IndiaRetailBiz

Koutons Retail, which raised capital through IPO last September, has announced sales of Rs 371.2 crore and net profit of Rs 35.5 crore for the fourth quarter ended March 31, 2008.

As the company was listed only six months back, no comparable figures are available for the previous period.

According to D.P.S. Kohli, Chairman, Koutons Retail India Ltd, “Koutons will continue to focus on maintaining and reinforcing the image of its existing exclusive brand outlets and also introduce its apparel to new geographical areas.”

At present, Koutons Retail operates around 1,200 stores under Koutons and Charlie Outlaw brands across India.

“Going ahead, in this year, the plan is to have total 1,800 outlets and eventually have 1,000 Koutons outlets and 2,000 Charlie Outlaw outlets in next 3-4 years,” added Kohli. The company is also looking at scaling up the current 18 number of flagship stores to 120 in the next 1-2 years. These stores house all the brands sold by the group.

Koutons, which launched “Lesfemme” and “Koutons Junior” under womens wear and kids wear categories this year, hopes these brands to make healthy contribution in the coming years.