India’s retail chain industry has been governed by few biggies like Reliance, FBB, Aditya Birla, Shopper stop, Biyani Future Retail etc. These companies are not only famous in Indian market but also they are globally acclaimed brands we are talking about. But these companies have to agree on the same note that their entire selling profit falls dawdling before country’s defense canteen food chain stores. Army canteens are the best profitable food chain business in country presently. For the fiscal year 2014-15, the Canteen Stores Dept. (CSD) being a non-profit-organization gained a profit of Rs 236 cr. Let’s see against this profit count how the leading retain companies performed in the same accounting year-
1. Avenue Super Mart (D’Mart stores) – 211 cr.
2. Future Group- 153 cr.
3. Reliance retail- 159 cr.
Thus it is clearly visible that CSD is way ahead in terms of business return and it’s a crucial channel too. India’s leading retail companies should step in this business for its further prosperity. On the sales front too CSD was unparallel with 13,709 cr. marginally ahead of FBB and Reliance. CSD outlets consist of 3901 units and 600 suppliers for delivering products like- food items, toiletries, cosmetics, household goods, footwear and accessories, liquor, electronic goods, liquor and vehicles. Being a non-profit-organization these canteen stores draw huge revenue every year as the Govt. relinquishes nominal amount of tax. Out of the entire sales, liquor contributes 26%, toiletries 23%, white goods and automobiles put in 20% revenue.
Now the two obvious questions are how far this canteen business will continue earning stable profit numbers for the coming days? Will they be able to maintain the profit volume? At the same point we can’t neglect growing popularity of e-commerce business and offered massive discount rates on several products. The report says that there used to be a huge army canteen demand in the markets of Punjab, Uttar Pradesh, Bihar and Jharkhand which has been progressively gobbled by e-commerce and retailers in the recent past.
Source LNN- (Liyans News Network)
Visit Liyans property portal to Buy commercial property in Kolkata .
1. Avenue Super Mart (D’Mart stores) – 211 cr.
2. Future Group- 153 cr.
3. Reliance retail- 159 cr.
Thus it is clearly visible that CSD is way ahead in terms of business return and it’s a crucial channel too. India’s leading retail companies should step in this business for its further prosperity. On the sales front too CSD was unparallel with 13,709 cr. marginally ahead of FBB and Reliance. CSD outlets consist of 3901 units and 600 suppliers for delivering products like- food items, toiletries, cosmetics, household goods, footwear and accessories, liquor, electronic goods, liquor and vehicles. Being a non-profit-organization these canteen stores draw huge revenue every year as the Govt. relinquishes nominal amount of tax. Out of the entire sales, liquor contributes 26%, toiletries 23%, white goods and automobiles put in 20% revenue.
Now the two obvious questions are how far this canteen business will continue earning stable profit numbers for the coming days? Will they be able to maintain the profit volume? At the same point we can’t neglect growing popularity of e-commerce business and offered massive discount rates on several products. The report says that there used to be a huge army canteen demand in the markets of Punjab, Uttar Pradesh, Bihar and Jharkhand which has been progressively gobbled by e-commerce and retailers in the recent past.
Source LNN- (Liyans News Network)
Visit Liyans property portal to Buy commercial property in Kolkata .