The quarter that ended on June 30, 2008, listed some healthy figures as many companies related to the retail sector reported a growth in their net incomes and profits.
Adlabs Films Ltd
Adlabs, the Reliance Anil Dhirubhai Ambani Group company that is in the business of operating multiplexes in malls and shopping centres across the country, said it has reported net sales of Rs 2,289.7 million in the quarter. The company garnered a net profit of Rs 33.8 million for the same period.
Adlabs announced that it has initiated a study on the Indian moviegoers on parameters including advertising exposure, cinema habits, and exposure to media.
Ansal Properties and Infrastructure in a filing to the Bombay Stock Exchange (BSE) announced that its consolidated income rose to Rs 206.13 crore in this quarter, from Rs 184.05 crore in the same period last year.
However, the company had a 33.53 per cent decline in profit after tax as it recorded Rs 21.59 crore for the quarter. On a standalone basis, Ansal Properties reported a profit after tax at Rs 19.4 crore.
Footwear retailer Bata India posted a 38 per cent increase in profit after tax at Rs 162 crore for the quarter ended June 30, 2008, from Rs 117 crore in the corresponding period last year.
The company posted a 14.85 per cent increase in turnover at Rs 286 crore for the quarter, from Rs 249 crore in the same period last year.
Bata had opened 32 new stores and renovated 22 existing stores in the first half of the year, and continued to focus on improving shoe design, particularly for women and youth.
Apparel manufacturer Bombay Dyeing & Manufacturing Co., in a filing to the Bombay Stock Exchange, said that its total income rose to Rs 335.06 crore from Rs 133.58 crore in the same period last year. However, the company witnessed a net loss of Rs 48.34 crore for the first quarter ended June 30, 2008.
DCM Ltd, the company that is also in the business of textiles, announced that the net sales of the company for this fiscal has gone up to Rs 521.50 million from Rs 339.00 million in the same period last year.
However, the company’s net profit went down by 0.70 million.
Real estate developer DLF Ltd recorded net sales of Rs 38,106.20 million in this quarter and had a net profit of Rs 18,948.10 million.
The company reportedly has about 6.5 million square feet of retail space under development.
Gokaldas Exports Ltd
Gokaldas Exports Ltd, manufacturer and exporters of apparel, said that its net sales rose to Rs 2,912.39 million from Rs 2,618.94 million last year. The company’s net profit rose to Rs 110.54 million from 105.27 million last year.
Indian Oil Corporation announced that it has posted a 71.72 per cent dip in net profit at Rs 415.13 crore for the quarter. The dip in profit was due to increasing losses for selling products at subsidised rates.
Sales during the period under consideration rose by 41.63 per cent to Rs 74,872.6 crore, over Rs 52861.96 crore in Q1 of 2007-08 fiscal.
LVMH Moët Hennessy Louis Vuitton, a globally leading luxury products group, recorded revenues of €7.8 billion in the first half of 2008, reflecting organic growth of 12 per cent. The group had excellent performances in Asia, the United States and Europe.
Group share of net profit increased by 7 per cent in the first half of 2008.
Mirza International Ltd
Manufacturer and marketer of leather apparel and footwear, Mirza International’s net sales rose to Rs 935.40 million from Rs 749.77 million last year. The company’s net profit went down by Rs 87 million.
Nestle India Ltd
Manufacturers of food brands in the country, Nestle India posted net sales increase of Rs 10,356.30 million from Rs 8,388.80 million last year. The company’s net profit rose to Rs 1,210.90 million from Rs 956.90 million last year.
Real estate company Parsvnath Developers Limited (PDL) reported net sales of Rs 372 crore for this quarter, compared to Rs 357 crore last year. The net profit declined to Rs 71 crore from Rs 84 crore last year.
The company has also planned to develop a new luxury mall complex in the heart of Delhi through its subsidiary Primetime Realtors Pvt. Ltd.
Apparel retailer Provogue (India) Ltd a had net profit of Rs 60.5 million for the quarter, against Rs 47.4 million a year ago. Net sales rose to Rs 677.8 million from Rs 517 million. According to Provogue, better volumes resulted in higher margins for the quarter benefiting the bottomline,
The company plans to add about 20 to 22 stores in tier I cities by 2009.
One of the country’s leading multiplexes posted net sales of Rs 602.20 million, up from Rs 545.70 million last year. The net profit of the company declined to Rs 38.80 million from Rs 60.00 million last year.
Rajesh Exports Ltd
Jewellery manufacturer Rajesh Exports recorded net sales of Rs 23,321.61 million compared to Rs 20,302.42 million last year. The company’s net profit declined to Rs 344.35 million from Rs 421.36 million last year.
Shoppers Stop Ltd
Retail company of K Raheja Corp, Shoppers Stop recorded net sales of Rs 2,816.70 million, while its net profit was down by Rs 243.79 million.
Tata Group’s retailing arm Trent posted net sales of Rs 1,334.25 million, compared to Rs 1,216.00 million last year. The compay’s net profits rose to Rs 82.25 million from Rs 77.95 million last year.
The company, which operates the Westside department stores, has planned to take the franchise route to expand its store count across the country.
Videocon Industries Ltd
The consumer durables company recorded net sales of Rs 26,129.00 million from Rs 22,047.30 million last year. Net profit rose to Rs 2,550.70 million from 2,451.10 last year.
The company has recently formed a subsidiary to launch its cash-and-carry format.
Vishal Retail India Ltd
Discount retailer Vishal Retail’s net profit grew to Rs 140 million from Rs 104 million last year. Revenue climbed to Rs 3.78 billion.
The company has plans to expand retail space to 10 million square feet by 2011 from 2.39 million square feet now, and will follow the franchise and debt route to manage its funds.
Compilation by Satrajit Sen