Garment Mantra Lifestyle Limited opens 11th store at Coimbatore

Garment Mantra Lifestyle Ltd (Erstwhile Junction Fabrics & Apparels Ltd) has announced the opening of another new store for Twenty Twenty Trading LLP "Price Mantra" - which operates unique and niche retail model for mass Indian population.

Company is expanding business through our retail arm 'Price Mantra'; we are now focusing on developing B2C space on a rapid pace. Recently after successfully completion of "Exhibition Cum Sales Model" at Delhi NCR, we have opened one more retail store in Coimbatore; Company is aggressively expanding its footprints towards this space.

Address of the 11th Store is 215/315A, Pollachi Main Road, Near Anandhas Restaurant, opp. to FIMS Hospital, Coimbatore, Tamil Nadu 641024.

Commenting on the opening of Store, Mr. Prem Aggarwal, Chairman & Managing Director, said "We at Garment Mantra are delighted to update our stakeholders about this strategic plan for our worth Retailing arm - Twenty Twenty Trading LLP "Price Mantra. We've already opened 11 stores and that we endeavor to become a Pan India player by opening 13-15 more stores in near future to expand our market reach and fulfilling brand aspiration of each Indian. We've already increased our product basket by adding new products like Electronics, Fashion accessories, Home appliances which will enhance our reach and penetration into a customer's wallet. aside from this, we are performing on other model like Exhibition cum sale across India where customers are going to be ready to get branded products at highly competitive prices, which is that the USP of 'Price Mantra'. With the restructuring of the Group structures, we are confident to derive substantial benefits from the recent acquisitions and marked improved performance going forward."

Shares of GARMENT MANTRA LIFESTYLE LIMITED was last trading in BSE at Rs. 161.5 as compared to the previous close of Rs. 158.15. The total number of shares traded during the day was 10561 in over 142 trades.

The stock hit an intraday high of Rs. 163.5 and intraday low of 155.05. The net turnover during the day was Rs. 1671084.

Source : Equity Bulls

Keywords