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.
"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.