ABRL to invest Rs 200 cr for retail chain expansion

Aditya Birla Retail Ltd (ABRL), a retail arm of Aditya Birla Group, is planning to open 10 new hypermarkets and 150 new supermarkets at select locations across the country by March 2012.

An investment for opening these new hypermarkets and supermarkets is estimated at around Rs 200 crores.

The company has set the sales turnover target of Rs 2,400 crore for the current FY 2011-12.

Presently, the company has 10 hypermarkets and 565 supermarkets spread across 140 cities in 12 states in the country, with a total retail space of 2 million sq ft.

The company’s hypermarkets are located at Mysore, Vadodara, Aurangabad, Indore, Bangalore, Hyderabad, Vashi and Thane.

 

The company will open its 11th hypermarket in Nashik city on Saturday (16th July 2011).

"As part of our expansion plans, we are opening another 10 new hypermarkets and 150 supermarkets at select locations across the country by March 2012. An investment in each hypermarket and each supermarket will be around Rs 18 crore and Rs 14 lakh, respectively. We have identified some cities for our proposed Hypermarkets, which include Bangalore, Hyderabad, Delhi and Coimbatore," said Thomas Varghese, CEO, ADBRL.

"We are also focusing on increasing presence of our private label brands. At present, our private label brands contribute 19 per cent of our total business," he said.

In the financial year of 2010-11, the company achieved a sales turnover of Rs 1,630 crores and is eyeing a Rs 2,400 crore sales turnover in the current FY 2011-12.