Saturday, October 24, 2009

Pantaloon Retail's net up 21.11 pc to Rs 43.8 cr in Q1

MUMBAI: Retail stores operator Pantaloon Retail (India) Ltd on Friday posted a net profit of Rs 43.82 crore in the first quarter ended September 30, 2009, up 21.11 per cent over the corresponding period a year ago.

The company had net profit of Rs 36.18 crore in the September quarter last fiscal, Pantaloon Retail (India) said in a filing with the Bombay Stock Exchange.

Total income of the company increased to Rs 1,781.74 crore in the quarter under review from Rs 1,512.37 crore during the same period previous year, it said.

The company operates multiple retail formats in both the value and lifestyle segment of the consumer market.

It operates over 1,000 stores in 61 cities across the country. Its principal formats include Pantaloons, a chain of fashion outlets, Big Bazaar, an Indian hypermarket chain; Food Bazaar, a supermarket chain , and Central, a chain of seamless destination malls.

Some of its other formats include Depot, Shoe Factory, Brand Factory, Blue Sky and Fashion Station.

Shares of the company closed at Rs 323.35, marginally down from the previous close on the BSE.

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