The Kishore Biyani-promoted Future Group firm, Pantaloon Retail India, has seen sales from its value, home and lifestyle retailing segments jump over 20 per cent in April as against sales clocked in the same year-ago period.
The BSE-listed company's three segments put together generated sales worth Rs 595.81-crore last month as against Rs 496.38-crore in April 2008, up 20.03 per cent, Pantaloon Retail India (PRIL) said in a statement.
However, India's largest listed supermarket operator saw same store sales (SSS) in its home retailing segment fall for the sixth month in a row.
PRIL posted a negative growth of 28.21 per cent last month in same store sales from its home retailing (and home electronics) stores — HomeTown, Furniture Bazaar, eZone, Electronics Bazaar and Collection i, over April '08.
In July-April 2009, Pantaloon's cumulative sales from value, lifestyle and home retailing jumped 31.18 per cent at Rs 6,298.02-crore over the same nine-month period last fiscal.
The company plans to raise about Rs 1,500-crore through a mix of preferential allotment of shares to promoters and private equity funding to fuel its future growth.
PRIL shareholders have approved a proposal to raise Rs 368-crore via preferential issue of equity shares and warrants.
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