Home / Knowledge / News / Apparel/Garments / Future Retail posts PAT of Rs 950mn in 15 months to Mar'14
Future Retail posts PAT of Rs 950mn in 15 months to Mar'14
07
Jun '14
Future Retail Ltd announces annual results for FY 2013-14 Q5 FY14.
 
FY14 Highlights
The company reported standalone income from operations of Rs.11,577 crore and EBITDA margin of 9.2% for the 15 months ending Mar’14.
 
FY14 Same Store Sales Growth for value business that primarily operates Big Bazaar is 6.3%, while that for home and consumer durables chains Home Town and eZone is 2.5%.
 
The standalone business includes Big Bazaar, Food Bazaar, fbb, Home Town and eZone. The financial numbers for Mar’14 are not comparable with Dec’12 due to the demerger of its lifestyle fashion businesses that included Pantaloons, Central, Brand Factory, among others.
 
The consolidated income from operations of Rs.13,897 crore and EBITDA margin of 9.0% for the 15 months ending Mar’14. The company reported PAT of Rs. 95 crore for the 15 months ending Mar’14.
 
Quarter Highlights
The company’s standalone business, reported a total income from operation of Rs. 2,345 crore and witnessed gross margin of 28.4%, an improvement of 170bps sequentially, on account of increased sales in high margin categories like fashion, footwear & home furnishing. The company also reported EBITDA margin of 10.5%, an expansion of around 40bps compared to Dec’13.
 
The Same Store Sales Growth for value business that primarily operates Big Bazaar is 2.2%, while that for home and consumer durables chains Home Town and eZone is 2.1%.
 
The gross addition during the quarter was 0.29 mn sq ft space and total area increased to 10.36 mn sq ft.
 
During the quarter, Big Bazaar established its presence in cities of Bhilai and Mandya in Chattisgarh & Karnataka respectively. Big Bazaar also opened its 13th store in Kolkata strengthening its presence in the city. Big Bazaar further strengthened its position in Mumbai and Hyderabad. fbb opened its 2nd store in Bengaluru. eZone expanded its network largely through cut-in stores in Big Bazaar.
 
Fbb launched its Spring Summer (SS) 14 collection in Mumbai in a high energy flash mob fashion show with the 25 finalists of fbb Femina Miss India 2014. In its quest to make “India thoda aur stylish”, this young and vibrant brand chose this sensational new technique that reflects fbb’s vibe and unveiled the extensive spring summer 2014 line. On cue with the music, they walked around the mall towards the stage in a specially choreographed sequence. This unexpected gathering surprised and excited the customers who whipped out their cameras and furiously started clicking away. The venue came alive as the unique fashion show hit the stage.
 
Click here to view full results.
 

Future Retail Ltd


Must ReadView All

Courtesy: Swedfund

Textiles | On 27th May 2016

Swedfund to pilot new textile factory in Ethiopia

Swedish govt-owned development financier Swedfund and the Bangladeshi ...

Textiles | On 27th May 2016

Egypt signs deal with China to set up textile zone

Egypt and China signed a framework agreement earlier this week on to...

Textiles | On 27th May 2016

CAI pegs cotton output at 341.5 lakh bales this season

The Cotton Association of India (CAI) has projected India’s cotton...

Interviews View All

Vasanth Kumar
Max Fashion India

What is the size of the apparel retail segment? How would you describe the ...

Nuno Venda
ROQ

What are the key trends and innovations in textile printing? From which...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

What is the influence of foreign trends and designs on Indian fashion?

Johan Berlin
InvestKonsult Sweden AB

<i><b>Investkonsult Sweden AB has been buying and selling second-hand...

Ashok Desai
Bombay Textile Research Association

<b><i>Bombay Textile Research Association (BTRA) is a leading name in...

Silke Brand-Kirsch
Schlegel und Partner

<b><i>Silke Brand-Kirsch, executive partner of Schlegel und Partner, a...

Ritu Kumar
Label Ritu Kumar

"There are a lot of people wearing western clothes in India as well. But...

Robert Brunner
Devereux

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

Mike Hoffman
Gildan Activewear SRL

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

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
May 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search