Pantaloon Retail India, a Future Group firm, has reported a 22 per cent rise in the net profit at Rs 36.18 crore for the second quarter ended September 30, 2008, as compared to Rs 29.69 crore in the same period of the previous year.

The company's net sales went up by 39 per cent at Rs 1,511.21 crore in the September quarter as compared to Rs 1,086.44 crore it posted in the corresponding quarter last year.

In the September quarter, the company had opened nearly 18 stores in the country.