Archies reports 24% rise in Q1 net profit

Archies has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 has increased by 23.71% at Rs 1.20 crore as compared to Rs 0.97 crore for the corresponding quarter last year. Its total income has grown by 20.14% at Rs 41.70 crore for the quarter under review from Rs 34.71 crore for the same quarter last year.

Archies is India’s top market leader and a Superbrand in the social expression industry with over 60% market share in the organized sector. Archies currently operates 203 exclusive company owned and operated outlets in 15 states 62 cities and 280 franchise outlets across India.