Future Group-owned clothing retailer Pantaloon has posted financial results for its first quarter ended September 2011.

The company’s consolidated net sales were INR3,180.26 crore (£422.1m) compared with INR2,750.76 crore (£372.3m) in the comparable period last year, an increase of 15.61%.

Consolidated net profit plummeted 36.33% to INR15.05 crore (£1.9m) in comparison with INR23.64 crore (£3.2m) in the previous year.