Home Retail Indian retail majors — Q2 FY08 glimpses

    Indian retail majors — Q2 FY08 glimpses

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    Pantaloon Retail posted 78.5 per cent increase in gross turnover for quarter to September 30, 2007. Pantaloon Retail (India) Limited, part of Future Group, declared its unaudited financial results for the quarter ended September 30, 2007. Gross turnover at Rs 1,176.27 increased by 78.5 per cent;

    Pantaloon Retail (India) Limited is one of India’s leading retailers operating over 6 million square feet of retail space across 48 cities in India.

    • Shoppers’ Stop

    Shoppers’ Stop Ltd posted a 81 per cent rise in net profit to Rs 7.39 crore for the quarter ended September 30. The retail chain has logged a 39 per cent increase in net sales to Rs 195.6 crore.

    “The company has achieved the targeted revenues and profits this quarter. The company has added more stores of its speciality businesses of books, food and beverages (F&B), maternal and infant care,” said BS Nagesh, managing director, Shoppers’ Stop.

    • Trent

    Trent posted net profit of Rs 9.1 crore and net sales of Rs 119 crore for the quarter ended September 2007.

    In a recently signed deal, Trent has agreed to anchor 12 malls set up by DLF Universal Ltd across the country, at its Westside, and Star India Bazaar outlets. This amounts to about 27 locations, totalling about a million square feet of space.

    • Piramyd Retail

    Piramyd Retail’s Q2 net loss stands at Rs 12.2 crore. Its net sales is up at Rs 40.2 crore (Rs 402 million) versus Rs 28.8 crore in the last corresponding period. Its operating loss is at Rs 9.89 crore (Rs 98.9 million) versus Rs 5.50 crore (Rs 55 million) in the same quarter last year.

    (Madura Garments)

    Nuvo reports revenues of Rs 3,000.5 crore, for the 2nd quarter ended September 30, 2007. The company’s consolidated revenues are up by 43 per cent from Rs 2,092.1 crore achieved during the corresponding quarter last year.

    The company’s garment retailing division, Madura Garments, will aggressively pursue apparel retailing with the launch of large-format stores for Peter England and men’s lifestyle stores for fashion brands.

    • Arvind Mills

    Arvind Mills Limited’s sales for the quarter is up by 14 per cent at Rs 564 crore, as against Rs 493 crore in the corresponding quarter last financial year. Profit before tax stands at Rs 11 crore as against Rs 5 crore in the same quarter last year, marking a jump of 117 per cent.

    The branded apparel and retail business of the company has returned yet another quarter of solid performance. The company also announced the licensing arrangement for US Polo Association and Cherokee.

    Titan reported strong growth of 43.9 per cent in its standalone net profit, to Rs 46.30 crore for the quarter ended September 2007, as against Rs 32.18 crore in same quarter of last year.

    Net sales surged by 34.7 per cent to Rs 725.11 crore from Rs 538.51 crore, and operating profit margins improved to 12.9 per cent versus 12.5 per cent in last year’s corresponding quarter. Operating profit went up by 39.2 per cent to Rs 93.4 crore, from Rs 67.1 crore.

    Net turnover of ITC for Q2 FY08 registered a growth of 14.2 per cent at Rs 3,273 crore, which was mainly due to the robust scale-up of lifestyle retailing, foods and stationery businesses, coupled with healthy growth in the hotels and paperboards and packaging segments.

    • Bombay Dyeing

    Bombay Dyeing in Q2 FY08 has reported net profit of Rs 14.29 crore versus Rs 10.26 crore, up 39 per cent on YoY basis. During the same quarters, its net sales was at Rs 168.18 crore, up 33 per cent versus Rs 126.61.

    S Kumars Nation’s standalone net sales for Q2 FY08 was at Rs 391.10 crore, versus Rs 278.25 crore in the same quarter of previous year. Standalone net profit was at Rs 43.21 crore, versus Rs 27.42 crore in the same quarter last year.

    Through its retail operations under Brandhouse Retail Ltd, which has over 150 operational outlets, the company receives most of its sales from domestic markets.

    For the half period ended September 2008, Vishal Retail posted net profit of Rs 14.7 crore and total income of Rs 388 crore.

    Alok Industries’ Q2 net profit stood at Rs 42.97 crore. The company is going to be restructured and has appointed a committee for the same. Currently, the company has 14 stores. It is planning to add 8 more by the end of November 2007, and 100 more by March 2008.

    (M&M) posted net profit of Rs 286 crore versus Rs 386.5 crore on year-on-year basis. During the corresponding quarters, its total income was at Rs 2,871.5 crore (Q2 FY08) versus Rs 2,563.4 crore. Standalone net sales increased to Rs 2,802.3 crore from Rs 2,490.5 crore.

    Mahindra group last month announced its foray into the rapidly growing Indian organised retail market with a chain of premium lifestyle stores selling apparels, toys and furnishings.

    – Compiled by Ranjan Kaplish