Gift and greeting cards major Archies today said its net profit declined by 20.7% to Rs 3.6 crore for the third quarter ended December 31, 2011 over the same period last fiscal.
The company had posted a net profit of Rs 4.5 crore for the quarter ended December 31, 2010 Archies said in a filing to the BSE.
Total income of the company stood at Rs 56.6 crore for the quarter ended December 31, 2011 as against Rs 56.6 crore for the corresponding period previous fiscal.
"The company as on date has 228 company owned and operated retail stores which includes 217 Archies outlets and 11 Hallmark outlets," Archies said.
Shares of Archies today closed at Rs 27.50 on the BSE, up 2% from its previous close.