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Financial results: Pantaloon; Shoppers Stop; Titan; HUL

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Pantaloon Retail India announced a net profit of Rs 32.1 crore for the third quarter ended March 31, 2008, a 71.47 per cent growth over the corresponding period a year ago.

The company, in a BSE filing, said that it had a net profit of Rs 18.72 crore in the third quarter ending March 31, 2007.

The total income rose to Rs 1,355.99 crore in the latest quarter, from Rs 861.99 crore in the year-ago period. Shares of Pantaloon Retail closed at Rs 478.40, up 3.64 per cent on the BSE yesterday.

Titan Industries achieved a significant growth during the year ended 2007-08, with sales income at Rs 3,041crore growing by 42.3 per cent from the previous year sales income of Rs 2,136 crore.

The company’s profit before taxes grew by 53.7 per cent to Rs 202.30 crore from Rs 131.65 crore during the same period in the previous year.

Net profit for the year stood at Rs 150.27 crore as compared to Rs 94.13 crore in the previous year.

The company’s watch segment sales grew by 17.2 per cent to Rs 918.7 crore, while jewellery sales went up by 57 per cent to Rs 2,028 crore. Sales of other products, including eyewear and accessories rose by 53.1 per cent to Rs 96 crore.

Shoppers Stop Limited reported a 38 per cent increase in retail turnover at Rs 3,261 million in the fourth quarter of fiscal ended March 31, 2008 as compared to Rs 2,357 million in the same period last year.

HUL’s Q1 standalone net profit was down at Rs 380.9 crore from Rs 392.9 crore, a fall of about three per cent in the first quarter ending March 31, 2008 over the corresponding quarter last year.

However, the company achieved a growth of 22.7 per cent in operating profit to Rs 448.8 crore. Its standalone net sales were up at Rs 3,793.9 crore from Rs 3,184.3 crore.

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