Home / Knowledge / News / Apparel/Garments / Future Lifestyle Fashion Q3 net at Rs 93 cr
Future Lifestyle Fashion Q3 net at Rs 93 cr
05
Feb '14
Kishore Biyani- led Future Lifestyle Fashion, the demerged entity of Future Retail and Future Ventures reported healthy profit and sales numbers for the third quarter of the financial year ending March 31, 2014.
 
Future Lifestyle Fashion, which is an integrated fashion company with presence across key segments within the fashion industry including design to distribution, witnessed a net profit of Rs 93.39 crore last quarter amid robust sales numbers.
 
The company, which did not have operations in Q3 FY 2012-13, had reported a net profit of Rs 108.9 crore in the July-September 2013 quarter.
 
The company, which sells brands such as Indigo Nation, Jealous 21, Manchester United, Scullers and Urban Yoga, posted net revenue of Rs 658.62 crore in the third quarter ended December 31, 2013.
 
The healthy sales performance posted by the company comes against the backdrop of a subdued economic environment as high interest rates; elevated inflationary pressures which are pinching the pockets of Indian consumers, leaving less room for spending.
 
Total expenses of the company stood at Rs 636 crore in Q3 FY 2013-14 while finance costs were Rs 41.73 crore in the quarter.
 
Future Lifestyle Fashion’s brand portfolio offers formal menswear, casual wear, active or sportswear, women’s ethnic wear, women’s denim wear, women’s casual wear, footwear and accessories.
 
Through its chain of flagship retail format, Central, Brand Factory, Planet Sports and exclusive brand outlets, the company has established a pan-India presence in the India apparels industry.
 
According to media reports, the company is eying acquisitions in Northern and Southern India to boost its product portfolio and penetrate into newer markets.
 

Fibre2fashion News Desk - India

Must ReadView All

Fashion | On 28th Jul 2016

Gildan acquires Peds for $55 million

Montreal-based family apparel marketer Gildan Activewear Inc....

Information Technology | On 28th Jul 2016

E-com can generate 12 mn jobs in India

E-commerce has the potential to add 12 million of the 80 million new...

Textiles | On 28th Jul 2016

Odisha wants SPV rule for textile parks relaxed

The one third textile entrepreneur stipulation in forming SPVs or...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Pranav Mishra
Huemn

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
June 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search