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Footwear firm Liberty Shoes today reported 25.24% increase in net profit at Rs 2.53 crore for the second quarter ended September 2014.
The company had reported a net profit of Rs 2.02 crore in the same quarter a year ago.
Net sales in the quarter under review stood at Rs 143.8 crore, up 31.89% as against Rs 109.03 crore in the corresponding quarter last year, the company said in a filing to the BSE.
Liberty Shoes said it will expand aggressively this year by opening new stores.
"The company is aggressive in expansion and identifying the untapped market to enhance its presence and has plans to add 80-100 more showrooms in the franchisees or company owned and company operated (COCO) format in this financial year," it said in a statement.
It has opened 37 stores in the current fiscal.
Shares of Liberty Shoes settled at Rs 295.60 apiece on BSE, down 6.28% from previous close.
