Pantaloon Retail is to announce its third quarter numbers. According to CNBC-TV18 estimates, its Q3 net profit is seen going up 21% at Rs 38.4 crore versus Rs 31.7 crore.
Its net sales are expected to go up 37% at Rs 1,688 crore versus Rs 1,226.8 crore. OPM is seen going up by 80 bps at 9.7% versus 8.9%.
Factors to watch
Pantaloon continues retail roll out at brisk pace – total retail space now upwards of 12m sq. ft.
Standalone retail space up 33.5% YoY to 8.6mnsqft
3 Big Bazaars (including cut-in Food Bazaars) and 1 Pantaloons department store were opened in Q3
Sales growth to be driven by these new store openings and the discount sales during the quarter
Efforts to manage operating costs, especially renegotiation of peak rentals and easing cost pressures will mean an expansion in margins
PAT growth lower – To be impacted by steep increase in interest cost and depreciation
Need to watch out for: Sales and same store sales growth in December, and increase in inventory during the quarter
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