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

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

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

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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