Siri Maha Mart Trading Pvt. Ltd hopes to expand its Magna chain of Hypermarkets and supermarkets swiftly, to touch a total retail space of 1.5 lakh sq.ft . by the end of the current fiscal. To achieve this target, the company will be pumping in about Rs.30 crore on opening five Magna outlets in Hyderabad and one in Visakhapatnam, adding to the operational 45,000 sq.ft. outlet in Vijayawada, which opened in August 2005.

While the Hyderabad store will cover a retail space of 10,000 sq.ft, the latter will encompass 20,000 sq.ft. Both stores will replicate the Vijayawada merchandise mix Grocery 40 per cent; Apparel 30-35 per cent; the balance split between Consumer Durables and a five-cuisine Food Court called 'Taste Buds', he said.

The Magna flagship brand that essentially comprises three formats a hypermarket, a supermarket christened 'Foodex' and the 'Taste Buds' food court. While they are components of the hypermarket, we will also be launching stand-alone Foodex and Taste Buds outlets wherever the catchment ensures its viability, Kakkera added.

The operational Vijayawada Magna was set up on a cost of Rs.5 crore and is reported to be raking in Rs.1.5 crore in sales every month.

Apperals - Ladies, Kids, Jents. Consumer Durables - Televesions, C/TVS. Washing Machines, Refregictons & Micros Ownes. FMCG - Restaurant, Chat Counters, Ice Cream Parlour & Bakery, Toys & Gift Articulars, and Watches & Foot Wear.