Pantaloon Retail June sales up 52%

Retail sales of Pantaloon Retail (India) increased 52% to Rs 176.77 crore in June when compared with Rs 116.25 crore in June 2005, according to an official release issued today.

For value retailing, sales were at Rs 128.80 crore as against Rs.79.39 crore - a YoY growth of 62.24%. For lifestyle retailing, the company recorded sales of Rs 47.97 crore as against Rs 36.86 crore during the same period last year - a YoY growth of 30.14%.

Same store growth in value retailing for June stood at 10.83% and for lifestyle retailing at 18.83%.  The above sales figures for the month of June 2006 and June 2005 include Shop in Shop (SIS) sale of Rs.5.06 crores and Rs.9.94 crores respectively.

Pantaloon inks deal with Ruchi Soya, Fun Foods


OUR CORPORATE BUREAU: Pantaloon Retail has signed a slew of strategic agreements just prior to the two-day vendor fair it is organising in Delhi. The first is an alliance with Ruchi Soya, makers of edible of oil and soya nuggets, under which both companies would work together to develop premium oils to be sold through both the Pantaloon network (Food Bazaar) as well as through Ruchi Soya's distribution set up. Ruchi Soya will also manufacture edible oils under Food Bazaar's private label, Fresh and Pure.

Kishore Biyani, managing director of Pantaloon Retail, said: "We are excited by the opportunity in edible oil, and will grow this category through our modern retail formats."

Dinesh Shahra, managing director of Ruchi Soya Industries, said: "The alliance will provide us the platform to showcase our branded portfolio through Pantaloon's pan-India presence and help us cater to the growing demand for FMCG products." 

Pantaloon has also signed deals with Fun Foods, makers of jams, dips, sauces and cake mixes under which the two companies will collaborate to set up salad bars at the Food Bazaar outlets.

The company has also tied up with the Chaudhary Group of Nepal to market its Wai-Wai noodles through the Food Bazaar outlets.

The SR Group, manufacturers of brands like Home Foil, Clean Wrap and Mistique, and Pantaloon has entered into a strategic agreement for supply of paper napkins, tissues and aluminium foil from its existing basket under Food Bazaar's private label. This would also enable SR Foils to improve their production capacity utilisation.