Archies posts 22% hike in Net Sales in Q1FY11

• The company registered Net Sales at Rs 3,471.03 lacs
• PAT stands at Rs 96.60 lacs, up by 10%

India's largest retail company in greetings and gifting segment, Archies Limited reported its Total Income at Rs 3,471.03 for the quarter ending June 30, 2010; up by 22% from Rs 2,829.39 lacs in the previous year.

While the Net Sales for the first quarter of the current fiscal year was Rs 3,450.60 lacs as against Rs 2,816.26 lacs, Other Operating Income stood at Rs 20.43 lacs as against Rs 13.13 lacs in the same period last year

The company’s PAT increased by 10% to Rs 96.60 lacs from Rs 87.63 lacs last year.

EPS was registered at Rs 1.43 as against Rs 1.30 in the previous year, a hike of 10%.

Commenting on the result, Mr. Anil Moolchandani, Chairman-cum-Managing Director, Archies Limited said, “We are pleased with our performance in the first quarter of the current financial year. Our retail operations constitute 58% of our total revenues. We aim to double our turnover in the next four years, driven by our retail expansion and we are confident that the company will reap favourable success from it.”

About Archies Limited:
Archies Limited, is the largest retail chain in India in the greeting and gifting segment with 174 stores in 49 cities and 300 + Franchisees. Archies is also Asia’s largest Greeting Card company and exports Greeting Cards to the sub-continent, Russia and Western Europe. Archies is a Superbrand since the inception of the concept in India in 2003-04.

The company has exclusive licensing and marketing agreements with world class brands like American Greetings, Carte Blanche, Fizzy Moon, Russ Berrie, Keel Toys to name a few. In April 2010, Archies launched an integrated manufacturing facility and distribution warehouse spread across over 3 acre in Manesar, Gurgaon.