Kathmandu: Salways Cash and Carry Pvt. Ltd., the parent organization behind the prominent Salesberry Department Store and Salesberry Express chains, recorded a turnover of 1.845 billion rupees during the first nine months of the current fiscal year.
This figure marks a significant period for the company, which saw a turnover of 2.96 billion rupees in 2025 and a peak of 3.186 billion rupees in 2024. Prior to this recent trend, the company had demonstrated consistent growth, earning 2.819 billion rupees in 2023 and 2.248 billion rupees in 2022.
The company currently manages a substantial network of 35 department stores, with its operations primarily focused in the major urban hubs of Kathmandu, Lalitpur, and Pokhara. Despite its extensive physical footprint, the retailer is grappling with a notable contraction in its business volume. Following a 7 percent drop in revenue during the previous fiscal year, the downturn has deepened, with the company reporting a 17 percent decrease in turnover during the first nine months of the current fiscal cycle.
Tracing its roots back to 1993, the company opened its inaugural outlet in Pokhara under the brand “Salways Departmental Store.” It later underwent a corporate restructuring and was renamed Salways Cash and Carry Pvt. Ltd. in 2014 to better reflect its evolving business model. The company’s ownership structure is closely held, with Sushil Man Pradhanang maintaining a majority stake of 51 percent and Srijana Shrestha holding the remaining 49 percent.
In a move to manage its financial obligations and potential expansions, the company recently underwent a credit rating process for a total loan amount of 2.625 billion rupees. This financial assessment covers 1.665 billion rupees in long-term borrowing and 960 million rupees in short-term credit facilities. These figures highlight the company’s significant reliance on credit as it navigates a challenging economic environment while seeking to maintain its position in Nepal’s competitive retail sector.
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