Future Group-owned Pantaloon Retail’s full-year net sales for the core retail business rose by 7% to INR117.9bn (£1.36bn), compared with INR110.1bn (£1.27bn) last year. Net profit grew to INR2.85bn (£33m) compared with INR766.7m (£8.81m).
The retailer added 2.37 million sq ft in the year, taking its total retail space to 16.71 million sq ft. During the period, the company focused on opening new stores in key locations and improving store efficiencies. The overall slowdown in the economy and muted consumer confidence had an impact on sales growth.
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