Edelweiss Capital on Pantaloon Retail
We believe with margin improvement from profitable merchandise, operational efficiencies, lower rentals kicking in, and the rapid pace of expansion, PRIL is an attractive bet. EBITDA margins improved 140bps on account of lower-than-proportionate increase in employee and other overheads. This is in line with the company’s effort to rationalise its employee cost and other selling and administration costs.
ICICI Securities on Koutons Retail
We remain positive on the asset-light business model of the company and believe the company will be able to meet its expansion targets. The net profit increased by 79.57% QoQ to Rs 19.46 crore in Q2FY09 on account of less than proportionate increase in fixed costs like interest and depreciation.We maintain our estimates for FY09 and FY10 as they are conservative to take care of the competitive scenario.
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3 years ago
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2 comments:
Investors Beware! This is a gas balloon. Per stores Sales are dropping drastically and unsold stocks are piling up. Koutons does not update creditors and purchase tiil payments are due and hence it can never be reflected on the bal sheets about the actual payables. 75% Franchisees are fed up of the company's policies and credibility is very low. Their per unit recovery is only 32%. one can easily calculate their losses since their average discounting is around 68%. On top of that they have massive back office expenses and media expenses.
God help those who put their foot in this muck.
Thanks for the visit.
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