S Kumars Nationwide (SKNL), the Kasliwals owned textile and apparel major, has registered a whopping 39% (Rs. 315 crore) and 29% (Rs. 33 crore) growth in sales and profits respectively in the 3rd quarter ending December, 2006, over corresponding quarter in the previous year.
Nitin S Kasliwal, managing director of SKNL, has ascribed the growth to the company’s aggressive thrusts into ready made apparel, consumer textiles and retailing earlier in the year.
SKNL plans to set up 1,000 exclusive outlets for its umbrella brands in the next three years from the current 90-odd stores across the country.
As reported earlier, SKNL will focus on fashion and accessory retailing and mostly deal with luxury, high-end super brands in the country.