S Kumar’s Nationwide – New Dimension in Retailing

S Kumars Models Pose for Retail MantraSKNL is well positioned to benefit from the growth of the branded textiles and apparel market in India. It is a leading player in the branded textiles and apparel segment in India with market leadership position in the uniforms segment (30% market share) and is the 2nd largest player in the worsted suiting segment. Its product range caters to all consumer segments ranging from mass market to luxury textiles.

SKNL’s brands currently (more…)

Kaya Skin Growth Deteriorates – Client Retention Falls

Marico is facing a steady deterioration in the fortunes of its flagship business, Kaya Skin Clinic which was one of the fastest growing segments of the company.

The Managament says that Kaya will continue to make losses in FY11F (we estimate a loss of INR100mn) and is only looking at breakeven in FY12F. Management remains convinced of Kaya as a business model and reaffirms its view that it will succeed in the medium term; it will continue to support (more…)

51% FDI in Multi-Brand Retail Proposed

Foreign Retail Investment in IndiaCurrently the Indian Government allows Foreign Direct Investment in the retail sector in single brand outlets only. Multi Brand retailers are operating with an Indian partner. The Government has now proposed to allow 51% FDI in Multi Brand Outlets – This means Costco, Sams Club, Careefour etc can now directly retail to the Indian consumer.

A copy of (more…)

Spencer’s – Financials + Business Verticals Insight

You are Reading this First HereWe would like to Present to you a Detailed Study on the Financial Matrix of Spencers Retail and the Managements View on the business and how it managed to cut losses and sail the 2008 storm.

Financials of Spencers Retail:
In FY10, our pre-tax losses have reduced by 50% YoY. The cash losses have also halved to Rs2bn (excluding Rs200m incurred by Music World). There are several adjustments to reported FY10 numbers. For instance, in FY10, they have taken a onetime non-cash charge of Rs1bn, comprising store closure, inventory write-down, etc. If we adjust FY09 numbers for (more…)