Home / Knowledge / News / Apparel/Garments / Future Group Q3 FY'13 sales grow 6.5%
Future Group Q3 FY'13 sales grow 6.5%
01
Nov '13
Future group announces results for the third quarter of FY'13.

The company’s standalone business, posted a total income from operation of Rs 362 crore and EBIDTA of Rs 38 crore. The standalone business primarily includes its home and consumer durables retailing business.

The financial numbers are not comparable with September 2012 quarter due to the demergers of its lifestyle fashion businesses that included Central, Brand Factory, Pantaloons, among others.

The company’s largest subsidiary, Future Value Retail Limited (FVRL) operates Big Bazaar and Food Bazaar chains. FVRL’s posted a total income of Rs 1,954 crore for quarter ended September 2013, compared to Rs 1,835 crore for quarter ended September 2012, marking a growth of 6.5%. The company posted an EBIDTA of Rs173 crore for quarter ended September 2013, compared to Rs145 crore, marking a growth of 19.1%.

The company’s continued focus on improving efficiencies and productivity at stores and its merchandise mix helped gross margins improve from 25.1% to 25.7% year-on-year and EBIDTA margins improving from 7.9% to 8.9% year-on-year.

The company’s core retail business that includes all its retail business posted a turnover of Rs 2,317 crore and an EBIDTA of Rs 211 crore. The company is in the process of merging its wholly-owned subsidiary FVRL with itself and regulatory approval is pending on this process.

Same Store Sales Growth

The Same Store Sales Growth for FVRL, which operates Big Bazaar is 8%, while that for its standalone business, which includes its home and consumer durables chains Home Town and eZone is 7.4%.

Store Additions

During the quarter, Big Bazaar added its 12th Kolkata store and 11th store Mumbai store; strengthening its position in these cities. It also established its presence in Agartala and Kochi by adding its first Big Bazaar store in each of these cities.

During the quarter the company also opened eZone stores in Bengaluru, Ahmedabad, Mumbai and Mysore. The company also added HomeTown Express stores in Hyderabad and Lucknow.

The total gross addition during the quarter was 0.26 million sq feet space and total operational area increased from 10.27 million sq ft in the previous quarter to 10.34 million sq ft space.

Future Group


Must ReadView All

India's garment exports up 24.93% in September 2017

Textiles | On 16th Oct 2017

India's garment exports up 24.93% in September 2017

The exports of readymade garments from India in September 2017 was...

Low GST rate on zari will generate jobs for women: SRTEPC

Textiles | On 16th Oct 2017

Low GST rate on zari will generate jobs for women: SRTEPC

There will be a rise in the employment for women with the slash in...

Consumers may suffer if no assurance to EU workers in UK

Apparel/Garments | On 16th Oct 2017

Consumers may suffer if no assurance to EU workers in UK

Consumers may suffer if the British Government does not quickly offer ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Top executives
Textile industry, India

The event should be organised every year

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

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...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search