Koutons Retail net sales up

Tuesday, 02 February 2010

Koutons Retail, a leading retail company of India, reported net sales of Rs 269.38 crore for the quarter ended December 31, 2009, as compared to Rs 228.95 crore in the corresponding quarter of the last fiscal year. It registered a growth of 17.65 per cent.
The profit after tax registered a growth of 18.62 per cent to reach Rs 15.80 crore as compared to Rs 13.32 crore in the third quarter of last year.
The net sales for nine months too went up, at Rs. 817.95 crore as compared to Rs 669.1 crore in the corresponding period of the last fiscal year. It registered a growth by 22.23 per cent.
Commenting on the company?s performance, D P S Kohli, chairman, Koutons Retail, said, the robust performance signifies the strong fundamentals of the company. ?It is a testimonial that our growth agenda is on track. The innovations at Koutons have brought in fruitful results for our stakeholders and we are confident of building a stronger base for future growth.?
Koutons started primarily as a denim and casual brand is today a leading manufacturer of complete men, women and kids wardrobe under the brand name Koutons, Les Femme and Koutons Junior. With around 1,360 outlets across India, and a wide range of clothes for men, women and children, Koutons Retail is a clear leader in the Indian retail segment. It?s one of the first brands to aggressively open stores in Tier II and Tier III cities across India. Another well-known brand from the Koutons? stable is Charlie Outlaw. It caters to the teens and has clothes including jeans, T- shirts, jackets et al. As a brand, Koutons caters to the upper and upper middle class segment.