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

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Eric Scholler
Groz-Beckert

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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