Comments
Footwear major Liberty Shoes has reported a 20 per cent rise in net profit at Rs 2.59 crore for the quarter ended June 30, 2013 compared with Rs 2.14 crore in the same period a year ago.
Gross sales for the June quarter stood at Rs 107.74 crore, registering a 35.8 per cent rise, against Rs 79.34 crore in the same period a year ago.
Adesh Gupta, CEO, Liberty Shoes, said that the company will focus on expanding into Tier-II cities with its new product lines.
The company said that it has opened 25 new stores during the current year. Liberty has 400 exclusive showrooms and over 6,000 multi-brand outlets across India. These stores are spread across metros, Tier-I and Tier-II cities.
The company manufactures 50,000 pairs of footwear in a day.
To cater to the need of the fashion-driven and quality-seeking customers in overseas market, Liberty Shoes is also exploring options for setting up overseas trading/representative offices. Currently, it supplies shoes to over 25 countries.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.