We maintained margins despite discounts in Q1: Pantaloon Retail
By Ira Dugal | Published On: August 13, 2012 13:20 (IST) | Duration: 11 min, 14 sec
Pantaloon Retail (India) has posted a 78.57 per cent decline in consolidated net profit at Rs 21.16 crore for the fourth quarter ended June 30. Rakesh Biyani, Joint Managing Director, Pantaloon Retail told NDTV Profit that their volumes are pressure due to inflation. "We have seen a slowdown in growth in the fourth quarter. We have maintained margins despite discounts," he added.