Home Retail Brandhouse Retails goes public

    Brandhouse Retails goes public


    Fashion retailer Brandhouse Retails (BHRL), part of S Kumars Nationwide Group, has received permission to list its shares in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The shares of the company will be traded from March 27, 2009, according to a company press release.

    As per the audited accounts as on March 31, 2008, the turnover of the company is Rs 3.14 billion with a profit after tax (PAT) of Rs 1311 million. For the period April 1, 2008 to September 30 2008, the company recorded a turnover of Rs 2.58 billion with PAT at Rs 748 million.

    The company has 5, 19,94,195 equity shares of the face value of Rs 10 each. Of the total equity share capital of the company, 56 per cent is held by the promoters including Nitin S Kasliwal and associates with FIIs’ holding 24 per cent, and the balance is held by the public.

    The company runs exclusive brand outlets for the brands including Reid & Taylor, Belmonte, Stephens Brothers, Carmichael House, Escada and Alfred Dunhill.

    Recently, the company has signed a JV with Italy’s fashion retailer Oviesse to launch the brand in India.

    — IndiaRetailing Bureau