>Pantaloon Retail (ANGEL BROKING)

PRIL masters the sustenance mantra

Same Store Sales growth sustains in March 2009

Pantaloons Retail's (PRIL) Standalone registered positive yoy Same Store Sales (SSS) growth in March 2009, indicating sustenance of growth and consumer confidence. The Value and Lifestyle Retailing Segments of PRIL Standalone registered yoy SSS growth of 5.3% and 4.3% respectively, in March 2009. The Home Retailing continued to register negative yoy SSS growth for the fifth consecutive month, at -10.3% in March09.

It may be noted here that in March 2009, all the three retailing segments of PRIL
Consolidated sustained yoy SSS growth at February 2009 levels, when the Value, Lifestyle and Home Retailing clocked yoy SSS growth of 5.3%, 4.4% and -10.2%, respectively. This indicates that consumer footfalls are being sustained and is expected to go up in the future following indications of revival of the economy, albeit at a sluggish pace. We believe that this sustenance of SSS growth was on account of regular promotions and discounts offered by PRIL through 3QFY2009 (June-ending).

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