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Koutons emerges largest apparel chain with 999 outlets
14 Sep '07
4 min read
The India Retail report also indicates that the total organized retail market's size is currently at Rs 55,000 crores. The lion's share of this pie – 39% - is held by clothing and accessories, followed by food and grocery at 11%.
Organised retail is on a high trajectory due to several factors like strong economic growth, favourable demographics, easy avail ability of credit, supply of real estate and shift of lifestyle patterns etc, As the global apparel business focus shifted from the Western countries to Asia in the post-quota dismantling regime, India's textile industry has opened up.
The report says that India has the youngest consumer prpfile as compared to the ageing population of USA, UK and Japan etc, Over 65% of India's population is below 35 years of age.
The composition of the Indian population is shifting more towards the age group of 20-49 – the working population with purchasing power. This shift is expected to a major driver of consumption.
On the rising income levels, the report says a large number of households are getting added to the consuming class with growth in income levels. There has been a 100% growth in the addition of households – from 40 million in 1995 to 80 million households in 2005.
This has resulted in a significant increase in high income group from 5.5 million households in 1995 to 18 million households in 2005 for the high income group and from 18 million households to 31 million forthe mass affluent during the same time span.
While on its expansion drive, Koutons proposes to enter the capital markets on the next Monday, with a public issue of 3,524,439 equity shares of Rs 10 each (Equity Shares) through the 100 % book building process.
The issue will constitute 11.54 % and net issue 11.37% of the post –issue capital of the Company. Koutons has already raised over 186 crores through private equity and its investors include UTI Ventures, Argonaut Ventures, Passport India Investments (Mauritius) and Fidelity India.
As of August 20, 2007 Koutons Retail India Limited had 18 in-house manufacturing/finishing units and 14 warehouses which are spread across various locations in and around Gurgaon, Haryana.
The Company's restated total income and profit after tax were Rs 4036.17 million and Rs 344.87 million respectively as of and for the year ended March 31, 2007 compared to Rs 1583.85 million and Rs 131.98 million respectively as of and for the year ended March 31, 2006.
Organised retail is on a high trajectory due to several factors like strong economic growth, favourable demographics, easy avail ability of credit, supply of real estate and shift of lifestyle patterns etc, As the global apparel business focus shifted from the Western countries to Asia in the post-quota dismantling regime, India's textile industry has opened up.
The report says that India has the youngest consumer prpfile as compared to the ageing population of USA, UK and Japan etc, Over 65% of India's population is below 35 years of age.
The composition of the Indian population is shifting more towards the age group of 20-49 – the working population with purchasing power. This shift is expected to a major driver of consumption.
On the rising income levels, the report says a large number of households are getting added to the consuming class with growth in income levels. There has been a 100% growth in the addition of households – from 40 million in 1995 to 80 million households in 2005.
This has resulted in a significant increase in high income group from 5.5 million households in 1995 to 18 million households in 2005 for the high income group and from 18 million households to 31 million forthe mass affluent during the same time span.
While on its expansion drive, Koutons proposes to enter the capital markets on the next Monday, with a public issue of 3,524,439 equity shares of Rs 10 each (Equity Shares) through the 100 % book building process.
The issue will constitute 11.54 % and net issue 11.37% of the post –issue capital of the Company. Koutons has already raised over 186 crores through private equity and its investors include UTI Ventures, Argonaut Ventures, Passport India Investments (Mauritius) and Fidelity India.
As of August 20, 2007 Koutons Retail India Limited had 18 in-house manufacturing/finishing units and 14 warehouses which are spread across various locations in and around Gurgaon, Haryana.
The Company's restated total income and profit after tax were Rs 4036.17 million and Rs 344.87 million respectively as of and for the year ended March 31, 2007 compared to Rs 1583.85 million and Rs 131.98 million respectively as of and for the year ended March 31, 2006.
Koutons Retail India Limited
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