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Koutons Retail registers growth of 32% in Q3FY09
03
Feb '09
Koutons Retail India Ltd reported net sales of Rs. 228.95 crore for the quarter ended December 31, 2008 compared to Rs. 173.10 crore in corresponding period of last fiscal year, registered a growth of 32%.

Net Profit before tax for the quarter stood at Rs. 20.43 crore, a growth of 18% as compared to Rs. 17.31crore posted in the same period of last fiscal year. Earnings per share (EPS) increased by 8.68% to Rs. 4.36 as compared to Rs. 4.01 in corresponding period of last fiscal year. The operating margin for Q3 FY09 was at 21.25% as against 18.31% in Q3 FY08 registered a growth of 294 basis point.

Net Sales for 9M FY09 stood at Rs. 669.18 crore while PAT & EPS stood at Rs. 43.73 crore & Rs. 14.31 respectively. The operating margin stood at 19.42 %.

Commenting on the Company's performance, Mr D P S Kohli, Chairman, Koutons Retail India Limited said, “The global recession and slowdown being witnessed by the retail sector has had a slight impact on our results as well. The company has however maintained its efforts and strategies towards providing quality products at affordable cost thus retaining its leadership position in the retail segment. Our newly introduced products in the women wear and kids wear are receiving commendable response from the customers. We are also in the mode of introducing footwear segment. This move will further reinforce company's image in the fashion arena and make the company a one stop shop for all fashion wear.”

Koutons Retail India Ltd

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