Pantaloon Retail posts 87 per cent increase in Net Profit for the financial year ended June 30, 2007

Pantaloon Retail (India) Limited, part of the Future Group, declared its audited financial results for the year ended June 30, 2007 wherein the gross turnover (Rs.3550.35 crore) for the year increased by 75 per cent; net sales/ income from operations (Rs. 3236.73 crore) increased by 73 per cent; profit before tax (Rs.181 crore) increased by 97 per cent; and net profit (Rs. 119.99 crore) increased by 87 per cent.

A meeting of board of directors was held today i.e. September 26, 2007 and the Board inter-alia took the following decisions:

(a) The Board approved the stand alone and consolidated Annual Accounts of the Company for the year ended June 30, 2007

(b) The Board took on record the audited financial results (stand alone and consolidated) for the year ended June 30, 3007

(c) A dividend of Rs. 0.59 (25%) per equity share has been recommended by the board of directors.

(d) The 20th Annual General meeting of the company is scheduled to be held on Thursday, November 15, 2007.

(e) The Register of Members and Share Transfer Books shall remain closed from Friday, November 9, 2007 to Thursday, November 15, 2007 (both days inclusive) for the purpose of the dividend to be declared in the 20th Annual General Meeting.

(f) The Board accorded its approval as ultimate holding company to Future Ventures India Limited for raising of funds through private placement and initial public offering (IPO) of equity shares and / or convertible instruments into equity of around Rs.2,000 crores.


The Earnings per share (EPS) went up to 8.71 as compared to 5.06 last year. The Consolidated income from operations was Rs.3782.17 crores.

About Pantaloon Retail (India) Limited
Pantaloon Retail (India) Limited is one of India’s leading retailers operating over 5.5 million square feet of retail space across 42 cities in India. Headquartered in Mumbai, the company operates through primarily the ‘Lifestyle’ and ‘Value’ formats through multiple delivery formats and lines of business — some of them being, fashion, food, general merchandise, home, leisure and entertainment, financial services, communications and wellness. The company caters to the ‘Lifestyle’ segment through its 31 Pantaloons stores and 4 Central Malls, as well as its other concepts. In ‘Value’ retailing it is present through 68 Big Bazaar hypermarkets and 100 Food Bazaars, and other delivery formats.