Apparel and fashion wear chain Koutons India Retail today posted a 12.3 per cent dip in its net profit for the quarter ended March 31, 2010, to Rs 31.43 crore as against the same period a year ago.
The company had a net profit of Rs 35.82 crore in the quarter-ended March 31, 2009, Koutons India Retail said in a statement.
During the quarter, the company's total income had a marginal growth of 1.8 per cent to Rs 386.04 crore from Rs 378.90 crore recorded in the corresponding period previous fiscal.
For the year-ended March 31, 2010, the company's net profit stood at Rs 82.32 crore, a marginal growth of 3.48 per cent from Rs 79.55 crore in the year-ago period.
"Despite a slow start, the overall performance during the year has been quite satisfactory. The results have been as per expectations and pave the way for favourable growth avenues in future," Koutons Retail India Chairman DPS Kohli said.
During the year, the company had a total income of Rs 1,205.4 crore, registering a growth of 13.48 per cent from Rs 1062.2 crore posted in the year-ended March 31, 2009.
The company said, during the period, it had focused on consolidation and introduced the concept of family stores, which had benefited the company in terms of increased revenues and increased customer base.
"Going forward, the company aims to strengthen its position in existing markets by introducing newer products and also expand the concept of organised retailing across newer geographical territories," Kohli said.