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Net sales up 5.38% in FY16 at Future Lifestyle
May '16
Fashion major Future Lifestyle Fashions (FLF) reported rise of 5.38 per cent in net sales in fiscal 2016 to Rs 3,229 crore as compared to Rs 3,064 crore last fiscal, according to a company filing with the BSE.

Net profit reported for the period was Rs 29 crore as compared to Rs 19 crore in fiscal 2015, a rise of 52.63 per cent. Gross profit for the year was Rs 1,255 crore, a rise of 3.29 per cent as compared to Rs 1,215 crore previously.

EBITDA, however, saw a decline of 1.51 per cent to Rs 325 crore in fiscal 2016 as compared to Rs 330 crore in fiscal 2015 at FLF.

Additionally, the board approved a dividend of 20 per cent for the fiscal.

The company expanded geographical presence in 12 new cities during the fiscal, making its current presence to 82 cities. (MCJ)

Fibre2Fashion News Desk - India

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