Steady same-store sales growth and improving margins to help sustain premium valuations
The luxury stores, for instance, will sit at the top and will be located in affluent areas of a city
Same-store sales growth down to 2-7% in Q1, lower than 3-9% reported in Q4
Funds have been used to invest in Vodafone Idea rights issue
The stock up 20% to Rs 169 on the BSE in intra-day trade after the company reported net profit of Rs 60 million in June quarter against net loss of Rs 200 million in year ago quarter.