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The clothing retailer, which runs 40 stores in
the country, said its Indian same-store-sales grew 13 percent in
the fiscal year ended March 2014.
Same-stores-sales is a key performance metric for retailers and
measures sales growth at stores open for more than a year.
Comparative figures from a year earlier were not available.
Three years ago, M&S identified India as a priority market and
Chief Executive Marc Bolland last year said the company planned
to offer more stylish and fashionable clothes to Indians after
years of struggling with brand positioning in the country.
M&S faces tough competition in India from the world's biggest
fashion retailer Inditex SA <ITX.MC> and its Zara brand.
Marks & Spencer operates in India in a joint venture with
Reliance Retail, a unit of billionaire Mukesh Ambani's Reliance
Industries <RELI.NS>.
"Together with our partner Reliance Retail, we are continuing to
invest into accelerating our growth in India as we build a
leadership position in the market," said Venu Nair, Managing
Director of Marks & Spencer Reliance India.
(Reporting by Nandita Bose; Editing by Anupama Dwivedi)
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