PANTALOON RETAIL NET PROFIT UP 87%; LAUNCHES THREE NEW STORES

Pantaloon Retail, part of the Future group, declared its unaudited financial results for the quarter ended September 30, 2007. Gross turnover for the quarter increased by 78.5%, net sales/ income from operations was up 79.6%, while net profit (excluding extraordinary income) increased by 87%.
The fashion retailer also launched three new stores—two in Delhi and NCR and one in Bhubaneshwar, taking the tally to 35 stores in 16 cities.
It will open 15 more stores in 2008, taking the tally to 50 stores, making it the largest fashion and lifestyle store brand in the country.