The operator of Crossword, Mothercare, M.A.C. and HyperCity stores  said that its sales for the last quarter rose to $101 million, an increase of 20 percent. Same-store sales, a measure of growth based on sales in stores that have been open for at least a year, were up 22 percent according to Govind Shrikhande, managing director, Shoppers Stop which is part of the K Raheja group of companies.

Rising retail sales in India are cause for optimism for foreign retailers as well as foreign CPG companies, both categories looking to expand their presence in India.