Fashion Retail Management

fashion retail management
(Assignment 1)
Faculty
Mr. Sushil Raturi
Paper Compiled by
Arnav Paitandy | MFM, Sem 1, 2008; 06
Kanika Jain | MFM, Sem 1, 2008; 12
Swati Saini | MFM, Sem 1, 2008; 32

Contents
Introduction 3 Future Generali 23
Achievements 4 Future Logistics 24
Future Media 25
Future Brands 26
Knowledge Services
28
Home Town 13
Associate Companies
Staple‟s 14
& Firms 29
Pantaloons 6 ConvergeM 15
Subsidiary
Central 7 Companies 30
Food Bazaar 8 Joint Ventures 35
Future Ideas 9
Future Capital
Holdings 16
Kshitij 17
Product Offerings 37
Brand Factory 18
Future Bazaar 10 Price Points 39
Big Bazaar 19
Specialty Retailing 11 Financial Overview 40
Future Ideas 20
Home Solutions 12 Bibliography 43
Leisure &
Annexure 44
Entertainment 21
Future Money 22
MFM, Semester 1, September 2008 2

Introduction
Pantaloon Retail (India) Limited is India's leading retailer that operates multiple retail
formats in both the value and lifestyle segment. Pantaloon has ushered a retail
revolution in India and its founder Kishore Biyani is known as India's "King of Retail".
Pantaloon's headquarter is in Mumbai. The company currently operates over 5 million
square feet of retail space and has plans to increase it to 30 million sq. ft by 2011.
Pantaloon has plans to open over 3000 new stores by 2010.
Pantaloon's origin can be traced to 1987 when the company was incorporated as
Manz Wear Private Limited. The company launched Pantaloons trouser, India's first
formal trouser brand. In 1992, Pantaloon launched its IPO. In 1994, The Pantaloon
Shoppe - exclusive menswear store in franchisee format was launched across the
country. Pantaloon started distribution of branded garments through multi-brand retail
outlets across the nation. In 2001, Big Bazaar, India's first hypermarket chain was
launched. In 2002, Food Bazaar, the supermarket chain was launched. In 2006, Future
Capital Holdings, the company's financial arm launched real estate funds, "Kshitij" and
"Horizon" and private equity fund "Indivision". The company forayed into insurance and
consumer credit.
Pantaloon Retail is the flagship company of Future Group. The lines of business of
Future Group have been diagrammatically summarized below:
Pantaloon Retail (India)

Limited
Entertainm ent,
Lifestyle Retailing Value Retailing
Leisure and Sports
Pantaloons
Big Bazaar
Central
Fashion Station Food Bazaar
aLL
MeLA

Major Achievements of Pantaloon Retail

 Chosen as International Retailer for the Year 2007
 Chosen as Emerging Market Retailer of the Year 2007
 Best Employers in India (Rank 14th) in the Hewitt Best Employers 2007 survey.
 Best Managed Company in India (Mid-cap) for the year 2006.
 Won Images Retail Awards 2006 for Best Value Retail Store, Best Retail
Destination, and Best Food & Grocery Store.
Presence of Future Group – Pan India


Pantaloons
discovering fresh fashion
The first Pantaloons store in Kolkata set the year was in excess of 70%. The
off a chain of discoveries that led to increasing success of the store brand is
where Future Group is today. Spread evident from the fact that the store‟s
across 85,000 square feet, the store is loyalty programme, Green Card, added
the first among a series of large format 200,000 new members.
stores that were launched across the Pantaloons is expected to see a
nation. significant expansion during the coming
After consolidating its Fresh Fashion year with an increase of nearly 0.50
positioning, Pantaloons embarked on a million square feet of retail space and an
major expansion during the year 2006- addition of about 15 stores. Pantaloons
07. In 8 cities, 11 Pantaloons stores focuses at dominating cities where it has
were opened. The total count of a first entrant advantage and scales up
Pantaloons stores as on 30th June 2007 sizeably with larger stores, additional
stood at 31 with the total area under categories and retail formats.
retail close to 1 million square feet. Year 2007-08 witnessed considerable
In order to maintain top of mind focus in the North and East regions.
association with fashion in India, Delhi and the NCR area along with
Pantaloons continues to be the title Punjab, Chandigarh and Ludhiana.
sponsor for Femina Miss India 2007 Cities like Ranchi, Guwahati and Siliguri
pageant. Bobby Deol and Lara Dutta in the East will also discover Fresh
were roped in as brand ambassadors. Fashion.
The private label apparel share during

Central
discovering celebrations in the heart of the city
Central was built keeping in mind the experience between the merchandise
proposition of offering the consumer the management and brands retail team, as
benefits of shopping, eating and a pilot study. The important aspect of
celebrating, right in the heart of the city. Inventory Management is also being
Central is the best example of pooled addressed more effectively with the pilot
insights and processes leading to new implementation of RFID (Radio
discoveries. A noticeable initiative was Frequency Identification Device) across
the formation of key brand relationship some categories in all Central stores.
teams for the top ten performing brands This technology enhancement is
in terms of revenue and profits. This expected to have a positive impact on
resulted in maximized returns for both inventory handling and reconciliation
the store as well as the brand owners. and will gradually include most
merchandise categories. In FY 2008
As on June 2007, there were 4 Centrals
Central is poised to expand its footprint
operational in Bangalore, Hyderabad,
to new cities with the opening of 3 more
Pune and Vadodara spread over nearly
malls.
0.60 million sq.ft. The fourth Central mall
spread over nearly 150,000 square feet The existing stores will be upgraded
was launched in Vadodara in January through addition of new product
2007. categories. Efforts are also being made
to forge strategic alliances with other
Central also initiated the creation of a
established international brands.
seamless technology integration

Food Bazaar
discovering the new consumer
Based on the company‟s in-house and packaged tea; the Tasty Treat
consumer data and research, and in brand received a favorable response in
cognizance with observations on new categories like namkeens and
customer movements and the shopping wafers. In the home care category,
convenience factor, Food Bazaar has Caremate launched aluminum foil and
initiated refurbishments and layout baby diapers while Cleanmate launched
design across all stores. The intention is detergent bars and scrubbers.
to continuously change with the
A new format „BB Wholesale Club‟ was
demands of the evolving Indian
launched and 4 such stores have been
consumer.
opened so far. To be managed by Food
The total count of Food Bazaars as on Bazaar, this format sells multi-packs and
30th June 2007 stands at 86 stores in bulk packs of a select range of fast
26 cities. moving categories and caters to price
sensitive customers and smaller
The company‟s private label program
retailers.
gained significance. The brands have
been very competitive vis-à-vis the The company has also forged tie-ups
established brands in quality and price with companies like ITC, Adanis, DCM
terms, and have scored better than Group, USAID and other farm groups in
major players in certain categories. The Maharashtra and Madhya Pradesh to
share of private labels as a percentage source directly from them. These
of total Food Bazaar revenues has alliances are expected to drive
increased significantly and comprises efficiencies as well as bring better
nearly 50 merchandise categories. products to consumers.
The Fresh & Pure brand entered By the end of FY 07-08, the total
categories of cheese slices, frozen number of Food Bazaar stores is
peas, honey, packaged drinking water expected to be 200.

Future ideas
discovering new opportunities
Future Ideas is the Innovation, Design & The Incubation team comprises of
Incubation cell within Pantaloon Retail business teams, mentored by the
that stems from the core proposition - Innovation and Design teams. They are
„Protecting and preserving the soul of a people who are released from their
small business or enterprise within a original businesses or concepts and
large organization.‟ made part of the entire ideation process
at Future Ideas. They remain at Future
Future Ideas deals with the whole
Ideas till project completion stage when
aspect of idea creation, scenario
the success parameters for running the
planning activities, alternate approaches
business are met.
to an issue, providing varied outcomes
and solutions to a problem and Future Ideas draws inspiration for most
handholding the activity till its success of its activities and projects, keeping in
parameters are satisfied. mind the new genre of aspirational
Indians. At any point of time Future
Future Ideas can be classified as
Ideas would work on about 20 varied
Innovation driven, Design Management
projects within the Future Group.
approach and an Incubation chamber,
each with its own uniqueness, yet with Some of the formats that are now being
common objectives. incubated by this team include Top10,
Depot, Star & Sitara and Talwalkars‟ Fit
The Design Management team looks at
& Active. The team is also working on
each observation made by the
ideas around small format no-frills
Innovation team, and brainstorms by
stores, rural retailing, fashion for the
using a collaborative and holistic
masses and on projects involving
approach. The resultant ideas are then
women and self-help groups.
nurtured within the Incubation cell.

futurebazaar.com
discovering the virtual world and beyond
futurebazaar.com the company‟s online internet access. Some product

venture. According to the industry categories which were well received by
estimates, the Indian online shopping the consumer were mobiles, USB & pen
business is likely to grow by 150% to drives, laptops, watches and cameras.
touch Rs 5,500 crore in 2007-08 from
With internet penetration levels
Rs 2,300 crore in 2006-07.
increasing at a steady pace,
futurebazaar.com has been designed to
futurebazaar.com is preparing to be
capture the lion‟s share of this fast
present at each „click‟ of the consumers‟
growing market by combining the
fingers. This implies increasing its reach
expertise and wherewithal of its existing
through an online as well as an offline
retail businesses with a strong
approach, to a larger target audience in
technology backbone for the online
both major cities and remote areas of
platform.
the country.
futurebazaar.com participated in the
futurebazaar.com will look to further
„Sabse Saste 3 Din‟ phenomenon
consolidate its position as a true online
between 26th and 28th January ‟07 and
shopping portal guaranteeing the best
offered the same deals available at Big
prices and deals, better product width
Bazaar to online customers. Combining
and depth, usage of the latest
the online portal with catalogue retailing
technology based applications,
through kiosks located in malls and
informative and on-time delivery
shopping centers, the format attracted a
guarantees.
new set of customers yet untouched by

Specialty retailing
discovering new retail formats
Planet Retail is a joint venture company (India) Limited and the leading footwear
operated by Pantaloon Retail (India) manufacturer, Liberty Shoes. The
Limited. The company operates a chain flagship format of this company, Shoe
of stores in the sports, leisure and Factory, is positioned at the value
lifestyle segment of the market. segment of the market. The first Shoe
Factory outlet was launched in May
The flagship format of the company,
2006 in Ahmedabad. In a short span,
Planet Sports, is targeted at the sports
the joint venture has launched 21 Shoe
lifestyle segment. Planet Sports has a
Factory outlets covering 120,000 square
total of 46 stores occupying a retail
feet of retail space in Ahmedabad,
space of approximately 100,000 square
Hyderabad, Panipat, Jaipur, Agra,
feet. The company‟s other formats in
Ghaziabad, Lucknow, Bangalore,
this segment include Sports Warehouse,
Mumbai, Vadodara, Raipur, Surat and
and mono brand format of Adidas and
Kolkata.
the Athlete‟s Foot.
This includes 3 cut-in stores located
The company also operates stores
within Pantaloons outlets. The company
under franchisee agreement with Marks
has also launched a new format, Pairs,
& Spencer, Debenhams, Guess and
which is targeted at the lifestyle
Next. The sports lifestyle segment of the
segment. The company plans to have
company plans to add 19 more stores
46 Shoe Factory and 6 Pairs outlets by
during FY 08.
the end of FY 08.
Footmart Retail (India) Ltd is the joint

venture between Pantaloon Retail

Home solutions
discovering ideas for India’s homes
Home Solutions Retail (India) Limited, a comprising 4 independent outlets and

subsidiary company, has been designed 55 cut-ins.
to cater to the Rs 80,000 crore home
In the furniture, furnishings and home
building and improvement market in
accents segment, the company
India. With the entire market being
operates through its Collectioni and
largely unorganized, there exists an
Furniture Bazaar formats. Collectioni,
attractive and expanding opportunity to
typically about 10,000 square feet in
provide a complete solution to all
size, is positioned as a complete
products and services that go into home
„lifestyle‟ solutions offering for the
building and improvement. The formats
homemaker. In 2006-07, 9 stores were
are designed as one-stop destinations
operational. The company has plans to
that offer a complete range in consumer
open about 7 additional Collectioni
electronics, furniture and other home
stores in the coming financial year.
products.
Located within most Big Bazaar stores
The company‟s electronic and consumer and as stand-alone outlets, Furniture
durables offerings are led by E-Zone in Bazaar retails aesthetically pleasing and
the lifestyle experience environment and utilitarian furniture. During 2006-07, 21
the value segment is represented by new Furniture Bazaar cut-ins and 5
Electronics Bazaar. In its first full year of independent outlets were opened. In
operation, 80 stores were opened in 10 terms of sourcing, the focus was on
cities. In year 2006-07 10 new E-Zone identifying and developing preferred
stores were added, taking the total vendor relationships in countries like
number of stores to 12. The coming Vietnam, China, Indonesia, Malaysia,
year will see the launch of around 20 Thailand and Denmark.
new E-Zone stores across the country.
The total number of Electronics Bazaars
as on June, 2007 stood at 59 stores

Home town
discovering the joy of one’s own home
The company launched its first Home Sensei have a revenue share of 20%.
Town of 125,000 square feet in April Private labels were introduced in LCDs,
2007, at Great India Place, Noida. The Digital Camera, MP3 players, Rice
second store opened in June 2007 at Cookers etc. To support the private
Acropolis Mall, Ahmedabad. The total label programme 30 after-sales service
retail area is at 255,000 square feet. networks and call centers are
operational.
The Home Towns were well received
by customers and trade. The B2B Home Solutions Retail (I) Limited has
business has received several entered into 2 equal joint ventures with
enquiries and a separate business unit India‟s market leader in the retail
focusing on institutional trade has been industry lighting segment and the
formed. A few of the country‟s leading fastest growing lighting solutions
real estate companies placed orders provider for the retail consumer, Asian
worth Rs.220 crore for 8,000 flats, with Electronics. Asian Electronics, with a
Home Town. market share of over 60% in the
segment brings to the table its vast
7 new Home Town stores are
technical and manufacturing expertise.
scheduled to launch by FY 08 in Thane,
Pune, Lucknow, Bangalore, Apart from Pantaloon Retail, some of
Hyderabad, Gurgaon and Kolkata. The the customers serviced by the venture
company is upbeat about the business include Spencer‟s Retail, Infinity Retail,
model and aims to emerge as a growth Home Care Retail, Provogue, Welspun,
driver for the category. Metro Cash & Carry and Food World.
The company‟s private labels in the

consumer durables space, Koryo and

Staple’s
discovering the power of partnership
Specialty retailing forms a large part of Indian US$ 10 billion office products
the retailing industry globally. In India market and simultaneously benefits
too, significant opportunities are Pantaloon Retail from the industry
emerging in various segments of expertise and sourcing network of the
specialty retailing. In order to capture world‟s largest office products company.
these opportunities the company has
The aim is to become the office
entered into joint venture partnerships
products provider of choice for
with large global companies that have
businesses throughout India. The Indian
expertise in setting up such businesses
operations currently will be two fold,
in developed as well as emerging
contract delivery to corporates and retail
markets. The company believes that
through franchisee stores and store-in-
these partnerships will bring in segment-
stores within Future Group retail
specific expertise and experience.
formats. The venture will deal in a wide
The month of January 2007 marked the variety of categories and office products,
creation of a joint venture between ranging from core office supplies to
Pantaloon Retail (India) Limited‟s office printers to computers. Future Office,
products business unit, Future Office which recently acquired B2B online
and the US$ 18 billion office products office products company Officedge, will
company, Staples Inc. Staples Inc. is look to expand its delivery operations to
the world‟s largest supplier of office other cities such as Delhi, Mumbai,
stationery products. The new company, Hyderabad, Chennai, Kolkata, Pune,
Staples Future Office Products Private Ahmedabad, Indore and Chandigarh in
Limited, aims to replicate Staples‟ global the near future.
success in India through a franchisee
network. The agreement establishes a
platform for Staples Inc. to enter the

ConvergeM
discovering opportunities in the new economy
According to the TRAI, the mobile points are designed to be distinct in

subscriber base of India is 165 million. character, exuding warmth coupled with
By 2011, the total number of mobile exciting deals. These counters provide
connections will have reached in excess customers with easy access to airtime
of 460 million, accounting for close to recharges, VAS, recharge coupons,
40% of India‟s population. India will regularly used accessories, other
emerge as the second-largest market in telecom hardware and software along
the world after China for mobile with a wide range of mobile devices.
handsets in terms of unit shipments.
The company has opened 55 stores
ConvergeM, the communication division during the last year which included 53
of Pantaloon Retail (India) Limited was cut-ins within Big Bazaar and
set up to focus on and leverage the fast Pantaloons, and 2 standalone stores.
expanding telecommunication market in With this the total store count for the
India. The company brought in a joint joint venture company touched 92 as on
venture partner, Dubai-based Axiom June 2007. The year 2007-08 will
Telecom for distribution and back-end witness expansions through standalone
support to the existing retail business. store, along with a state-of-the-art repair
and after sales service model focusing
There are no large mobile specialty
on this largely unorganized market. The
retail chains in the country and
business is also considering focusing on
customers are dependent on single
the fast growing telecommunications
brand entities or grey markets for
services market.
procuring mobiles and related
accessories. ConvergeM intends to
translate this market opportunity into a
viable commercial model. The retail

Future capital holdings

discovering capital as a catalyst
Consumption and capital are two sides considerable in-house investment

of the same coin. While consumption advisory expertise while also leveraging
drives economic growth and prosperity, Future Group‟s retail reach and domain
capital plays a crucial role in wealth knowledge of the consumption space in
creation. This was the premise behind India.
the creation of Future Capital Holdings
FCH‟s subsidiary, Indivision India
(FCH) over a year ago.
Advisors (IIA) is the Indian sub-advisor
Today FCH is one of the fastest growing to Mauritius based Indivision India
financial services companies in India Partners (IIP) - a US $425 million,
with asset advisory, retail financial Mauritius based fund. Advisory Services
services and proprietary research as its include backing strong entrepreneurial
main lines of business. The research by talent and high growth companies
FCH, provides fundamental research broadly benefiting from the consumption
that assists the process of value space in sectors such as FMCG, media,
creation for all Pantaloon Retail entertainment, food and beverage,
businesses and investments. fashion and healthcare. The strategic
advisory relationship with IIA and the
The Indian economy is on a substantial
Future Group adds value to the portfolio
growth path with significant investment
companies which benefit by gaining
opportunities within consumption-related
access to a national distribution network
sectors. FCH‟s advisory business
and strong insights within the
already has a presence across the real
consumption space.
estate, private equity and hotels related
sectors and advises over US $1 billion
of assets. It seeks to offer superior
returns to investors by drawing on its

Kshitij
discovering and developing a new India
Quality real estate is at the heart of the leisure, entertainment and recreational
retail trade. Kshitij Investment Advisory needs of consumers. They will also
(KIACL), an investment advisor with include convention centers, hotels,
expertise across the real estate value service apartments, commercial offices,
chain including real estate development residential apartments, community
capabilities was set up to advice on, centers and public spaces.
identify and develop world-class retail
There is a high growth opportunity in the
destinations across the country.
business hotel segment due to the lack
KIACL today is the investment manager of supply of rooms in this space and the
of the Rs. 350 crore Kshitij Venture increasing number of Indian business
Capital Fund that focuses on setting up travelers. To capitalize on this
malls of up to 500,000 square feet in opportunity, FCH‟s hotel division will
Tier-2 cities across India. These malls serve as the sub-advisor to Indus Hotel
will be operational under the Kshitij Ventures, a Mauritius-based fund which
Retail Destinations umbrella. KIACL is when closed should have a total capital
also the Indian sub-advisor to the US of US $200-$300 million. The FCH hotel
$350 million Mauritius-based Horizon division will advise on the development
Fund. Services include advising on of primarily 3 and 4-star design-led
creating mixed-use developments called business hotels across India, leveraging
„Market Cities‟ in excess of 500,000 upon the upcoming retail-led real estate
square feet, catering to all shopping, developments advised by KIACL.

Brand factory
discovering value, experiencing the brand
Brand Factory is an exclusive chain of 60,000 square feet) showcase some of
all year discount stores offering the very the best known brands including Diesel,
best of national and international fashion Esprit, Levi‟s, Wrangler, Pepe, Lee,
brands. Launched in the second quarter Louis Philippe, Arrow, Bossini and Van
of FY 2007, Brand Factory clocked Heusen. Some new categories
footfalls in excess of 2 million and nearly introduced during the year under review
30 per cent of customers at each store, include music, electronics and luggage.
were repeat customers. As on June 2007, there were 5 Brand
The intent, with Brand Factory, was to Factory stores operational, spread over
offer the customer the true brand nearly 335,000 square feet in
experience at discounted prices. It was Hyderabad, Bangalore, Pune and
the price that got slashed, not the Ahmedabad. During FY 2008, nearly 5
experience. Brand Factory outlets were launched in
Primarily focused on retailing apparel, addition to the existing stores.
accessories and footwear at discounted
prices, these stores (each in excess of

Big bazaar
discovering more value
With the launch of each Big Bazaar The increase in SKUs in existing
store, Future Group discovered more categories and the introduction of new
value in terms of operational efficiency. categories encouraged the opening of
Big Bazaar launched 27 new stores in larger stores or Super Centres,
22 cities, covering over 1.40 million measuring 100,000 square feet or more.
square feet. As of June 2008, there There are now 5 Big Bazaar Super
were more than 100 Big Bazaar stores Centres.
across 43 cities. Considering this scale of expansion,
While Big Bazaar has continued to technology plays a significant facilitating
expand in the large cities, it also tapped role. The introduction of SAP in 2005-06
consumption potential in smaller cities has positively impacted the business.
like Agra, Allahabad, Coimbatore, Surat, Big Bazaar has initiated the process of
Panipat, Palakkad, Kanpur and Auto Replenishments Systems, thus
Kolhapur. improving operational efficiencies and
The year under review also witnessed productivity. The company has also
realigning of business teams with rationalized nearly 250 vendors through
shared experience in category better vendor management in terms of
management, sourcing, front-end potential to expand, and for inclusion
operations and business planning. In and upgradation to the online B2B
addition, separate teams have been platform.
formed to look into all aspects of new The company added over 60 stores
store launches and to manage mature across India in FY 2008.
stores. This provides more flexibility and
focus in expansion plans.

Future ideas
discovering new segments
Depot, in many cities, is the first modern In FY 2007-08, the total Depot footprint
retailer in books and music. The core is expected to cross over 100 stores.
differentiators of Depot are its young, The Health, Beauty & Wellness
colorful and vibrant stores, strong business opened 35 new outlets in the
regional range, affordability and a beauty products, services and holistic
private label publishing program - Depot health care formats. Multiple formats
Exclusives. operate in this segment, including Tulsi,
In its first year of operation, Depot had the pharmacy chain and Star & Sitara,
launched 6 stand-alone stores and 50 the beauty products cut-ins and Star &
cut-ins. Along with its expansion in Sitara Salons. The largest format,
major cities, Depot debuted in smaller Beauty Free offers unique combination
towns like Rajkot, Vadodara, Haldia, of products, services and holistic health
Thrissur and Tiruvanantharam. offerings.
The Depot Exclusives (released solely To capture the increasing consumption
inDepot) catalogue expanded rapidly spend on wellness and preventive
with over 100 titles across genres like health care, the joint venture between
children‟s books, cookery, regional Pantaloon Retail (I) Limited and
literature etc. Reputed authors/ imprints Talwalkar Better Value Fitness opened
like Nita Mehta and Sanjeev Kapoor in its first „Talwalkars Fit & Active‟ health
cookery, Disney in children‟s books etc., centre at Orchid City Centre, Mumbai in
have been associated with the April 2007. Spread over 5,200 square
company. Depot has also tied-up with feet, it is the country‟s first health centre
the UK based publisher of children‟s to offer health, fitness and gym services
books, Small World, to co-publish a within a modern retail and consumption
series of toddlers‟ interactive books. environment.

Leisure & entertainment

discovering India’s life after work
Future Group‟s presence in the fast company‟s topline as well as a steady
growing leisure and entertainment loyalty factor amongst its regular
space is established through its affiliate patrons.
company, Galaxy Entertainment and its
Blue Foods and Pan Foods have
equal joint venture company with
together managed to increase their
Mumbai-based Blue Foods and Pan
presence in over 100 locations spread
India Food Solutions Private Limited.
over 15 brands across India and serving
The company‟s recently launched kids more than 1 million customers daily. In
gaming and entertainment zone, F123, addition to its established strong brands
has opened 9 new centers in the cities like Copper Chimney, Cream Centre,
of Bangalore, Hyderabad, Mumbai, Bombay Blue, Noodle Bar, Spaghetti
Ahmedabad, Nagpur, Delhi, and Agra. Kitchen and The Spoon, many new
The total count of F123 centers as on service offerings such as Food Courts,
FY 2007 stood at 11. In the Sports Bar Fine Dine Specialty Restaurants, Thali
concept; the Mumbai unit at Colaba was Restaurants, Banquets and Multiple
given a facelift and revamped to Sports Kiosks formats were set up.
Bar Express model. More such models
The company‟s expansion plans are
were carved out from existing operating
quite robust and year 2008 will see
areas and Sports Bar Express is now
many more restaurants and food courts
operational in Mumbai, Indore and
coming up across the country, adding to
Bangalore. Both the above initiatives
nearly 150,000 square feet of
have witnessed healthy addition to the
operational space.

Future money
discovering and creating a financial supermarket
Future Money has been established with properties i.e.: Big Bazaar, Pantaloons,
the aim to set a new standard in the Central, Home Town, etc. for the sale of
organized retailing of financial services financial products and services. This
by creating a differentiated retail brand gives Future Money a unique advantage
that will make retail finance „Simple, with a presence at the point of
Easy and Convenient‟. These „financial consumption across retail outlets in
supermarkets‟ provide a range of more than 40 cities across India and
innovative financial products and significant exposure to nearly 150
services. It is well established that million footfalls.
availability of easy and convenient
Future Money proposes to leverage its
options within stores leads to significant
reach and captive customer base to
rise in ticket sizes.
offer a one-stop solution for financial
A total of 65 Future Money outlets were products and services. Key product and
already operational across the country service lines include consumer durables
in the first four months of operation. It is loans, personal loans, home equity
expected that 400 retail outlets spread loans, credit cards, life and non-life
across India will be established over the insurance, mutual funds, foreign
next 4 years as Future Money moves exchange and money transfer.
towards its goal of becoming the
Future Money will soon launch an
consumer‟s wallet.
innovative credit plus loyalty card that
Future Money has the exclusive right of customers will be able to avail across all
use and access to all Pantaloon Retail Pantaloon Retail format

Future generali
discovering insurance
Despite its teeming one billion plus countries across the globe. In recent
population, India still has among the years, the Group has made a significant
lowest insurance penetrations in the return to central-eastern European
world. Even though India boasts a markets and has set up offices in the
saving rate of around 25%, under 5% is principal markets of the Far East, China
spent on insurance. Considering that the being one of them.
company‟s retail formats reach out to The joint venture company between
over 150 million customers, Future Pantaloon Retail and Generali Group,
Group felt that it had opportunity to offer Future Generali, wants to be a
insurance services to customers within differentiator in life and general
and outside the retail environment. In insurance space by creating a new
this competitive scenario, the company platform for insurance business by
believes a key difference will be the leveraging local partner‟s proximity to
customer experience that each the Indian consumer and combining this
insurance player can offer in terms of with product innovation and
quality of advice on product choice, differentiation – the core expertise
along with policy servicing and behind Generali Group‟s global
settlement of claims. expansion.
It has entered into a joint-venture The company is looking at a robust pan-
partnership with Italian insurance major, India footprint of 100+ locations in 5
Generali Group. Established in 1831, years which will include Tier-2 & 3 cities
Generali is among the three largest also. The company is targeting a total of
insurance companies in Europe and is 39 branch and agency offices to be set
ranked 30th on the Fortune 500 list. It up in various parts of the country by the
has more than 3,50,000 shareholders, end of 2008 and would like to take the
70,000 employees and is present in 40 number to 100 by 2010.

Future logistics
discovering the convergence of supply chain
Future Logistics Solutions Limited contracted from established regional

(FLSL), a wholly owned subsidiary, has and national transport carriers. The
been formed to offer a more strategic, company is looking to increase the
focused and consolidated approach to number of dedicated fleet to about 600
meet the group‟s large captive SCM by FY 2008.
requirements. On the backing of the
In terms of warehouse space, nearly 2
group‟s subsidiaries, associations,
million square feet was operational as
alliances and key vendors, FLSL will
on 30th June 2007 consisting of 1
also extend its services bouquet to them
Master Distribution Centre and other
in the near future.
Regional DCs.
Future Logistics begins with an inherent
Future Logistics intends to build about 4
competitive advantage of being the only
Mega Merchandising Hubs (MMH) of
Indian company which has developed
about 250,000 square feet each, located
expertise in major consumer and
in each of the four zones over the next
consumption related categories. Another
one year. Further, about 23 larger
important differentiator is in the nature of
warehouses would be commissioned
transactions involved. While most loads
over the next couple of years, spread
are dealt in terms of container loads or
across nearly 20 locations pan-India.
metric tonnes, FLSL operates on a per
The total consolidated warehouse space
unit approach, making the value chain
that the company intends to have
even more dynamic and interesting.
operational by the end of 2008 is about
The Future Logistics team currently 2.50 million square feet increasing to
oversees the operations of an existing nearly 7.50 million square feet by 2010-
fleet of over 200 dedicated trucks, 2011.

Future media
discovering media in the ambience of consumption
Incorporated during the year 2006-07 as signage, product displays and facades.
a subsidiary of Pantaloon Retail (India) FMCG brands, industrial application
Limited, Future Media India Limited has companies and leading auto companies
based its business on the tenet of being are already heavy advertisers on the
able to address the captive consuming Future Media network.
class, while in the consumption frame of
Amongst print properties, Future Media
mind.
offers My World, a monthly magazine to
Future Media, aims to create media select customers of Big Bazaar.
properties in the ambience of
Future Media has also launched Future
consumption, wherein the consumer
TV, the television network across India‟s
seeks information via media, rather than
largest retailscape. It is the first retailer-
the other way around. The company
owned channel in India, and aims at
offers relevant engagement through its
converting footfalls into eyeballs by
media properties like Visual Spaces,
engaging the consumer while in the
Print, Radio, Television and Activation.
mode of consumption. Presently aired in
Visual spaces basically include offering
Mumbai, Delhi and Bangalore across
brands an opportunity to showcase their
Future Group stores, Future TV aims to
identities inside the shopping
provide a completely unique audio-
environment, such as shopping trolleys,
visual experience within an in-store
carry-bags, elevator doors, standees,
environment.
danglers, trial rooms, counters, instore

Future brands
discovering consumer aspirations
Futurebrands, a subsidiary company, getting the same depth of understanding

has been set up to create and build and creative inspiration as conventional
powerful brands that speak to the brands do, and in addition being rooted
fundamental motivations of the Indian in real and deep consumer insight, the
consumer. Its mandate is to build company seeks to transform the
valuable brands based on a deep brandscape in India. The engine driving
understanding of what the Indian Futurebrands is the team comprising of
consumer needs today and tomorrow. It some very experienced and talented
will leverage the distribution, reach and brand builders in the country.
consumer connection forged by the
Futurebrands seeks to lend a cutting
existing retail formats of Pantaloon
edge to what Pantaloon Retail offers, by
Retail as well as enlarge its distribution
giving its consumers the choice of
footprint by reaching consumers across
exciting value-added brands while
the country. In addition, it intends to
adding to its profitability and growth
provide cutting edge brand and
ambitions. In doing so, it wishes to
consumer consulting services to clients
empower the rapidly emerging Indian
outside the company.
consumer with the ability to express
At the heart of the Futurebrands idea herself more fluently in the language of
lies a desire to transform the traditional consumption.
notion of a private label brand. By

Futurebrands aims to be the licensor of degree communication. In the long term,

select brands under apparel, home these brands can enjoy the same trust
products, consumer durables, and food that the best manufacturer brands enjoy
& beverages categories initially to today. This would result in building
Pantaloon Retail and thereafter in select valuable brand assets for the Future
cases to other distribution formats Group.
outside the company. Futurebrands
The first brand launched from the
invest in advertising and brand building
Futurebrand portfolio was Dreamline, for
activities to enhance the selected
the home category.
brands‟ equities. To achieve this, its
specialist brand teams add value in the Dreamline offers a wide range of
areas of product design, merchandising, products in various categories and is
packaging, and advertising. endorsed by celebrated actor, Hema
Malini, who has been appointed brand
To begin with, the key brands in
ambassador for Dreamline.
Futurebrands‟ current portfolio include
Dreamline, DJ&C, Bare, John Miller, Dreamline seeks to address the huge
Buffalo, Lombard, RIG, Tasty Treat, and potential in the Home Category while
Fresh & Pure. catering to the needs of the masses,
through innovatively designed and high
It aims to build sharp positioning
quality products at affordable prices.
differentiation for its brands through 360

Knowledge services
discovering the power of technology
Future Knowledge Services (FKS) has FKS also plans to create the country‟s
been set up as an independent business first retail driven and consumption
unit that caters to all IT requirements for specific-centered BPO and KPO outfit.
the company as well as provide a In the BPO sphere, the company looks
technology-driven platform for providing at mass transactional approach,
strategy based, value added and involving high volumes, with all
knowledge driven business solutions for businesses within the company to begin
all businesses within the company. This with, and eventually offers its services to
initiative has made FKS the first retail affiliates, subsidiaries, joint venture
and consumption driven technology partners and vendors of the company.
service company in the country.
The BPO operations look at back office
FKS include IT-based applications and operations such as Payroll, Data entry
implementation modules; Designed, Operations, IT procurement needs and
Built and Run to enable businesses to Human Resource management, being
function smoothly and accurately. SAP outsourced to FKS.
as the backbone provider, ensures
FKS is contemplating entering the KPO
connectivity throughout the group‟s retail
space. FKS would provide domain
formats, warehouses, vendor partners
based processes and business
and allied businesses. In addition VPN
expertise, covering tenets of business
and Business Intelligence and Data
processing, research processing and
Warehousing tools have also been
deep dive analysis techniques.
incorporated as a robust decision
making enabler. Cutting edge It plans to set up its BPO & KPO
technology advancements at the store campus in Ahmedabad, Gujarat spread
level for better operational efficiencies over nearly 40 acres, employing over
and transactionary enhancements are 2,500 people
underway.

Associate Companies / Firm

1. Pantaloon Industries Limited;
2. Indus League Clothing limited;
3. KB Mall management Company limited;
4. PFH Entertainment Limited;
5. Manz Retail Private Limited;
6. Idiom Design & Consulting Limited;
7. Nishta Mall Management Company Private Limited;
8. Niyaman Mall Management Company Private Limited;
9. Acute Realty private Limited;
10. Dhruv Synthetics Pvt. Ltd.;
11. Anchor Malls Private Limited;
12. Varnish Trading Private Limited;
13. Bartraya Mall Management Company Private Limited;
14. Unique Malls Private Limited;
15. BLB Mall Management Company Private Limited;
16. ESES Commercials Private Limited;
17. Bansi Mall Management Company Private Limited;
18. Ojas Mall Management Company Private Limited;
19. Suhani Mall Management Company Private Limited;
20. Stripes Apparels Pvt. Ltd.
21. Liberty Shoes Limited
22. Sain Marketing Network Private Limited
23. Shendra Advisory Services Private Limited

Subsidiary Companies and interests

Name of the Company Country of %
Incorporation Holding
Convergem Retail (India) Limited India 100 %
CIG Infrastructure Private Limited India 51.00%
Future Capital Holdings Limited (FCH) India 78.25%
Kshitij Investment Advisory Company Limited India 71.99%
(92% subsidiary of Future Capital Holdings Limited)
Indivision Investment Advisors Limited (IIAL) India 15.65%
Myra Mall Management Company Limited India 78.25%
Future Finmart Limited India 78.25%
Ambit Investment Advisory Company Limited India 78.25%
Pantaloon Food Product (India) Limited India 100%
Pan India Restaurants Limited India 100%
Futurebazaar India Limited India 99.67%
Home Solutions Services (India) Limited India 73.32%
(100% subsidiary of Home Solutions Retail (India) Limited)
Home Lighting India Limited India 37.39%
(51% subsidiary of Home Solutions Retail (India) Limited)
Home Solutions Retail (India) Limited India 73.32%
Future Media (India) Limited India 100%
Future Logistic Solutions Limited India 100%
Future Knowledge Services Limited India 100%
Future Generali India Life Insurance Company Limited India 100%
Future Generali India Insurance Company Limited India 100%
Future E-Commerce Infrastructure Limited India 84.99%
Future Brands Limited India 100%
Foot-Mart Retail India Limited India 51.00%
Future Hospitality Management Services Limited India 78.25%
Future Mobiles and Accessories Limited India 100%
Sivagami Finance and Investments Limited India 78.25%

Subsidiary Performance
For the year 2006-07, the profit and loss statements of the subsidiaries of the Future
Group are:
Future Generali India Insurance Futurebazaar.com was launched on 2nd

Company Limited (FGIICL) January, 2007. FBIL has set up the
FGIICL was incorporated on 30th necessary infrastructure and systems
October 2006 to undertake and carry on for its e-Retailing business. During the
the business of general insurance. The year ended 2006-07, FBIL registered
Company has 100% stake in FGIICL as income from operations amounting to
on 30th June, 2007. Rs. 3.90 Crores. Loss incurred during
FGIICL is presently in the process of the period amounts to Rs.17.33 Crores.
identifying various locations for its
branches and expects to commence Future Brands Limited (FBL)
business in second quarter of FY07-08 FBL has been incorporated on 22nd
on receiving the product approval from November, 2006 and is involved in the
the Regulator. business of creating, developing,
managing, acquiring and dealing in all
Future Generali India Life Insurance kind of brands and IPRs (Intellectual
Company Limited (FGILICL) Property Rights). The Company has
FGILICL was incorporated on 30th 100% stake in FBL.
October 2006 to establish and conduct FBL is still in the stage of being fully
the business of life insurance in India operational and started its operations in
which will comprise of whole life the first quarter of FY07-08.
insurance, endowment insurance,
double benefit and multiple benefits Future Knowledge Services Limited
insurance etc. The Company has 100% (FKSL)
stake in FGILICL as on 30th June, 2007. FKSL was incorporated on January 18,
FGILICL expects to commence 2007 and is engaged in the business of
business in second quarter of FY07-08 business process outsourcing and
on receiving the product approval from knowledge process outsourcing. The
the Regulator. Company has 100% stake in FKSL.
FKSL is yet to start its operations.
Futurebazaar India Limited (FBIL)
FBIL is set up as the e-Retailing arm of Home Solutions Services (India)
the Future Group for providing on-line Limited (HSSIL)
shopping experience. The Company has HSSIL was incorporated on January 18,
first acquired stake in FBIL on 17th 2007 to carry on business of complete
August, 2006 and is presently holding solutions provider, home management
99.67% as on 30th June, 2007. services, Society management services,

Administrative and Management SDIL is continuing its business of

Services on contract basis for homes, financing of vehicles.
offices, clubs, complexes, stores etc.
The Company is a 100% subsidiary of Future E-Commerce Infrastructure
Home Solutions Retail (India) Limited, Limited (FECIL)
which is subsidiary of the Company. FECIL was incorporated on May 25,
HSSIL is still in the stage of being fully 2007 and is involved in the business of
operational. dealing in all kinds of goods and
products (including services) through
Home Lighting India Limited (HLIL) electronic mode. The Company has
HLIL was incorporated on January 24, 84.99% stake in FECIL.
2007 to offer home lighting products in FECIL is still in the stage of being fully
organized retail sector which include operational.
designer ambience and mood lighting.
Home Solutions Retail (India) Limited Future Mobiles and Accessories
(HSRIL), subsidiary of the Company, Limited (FMAL)
has 51% stake in the HLIL. HLIL is a FMAL was incorporated on June 23,
Joint Venture Company between 2007 and is involved in the business of
HSRIL, Asian Electronics Limited and dealing in all kinds of communication
Idiom Design & Consulting Limited. products.
HLIL is still in the stage of being fully The Company has 100% stake in FMAL.
operational. FMAL is still in the stage of being fully
operational.
Future Hospitality Management
Services Limited (FHMSL) Future Finmart Limited (FFL)
FHMSL was incorporate on March 31, FFL will be providing retail financial
2007 for providing investment advisory services and is a 100% subsidiary of
services. Future Capital Holdings Future Capital Holdings Limited.
Limited, subsidiary of the Company, has FFL has started rolling out financial
100% stake in FHMSL. supermarket “Future Money”.
FHMSL is still in the stage of being fully
operational. Home Solutions Retail (India) Limited
(HSRIL)
Sivagami Finance & Investments HSRIL was incorporated to offer
Limited (SDIL) solutions in home retailing. The
SDIL is a Chennai based NBFC company offers everything and anything
engaged in financing of vehicles & consumer need to make a home. The
equipments. Future Capital Holdings key product categories are Consumer
Limited, subsidiary of the Company, has Durable & Electronics (CDE), Furniture,
100% stake in SDIL. Home furnishing & decor, Home

improvement and Home services. CCIL (formerly known as Convergem

HSRIL operates retail format Collection- Retail (India) Limited) was incorporated
i, Furniture Bazaar, Electronics Bazaar, to set up a chain of retail outlets for
Home Town and e-zone. The Company dealing in areas of communication, data
has 73.32% stake in HSRIL. & voice storage and other related
During FY06-07, HSRIL registered products. The Company has 100%
income amounting to Rs.323.14 Crores. stake in CCIL.
Loss incurred during the period amounts During FY06-07, CCIL registered
to Rs.40.89 Crores. income amounting to Rs.0.52 Crores.
Loss incurred during the period amounts
Pantaloon Food Product (India) to Rs.0.10 Crores.
Limited (PFPIL)
PFPIL was incorporated with the object Foot-Mart Retail India Limited
of sourcing and backward integration of (FMRIL)
food business of the Company. PFPIL FMRIL) is 51% subsidiary company
has sourcing and distribution bases at operating in Footwear retail space.
all key cities across the country. The Liberty Shoes Limited, a leading
Company has 100% stake in PFPIL. footwear manufacturing and distribution
During FY06-07, PFPIL registered company holds other 49% stake in
income amounting to Rs.147.80 Crores FMRIL. FMRIL operates footwear retail
and profit after tax stood at Rs.0.44 format Shoe Factory and Pairs.
Crores. During FY06-07, FMRIL registered
income amounting to Rs.12.63 Crores.
Pan India Restaurants Limited (PIRL) Loss incurred during the period amounts
PIRL is in the business of quick service to Rs.9.81 Crores.
restaurants and food courts. PIRL
operates food on go retail format Future Logistic Solutions Limited
Chamosa. The Company has 98.46% (FLSL)
stake in PIRL. FLSL has been incorporated as a
PIRL has registered net profit of Rs.0.05 separate entity and is involved in the
Crores on the turnover of Rs.3.55 business of providing logistics,
Crores in FY06-07. transportation and warehousing
As per scheme of amalgamation services. The Company has 100% stake
approved by Bombay High Court, this in FLSL.
Company has merged with Galaxy During FY06-07, FLSL registered
Entertainment Corporation Limited. income amounting to Rs.3.73 Crores.
Loss incurred during the period amounts
Convergem Communication (India) to Rs.1.95 Crores.
Limited (CCIL)

Future Media (India) Limited (FMIL) Loss incurred during the period amounts
FMIL was incorporated as the Group‟s to Rs.0.35 Crores.
media venture, aimed at creation of Ambit Investment Advisory Company
media properties in the ambience of Limited (AIACL)
consumption and thus offers active AIACL is a 100% subsidiary of FCH.
engagement to brands and consumers. During FY06-07, the company has
FMIL offers engagement through its earned profit of Rs.0.35 Crores
media properties like Visual Spaces,
Print, Radio, Television and Activation. Indivision Investment Advisors
The Company has 100% stake in FMIL. Limited (IIAL)
During FY06-07, FMIL registered IIAL act as domestic advisor to
income amounting to Rs.4.09 Crores. Mauritius based advisor of Indivision
Loss incurred during the period amounts India Partners LLC, Mauritius. FCH has
to Rs.4.11 Crores. 100% stake in IIAL.
During FY06-07, IIAL registered income
Future Capital Holdings Limited(FCH) amounting to Rs.14.91 Crores and profit
FCH was formed to manage the after tax stood at Rs.4.19 Crores.
financial services business of the Future
Group. FCH is a capital holding Myra Mall Management Company
company and manages the asset Limited (MMMCL)
management business. The Company MMMCL is engaged in the business of
has 78.25% stake in FCH. acquisition and leasing of commercial
During FY06-07, FCH registered income properties. FCH has 100% stake in
amounting to Rs.9.27 Crores and profit MMMCL.
after tax stood at Rs.0.16 Crores. During FY06-07, MMMCL registered
income of Rs.2.61 Crores. Loss incurred
The following are the subsidiaries of during the period amounts to Rs.1.29
FCH: Crores.
Kshitij Investment Advisory
Company Limited (KIACL) CIG Infrastructure Private Limited
KIACL is engaged in investment (CIPL)
advisory activity. KIACL is the manager CIPL was incorporated to deal in the
to the Rs.350 Crores Kshitij Venture business of real estate promotion and
Capital Fund and Investment Advisor for development. The Company is holding
$90 Million Horizon Development 51% stake in CIPL.
Management LLC, Mauritius. FCH has CIPL is Special Purpose Vehicle (SPV)
92% stake in KIACL. for development of real estate at Noida
During FY06-07, KIACL registered (U.P.).
income amounting to Rs.15.20 Crores.

Joint Ventures
Name Description Country of % Interest
of Incorporation As on
Interest 30.06.07
Alpha Future Airport Retail Private Limited Equity India 50.00%
Asian Retail Lighting Limited (50% Joint Equity India 36.66%
Venture of Home Solutions Retail (India)
Limited)
Kshitij CapitaLand Mall Management Equity India 39.13%
Company Private Limited (Formerly
known as Satyam Mall Management
Company Private Limited) (50% Joint
Venture of Future Capital Holdings
Limited)
Talwalkars Pantaloon Fitness Private Equity India 50.00%
Limited
Staples Future Office Products Private Equity India 37.50%
Limited
Planet Retail Holdings Private Limited Equity India 49.00%
Pan India Food Solutions Private Limited Equity India 50.00%
Gupta Infrastructure (India) Private Equity India 19.38%
Limited
The company has joint ventures with the following organizations. The profit and loss
statements for the same are also provided.
Staples Future Office Products Loss incurred during the period amounts
Private Limited (SFOPPL) to Rs.0.31 Crores.
SFOPPL was incorporated on January
9, 2007 and is involved in the business Alpha Future Airport Retail Private
of dealing in all kinds of office supplies, Limited (AFARPL)
office equipments and products. AFARPL was incorporated on
SFOPPL is a joint venture between the November 17, 2006 and is involved in
Company and Staples Asia Investment the business of retailing of all
Limited (a subsidiary of Staples Inc consumable products, foods and
USA). beverages at airport terminals world-
During FY06-07, SFOPPL registered wide. AFARPL is a 50:50 joint venture
income amounting to Rs.1.72 Crores. company between Alpha Airport Retail

Holdings Private Limited and the Pan India Food Solutions Private
Company. Limited (PIFSPL)
AFARPL is still in the stage of being fully PIFSPL was incorporated on May 1,
operational. 2006 and is involved in the business of
restaurants and Food Courts. PIFSPL is
Gupta Infrastructure (India) Private a 50:50 joint venture between the
Limited (GIIPL) Company and Blue Foods Private
GIIPL has been floated as a joint Limited.
venture with Gupta Coal India Limited, During FY06-07, the company
and Cineline Entertainment India Private registered income from operations
Limited and is involved in the business amounting to Rs.18.85 Crores. Loss
of development of infrastructure incurred during the period amounts to
facilities. The Company has 19.38% Rs.11.85 Crores.
stake in GIIPL.
This is Special Purpose Vehicle to Talwalkars Pantaloon Fitness Private
development of a retail mall at Raipur, Limited (TPFPL)
Chatisgarh. TPFPL was incorporated on December
19, 2006 and is involved in the business
Planet Retail Holdings Private of setting up gymnasiums and dealing in
Limited (PRHPL) fitness equipments and other health
PRHPL was incorporated to carry out products. TPFPL is a 50:50 joint venture
retail sale and wholesale business of between the Company and Talwalkars
fashion, sports and lifestyle products. Better Value Fitness Private Limited.
PRHPL operates a chain of sportswear TPFPL is still in the stage of being fully
goods and have license of international operational.
brands. The Company has 49 % stake
in PRHPL. Joint Venture with Axiom Telecom
During the year ended 2006-2007, LLC, UAE
PRHPL registered income amounting to The Company has entered into a 50:50
Rs. 88.93 Crores. Loss incurred during joint venture with Axiom Telecom LLC,
the period amounts to Rs.7.62 Crores. UAE on July 20, 2007 to do sourcing
Supreme Tradelinks Private Limited and wholesale distribution of mobile
(100% Subsidiary) has achieved a handsets, accessories and setting up
turnover of Rs.58.63 Crores and has service centres and authorized after
registered the profit of Rs.2.21 Crores. sales service centers for mobile
handsets in India.

Product offering across various Future

Group brands
1. Food Products
2. Apparels
 Men’s wear
Killer, Levis, Killer, Spykar, Provogue, Dockers, Louis Philippe,
Van Husen, UMM, Wills lifestyle, Arrow, Parx, Alloy Solly, Colourplus, Lee,
Wranglar, Bare, Stori, Spykar, Provogue, Dockers, Pepe, Tommy Hilfiger,
Tantra
 Sports wear
Nike, Adidas, Reebok, Puma, Slazenger, Wilson, Dunlop
 Jeans wear
Killer, Levis, Lee, Miss Lee, Spykar, Wrangler, Pepe
Women wear
UMM, W, Wills lifestyle, Provogue, Dockers, Alloy Solly, Colourplus, Envy,
Honey, Miss Player
Kids wear
ZAPP, Lilliput, Ginni and Johnny
Designer labels
Ritu Kumar, Remanika, Anmol Kakkad, BIBA, Sukritti, Trishaa, Zola,
Kashish, Aseesa, Desai
3. Fashion accessories
 Sunglasses
 Watches
 Mobile phones
 Handbags
 Footwear

4. Cosmetics/Perfumes
Loreal, Maybelline, Revlon, Chambor, Lakme, Nike, Burberry, Marks & Spencer,
Britney Spears, Chanel, Kenzo, Elizabeth Arden, Azarro, Blue Lagoon, Ferrari,
Christian Dior, Pierre Cardin
5. Luggage
6. STAPLES (Stationary)
7. Footwear
8. Gifts
9. Home Linen
10. Home Décor and Light
11. Electronics
12. Furniture
13. Café
14. Toys / Nursery furniture
15. RADIO CENTRAL (Future Media initiative)
16. D J CENTRAL (Future Media initiative)
17. BEAUTY CENTRAL
18. WiFi CENTRAL
19. FLOWER CENTRAL (Florist)

Price Range of various products

Category Price
Food Bazaar 1 – 895
Furniture Bazaar 249 – 50,000
Mobile Bazaar 1299 – 28,999
Shoe Factory 49 – 3,999
Denims 999 – 4,999
T- Shirt 299 – 1,499
Shirt 699 – 2,999
Men‟s Accessories 99 – 1,499
Women‟s Accessories 10 – 3,499
Jewellery 69 – 30,000
Watches 399 – 35,000
Perfumes 99 – 5,500
Kids wear
 Boys 199 – 799

 Girls 249 – 1,199
Toys 49 – 5,500
Candle 40 – 300
Bed Linen 599 – 1,499
Vases 259 – 2,295
Decorative Frames 395 – 4,495
Lamp Shades 299 – 4,995

Financial Overview
Pantaloon Retail to declare FY 2008 results on Sep 20, 2008
Pantaloon Retail India Ltd has announced that a meeting of the Board of
Directors of the Company will be held on September 20, 2008, inter alia, to
consider and approve the audited financial results for the last quarter and
year ended June 30, 2008.
To consider and approve the audited Profit & Loss Account for the financial
year ended on June 30, 2008 and the Balance Sheet as at that date.
To consider and approve the consolidated Profit & Loss Account for the
financial year ended June 30, 2008 and consolidated Balance Sheet as at
that date.
To consider and recommend Dividend.
To consider and fix the Book Closure Dates for the purpose of dividend to be
declared in the ensuing Annual General Meeting.
(Source: Equity Bulls)
NOTE: Refer to Annexure 1 for the Audited Balance Sheet for Financial Year 2006 - 2007

Ratios
Finanacial Performance Jun-03 Jun-04 Jun-05 Jun-06 Jun-07
Cost of goods sold / Net Sales 68.23% 66.54% 66.52% 66.53% 68.26%
Manpower costs / Total Income 4.29% 4.17% 4.80% 5.99% 6.19%
Advertising and selling cost /
2.65% 2.84% 3.08% 2.72% 2.80%
Total Income
Interest/Total Income 3.97% 3.64% 2.60% 1.97% 2.70%
PBDIT/Interest (Debt Service
2.16 2.39 3.42 4.05 3.43
Ratio)
Profitability Jun-03 Jun-04 Jun-05 Jun-06 Jun-07

PBDIT/Total Income 8.57% 8.66% 8.89% 7.99% 9.24%
PBDT/Total Income 4.60% 5.03% 6.29% 6.02% 6.54%
Net Profit/Total Income 2.56% 3.00% 3.65% 3.43% 3.60%
RONW (Average Networth) 18.92% 24.47% 24.42% 17.15% 14.82%
ROCE (Average Capital 20.31% 21.03% 22.41% 18.30% 17.48%
employed)
Balance Sheet Jun-03 Jun-04 Jun-05 Jun-06 Jun-07

Debt-equity ratio 1.53 1.29 0.89 0.50 0.79
Debtors turnover(days) 18 10 4 3 7
Inventory turnover(days) 93 9 86 94 98 99
Current Ratio 1.51 1.65 1.73 1.44 2.19
Quick Ratio 0.48 0.52 0.55 0.58 1.08
Asset turnover 2.07 1.96 2.03 1.62 1.96
Key Finacial Parameters Jun-03 Jun-04 Jun-05 Jun-06 Jun-07

(Rs in Crores)
Total Revenue 445.62 659.64 1,055.85 1,871.9 3,328.7
Profit before Interest Tax and 38.18 57.14 93.91 149.64 307.62
Depreciation
Profit after Tax 11.41 19.78 38.55 64.16 119.99
Cash Profit 18.89 31.68 58.90 99.85 184.78
Per share data Jun-03 Jun-04 Jun-05 Jun-06 Jun-07

Basic Earnings (less 1.13 1.84 3.31 5.06 8.71
extraordinary income)
Basic Cash Earnings (Rs.) 1.76 2.66 4.45 6.70 11.39
Dividend (Rs.) 0.20 0.30 0.50 0.50 0.50
Book value (Rs.) 7.39 9.87 20.12 39.20 74.42
(Source: Pantaloon Retail)

Growth in Total Income (in Rs. Crores) Earnings per Share (Rs.)
Growth in Profit after Tax (in Rs. Crores) ROCE (%)
Growth in PBDIT (in Rs. Crores) Debt- Service Ratio (X)
Limitations in Analysis
All analysis for this research is based on financial results for FY 2006 – 2007. Results for FY 2007 – 2008
th
were announced only on September 20 , 2008, hence unavailable for analysis. Primary research on
Product offering and Price Points was restricted by various Future Group stores established near
Kharghar.

Bibliography
The following sources have been used to compile data for this report:
“It happened in India” by Biyani; Kishore

www.wikipedia.com/pantaloonretailindia
www.equitybulls.com
www.futurebazaar.com
www.iloveindia.com/economy-of-india/top-50-companies/pantaloon-retail
www.futuregroup.in/our_companies.asp
www.pantaloon.com
www.fiber2fashion.com
www.google.com/pantaloons
www.sebi.gov.in

Annexure 1

Fashion Retail Management - Future Group - Print

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Arnav Paitandy | MFM, Sem 1, 2008; 06

Kanika Jain | MFM, Sem 1, 2008; 12

Swati Saini | MFM, Sem 1, 2008; 32

Achievements 4 Future Logistics 24

Food Bazaar 8 Joint Ventures 35

MFM, Semester 1, September 2008 2

Pantaloon Retail (India)

MFM, Semester 1, September 2008 3

Major Achievements of Pantaloon Retail

Presence of Future Group – Pan India

MFM, Semester 1, September 2008 4

MFM, Semester 1, September 2008 5

MFM, Semester 1, September 2008 6

MFM, Semester 1, September 2008 7

MFM, Semester 1, September 2008 8

MFM, Semester 1, September 2008 9

futurebazaar.com the company‟s online internet access. Some product

MFM, Semester 1, September 2008 10

Footmart Retail (India) Ltd is the joint

MFM, Semester 1, September 2008 11

Home Solutions Retail (India) Limited, a comprising 4 independent outlets and

MFM, Semester 1, September 2008 12

The company‟s private labels in the

MFM, Semester 1, September 2008 13

MFM, Semester 1, September 2008 14

According to the TRAI, the mobile points are designed to be distinct in

MFM, Semester 1, September 2008 15

Future capital holdings

Consumption and capital are two sides considerable in-house investment

MFM, Semester 1, September 2008 16

MFM, Semester 1, September 2008 17

MFM, Semester 1, September 2008 18

MFM, Semester 1, September 2008 19

MFM, Semester 1, September 2008 20

Leisure & entertainment

MFM, Semester 1, September 2008 21

MFM, Semester 1, September 2008 22

MFM, Semester 1, September 2008 23

Future Logistics Solutions Limited contracted from established regional

MFM, Semester 1, September 2008 24

MFM, Semester 1, September 2008 25

Futurebrands, a subsidiary company, getting the same depth of understanding

MFM, Semester 1, September 2008 26

Futurebrands aims to be the licensor of degree communication. In the long term,

MFM, Semester 1, September 2008 27

MFM, Semester 1, September 2008 28

Associate Companies / Firm

2. Indus League Clothing limited;

3. KB Mall management Company limited;

4. PFH Entertainment Limited;

5. Manz Retail Private Limited;

6. Idiom Design & Consulting Limited;

7. Nishta Mall Management Company Private Limited;

8. Niyaman Mall Management Company Private Limited;

9. Acute Realty private Limited;

10. Dhruv Synthetics Pvt. Ltd.;

11. Anchor Malls Private Limited;

12. Varnish Trading Private Limited;

13. Bartraya Mall Management Company Private Limited;

14. Unique Malls Private Limited;

15. BLB Mall Management Company Private Limited;

16. ESES Commercials Private Limited;