Profits increase by 43% at Koutons Retail
Koutons Retail India Ltd., one of the leading Retail companies in India, today reported a Net Sales of Rs. 282.40 crores for the quarter ended September 30, 2008. PAT stood at Rs. 19.58 crores . The operating margin for Q2 FY09 was at 17.36 %.
Net Sales for H1FY09 stood at Rs. 440.23 crores while PAT stood at Rs. 30.42 crores . The operating margin for Q2 FY09 stood at 17.36 %.
Commenting on the company's performance, Mr. DPS Kohli, Chairman, Koutons Retail India Ltd., said “We are extremely pleased to report an operationally good financial year. The PAT for the half year increased by 43% which is a very positive sign for the company and its patrons.
The half yearly sales is not indicator of the forthcoming revenues for the whole year as historically H2 sales are much higher comparable to H1 sales. The launch of Lesfemme (womens wear) and Koutons Jr. (kids wear) will continue to maintain the healthy growth of the company as a whole. By next month we are also ready to launch into men's footwear market which will further push our growth.”
He added by saying, “Koutons will continue to focus on maintaining and reinforcing the image of its existing exclusive brand outlets and also introduce its apparel to new geographical areas. Assessing fashion trends, making fashion forecasts and offering products to match the global fashion movements will keep Koutons at the leadership position for times to come. We will continue the mantra of Koutons Retail India Ltd. “fashion & quality at affordable prices”.
About Koutons Retail India Ltd.:
Koutons Retail is the leading manufacturer of readymade and stylish fashion wear brand in the country today. It has more than 1420 outlets with a wide range of apparels in men, women and children wear.
Koutons established its operations as Charlie Creations Pvt. Ltd. in garment manufacturing and exports in early 1991 under the brand name 'Charlie Outlaw'. It started the business of designing, manufacturing and retailing of apparels including formal shirts, trousers, jackets etc for men.
In 1999, Koutons was born with the forward visionary thought of providing affordable men wear for masses. Today, known as Koutons Retail India Ltd., it has two brands Koutons & Charlie Outlaw. Company moved up the value chain from a garment manufacturer to a retailer by launching its first own stores in 2002.
Recognizing the contribution and undisputable position that the company enjoys in the retail segment today, Koutons is slated as the Most Admired Fashion Group for the year 2008 by Image Fashion Awards. Koutons Retail India Ltd has won the prestigious “Chain Store of the Year” Award at the National Awards for the excellence in Apparel business organized by CMAI.
Chairman Mr DPS Kohli was awarded “Most Admired Fashion Face of the year” at images fashion award, 2008 at Mumbai and also credited with another award of “Brand Entrepreneur of theYear” at the APEX AWARDS 2007 organized by CMAI.