Home / Knowledge / News / Apparel/Garments / Future Retail reports 24.8% hike in Q3FY16 sales
Future Retail reports 24.8% hike in Q3FY16 sales
16
Feb '16
Kishore Biyani led Future Retail reported a 24.85 year over year steep rise in net sales for the third fiscal quarter ended December 31, 2015.

In a BSE filing, the retailer said its net sales totaled Rs 3,266.32 crore in the third quarter of fiscal 2016, compared to Rs 2,276.3 crore in the fiscal ago period, up 24.86 per cent.

Meanwhile, on back of higher sales, its standalone net profit nearly trebled over the prior fiscal's second quarter to Rs 14.68 crore for the three months to December 31, 2016.

For the October to December 2014 period, Future Retail had posted a net profit of Rs 5.32 crore.

However, overall expenses during the reporting quarter too surged 28.43 per cent to Rs 3,177.89 crore as against Rs 2,474.36 crore in the comparable period of the earlier fiscal. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search