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Future Retail posts PAT of Rs 950mn in 15 months to Mar'14

07 Jun '14

3 min read

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.

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Future Retail Ltd

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