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British retailer Marks & Spencer (M&S) today reported 35 per cent rise in India sales in the half year period ended September 2014, helped by strong performance across segments.
Commenting on the results, Marks & Spencer Reliance India Managing Director Venu Nair said: “India is a priority market for Marks & Spencer...We continued to see a good performance in India with sales increasing by 35 per cent on a constant currency basis.”
During the half year period ended September, 2014, M&S’s menswear sales were up 46 per cent over same period last year.
During the half year period ended September, 2014, M&S’ lingerie and beauty sales increased by 30 per cent compared to sales in the previous year, the company said.
In May, M&S opened its first standalone lingerie and beauty store in Mumbai.
“The move capitalises on the growth opportunities in the lingerie and beauty in the Indian market,” the company added.
In India, the company operates its stores in a joint venture partnership with Reliance Retail.
M&S today reported 1 per cent increase in group sales and 1.2 per cent increase in international sales in the half year period ended September 2014.
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