Spencer expects to break-even soon

Also, plans to have 80 stores by 2017
Sample

Spencer’s Retail, part of the RP-Sanjiv Goenka Group, is set to become profitable at the earnings before interest, taxes, depreciation and amortisation (Ebitda) level in a couple of quarters, highlighted Shashwat Goenka, the group’s retail sector head in a recent media interaction.

For fiscal ‘13, this retailer reported a net loss of Rs 2,091 crore vis-a-vis a loss of Rs 2,554 crore a year earlier.

 
 
 
 
TRENDING ARTICLE
RECOMMENDED FOR YOU