Brandhouse Retails Limited (BHRL), one of the leading fashion retailers in India, announced its results for the financial year ended 31 March 2010.
Financial performance update:
FY2010 results compared with FY2009 results:
• Revenues at Rs 6574.6 million versus Rs 5523.5 million, up 19.0%
• EBIDTA higher by 37.2% to Rs 564.1 million from Rs 411.2 million
• Net profits enhances 21.2% to Rs 162.1 million from Rs 133.8 million
• EPS at Rs 3.02
Commenting on the Q4 & FY2010 results, Mr. Nitin S. Kasliwal, Chairman and Managing Director, BHRL said,
“Our performance during the year is a reflection of the success of our continued efforts to achieve financial and operational excellence. The results showcase the strength of our unique business model which has enabled us to cater to demand across various socio-economic segments of the market leading to superior coverage for our brands. The recent market upsurge and improved customer sentiments have helped increase earnings during the year.
We have been successful in enhancing value and maximizing realisation for our brands by increasing visibility and penetration. Our presence in the domestic retail market space is strong owing to the strategic setting of our stores. We have been continuously focusing on improving cost rationalization and same store sales and these efforts have helped us achieve operational excellence during the year. Our presence in the tier 2 and 3 cities has become one of our biggest strengths recently.
We believe that there is tremendous potential in the domestic retail market and our widening store network and presence at key retail points will allow us to efficiently capitalise these opportunities.”
Brandhouse Retails Limited (BHRL)
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