Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Pantaloon hikes branded apparel prices by 18%
BackBack

Pantaloon hikes branded apparel prices by 18%

Pantaloon hikes branded apparel prices by 18%

Premium

Mumbai: India’s top-listed retailer Pantaloon Retail, part of Future Group, has hiked prices of its branded apparel by 18% from this month, its managing director said.

“We have hiked the prices on the new stock that has come in in the stores that will be available from March. The 10% excise hike announced will be additional, that will affect volume growth and demand," Kishore Biyani, who is also the group chief executive, told reporters.

Union budget for fiscal 2011-12 proposed a mandatory levy of 10% on branded apparel.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 10 Mar 2011, 01:44 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie