Koutons Retail has posted 12.3 per cent drop in its net profit for the quarter ended March 31, 2010, at Rs 31.43 crore as against Rs 35.82 crore, the previous year.
The company's total income had a marginal growth of 1.8 per cent to Rs 386.04 crore (Rs 378.90 crore). For the year-ended March 31, 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.
D.P.S. Kohli, Chairman, Koutons Retail India, said that despite a slow start, the overall performance during the year has been quite satisfactory. The results have been as per expectations and have paved the way for favourable growth avenues in future.
The company said that it is largely focused on consolidation and introduced the concept of family stores which have brought in fruitful results for the company in terms of increased revenues and increased customer base.