Home / Knowledge / News / Apparel/Garments / Future Retail eyes Rs 130bn turnover next fiscal
Future Retail eyes Rs 130bn turnover next fiscal
07
Jan '14
Future Retail Limited, India’s leading multi-format retailer, is eyeing a turnover of Rs. 130 billion in the financial year 2014-15, Mr. Kishore Biyani, chairman and managing director of the company, has said.
 
Talking to reporters on the sidelines of a store launch in Kolkata, Mr. Biyani said the company is expecting around 10 percent growth in revenue in the ongoing financial year 2013-14, and the total turnover is likely to touch Rs. 110 billion. This will increase to Rs. 130 billion in 2014-15, he added.
 
Future Retail, the flagship company of Future Group, currently has 165 Big Bazaar stores that together boast of more than nine million sq ft of retail space.
 
The company is planning to open 35 new Big Bazaar stores across India over the next 18 months, which would add another one million sq ft of retail space under its umbrella.
 
Future Group’s retail formats connect over 300 million customers to over 30,000 small, medium and large enterprises that supply products and services to its retail chains.
 
For the quarter ending September 2013, Future Retail posted a total income of Rs. 19.54 billion, compared to Rs. 18.35 billion for quarter ended September 2012, marking a growth of 6.5 percent. The company posted an EBIDTA of Rs. 1.73 billion for quarter ended September 2013, compared to Rs. 1.45 billion, marking a growth of 19.1 percent.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Gujarat hopes extended textile policy to attract Rs 5000 cr

The Gujarat government feels that its recent decision to extend its...

Apparel/Garments | On 26th Sep 2017

Cash burn by e-tailers in India may double during festivals

During this year’s festival season, which has already started,...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Neel Sawhney
One Friday

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

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Bani Batra

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

September 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
75.0%
No
12.5%
Skip
12.5%

Total Votes: 48

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
62.5%
No
25.0%
Skip
12.5%

Total Votes: 48

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
87.5%
No
6.3%
Skip
6.3%

Total Votes: 48

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
70.8%
No
10.4%
Skip
18.8%

Total Votes: 48


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