STARTUP LEGAL6 Sept 2026
NCR's gourmet grocer Modern Bazaar halves store count amid q-comm push, internal woes | Company Business News
Delhi-NCR's premium grocery chain Modern Bazaar has nearly halved its stores, from about 28–30 to 14, after quick-commerce rivals grew. Its revenue slipped 13.6% to ₹247.2 crore in FY25 and net profit was just ₹1.43 crore. Now it's betting on smaller Express outlets. Lesson: physical retail still works, but size and location must follow customer demand.
Key Statutory Highlights
- Modern Bazaar has cut its store count to about 14 from roughly 28–30 over the past year, closing premium outlets like Defence Colony and Select CityWalk.
- The company's FY25 revenue fell 13.6% to ₹247.2 crore, while net profit dropped to ₹1.43 crore.
- It plans to expand its successful Express store format and will not try to match quick-commerce delivery speed.
Actionable Advice for Taxpayers / Founders:If you run physical retail, review every store's actual profitability and watch how quick-commerce changes shopping habits before renewing large leases or opening new big outlets.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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