>Pantaloon Retail Ltd. (ANAGRAM)

# Pantaloon Retail posted Q2 Net Revenues growth of 24.4% YoY undermined by the sluggish economic growth and fading consumer confidence. Same Store Sales growth for the quarter declined to 6.5% for value retailing and 0.47% for Lifestyle retailing. December SSS showed degrowth of 3.5% in case of value retailing and - 14.0% in case of lifestyle retailing.

# Improved operating margins by 137 bps due to realignment of cost structures. Restructuring employee compensation has resulted in drop in absolute costs. Even aggressive renegotiation of new/existing rental contracts have led to drop in overall rental costs even with increase in rental space.

To see full report : Pantaloon Ltd.