Pantaloon Retail posts 62.9 per cent increase in income for the quarter ended December 31, ‘07 ~ Retail Chain Store News, Online Store News, Retail Industry News, Departmental Store,
Retail Chain Store News, Online Store News, Retail Industry News, Departmental Store,: Pantaloon Retail posts 62.9 per cent increase in income for the quarter ended December 31, ‘07

Thursday, January 31, 2008

Pantaloon Retail posts 62.9 per cent increase in income for the quarter ended December 31, ‘07

Pantaloon Retail (India) Limited, part of the Future Group, declared its unaudited financial results for the quarter ended December 31, 2007 wherein the Income from operations (Rs.1226.75 crore) for the quarter increased by 62.9 per cent; and PBDIT (Rs.110.93 crore) increased by 93.06 per cent.

The Meeting of the Board of Directors was held as scheduled i.e. 22nd January 2007 and the Board inter‑alia took the following decisions:

- Board took on record the Unaudited Financial Results for the second quarter ended on 31st December 2007 along with the Limited Review Report of the Statutory Auditors, which are attached herewith.

- Board has approved setting up wholly owned subsidiary companies for Big Bazaar and Food Bazaar, Speciality Retail Business Activities and Property & Mall Management Division and transfer the respective businesses of the Company on a going concern basis to the respective subsidiaries, subject to receipt of all requisite statutory and other necessary approvals.

- Board noted the appointment of Mr. C. P. Toshniwal as Chief Financial Officer w.e.f 18/01/2008 in place of Mr. K. K. Rathi who has resigned.

About Pantaloon Retail (I) Ltd.

Pantaloon Retail (India) Limited, is India’s leading retailer that operates multiple retail formats in both the value and lifestyle segment of the Indian consumer marker. Headquartered in Mumbai (Bombay), the company operates over 7 million square feet of retail space, has over 1000 outlets (including shop-in-shops) across 53 cities in India and employs over 25,000 people.

The company’s leading formats include Pantaloons, a chain of fashion outlets, Big Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain, blends the look, touch and feel of Indian bazaars with aspects of modern retail like choice, convenience and quality and Central, a chain of seamless destination malls. Some of its other formats include, Home Town, Depot, Shoe Factory, Brand Factory, Blue Sky, aLL, Top 10 and Star and Sitara.

Source : http://www.pantaloon.com

2 comments:

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Matt said...

It is one of the stores that I visited on my visit to Bangalore recently. hmm... more than 50 brands were available. I have done most of my Christmas shopping this time from Bangalore except for a couple which Mary should be ordering from sophiasstyle.com, for Alice and Sue.