore for the primary quarter ended June 2024 in opposition to Rs 275.80 crore reported within the year-ago interval.
The corporate’s whole revenue rose to almost Rs 279 crore in Q1FY25. Bills additionally elevated to Rs 268.8 crore from Rs 221.6 crore reported within the first quarter of the earlier fiscal yr.
The shares of Baazar Model Retail debuted on the exchanges earlier this month, witnessing a flat itemizing at Rs 389 on the BSE and the NSE. Since its itemizing, the inventory has seen total declines of 5.5%. Nonetheless, it has elevated by 4.8% within the final one week.
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Kolkata-based Baazar Model Retail is a worth style retailer with the most important retail footprint in Jap India and management positions in West Bengal and Odisha within the organized worth retail market.It has a market share of three.03% and a couple of.22%, respectively, within the organized worth retail market within the states of West Bengal and Odisha.The corporate is backed by traders together with Rekha Rakesh Jhunjhunwala, the spouse of the Late Rakesh Jhunjhunwala, Kewal Kiran Clothes, Manohar Lal Agarwal, promoter of Haldiram Snacks amongst others.
As of June 2024, Rekha Rakesh Jhunjhunwala held 3.65% stake within the firm.
In the meantime the shares of Baazar Model Retail have been buying and selling 2.6% decrease at Rs 373 on BSE round 2:30 pm.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Occasions)
