Home / Knowledge / News / Apparel/Garments / Q1FY15 net profit dives sharply at Future Lifestyle
Q1FY15 net profit dives sharply at Future Lifestyle
11
Aug '14
The fashion and lifestyle retail division of Kishore Biyani-led Future Group, Future Lifestyle Fashions Ltd, reported a 53.7% drop in net profit for first quarter ending June 30, 2014.

First fiscal quarter ending June 301, 2014 net profit slipped to Rs 3.56 crore from Rs.7.69 crore in corresponding quarter of last fiscal year.

Future Lifestyle attributed the sharp drop in net profit to increase in depreciation and other costs.

For the June 2014 quarter, net sales went up 11.7% to Rs 683.06 crore from Rs 611.38 crore from a year earlier.

During the quarter under review, Future Lifestyle opened four IamIn stores, one Brand Factory store, two Planet Sports stores, three aLL stores and 18 exclusive brand outlets (EBOs).

Meanwhile, it also closed one Brand Factory store, five Planet Sports stores and five EBOs.

Future Lifestyle Fashions is an integrated fashion company with presence across key segments and has a portfolio of fashion brands that cover the entire gamut of fashion sub-categories.

Future Lifestyle Fashions also has invested in companies, which own or manage fashion brands like Turtle, Celio, Clarks, Mother Earth, Tresmode, Mineral, etc.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 30th Apr 2016

‘Textile sector not given required impetus’

Cotton Textile Export Promotion Council (Texprocil) Chairman R. K....

Apparel/Garments | On 30th Apr 2016

EU announces app for accurate children's clothing size

Buying clothes for children can be a quagmire because sizing is often ...

Apparel/Garments | On 30th Apr 2016

Bioworld Merchandising acquires VoxPop

US-based private label Bioworld Merchandising, Inc, has acquired...

Interviews View All

Bhumika and Shyamal Shodhan
Shyamal and Bhumika

How is the market for bespoke and designer clothing in India ? How is the...

John Patrick
Organic by John Patrick

What have you got to say about green washing in the fashion sector? How do ...

C Kamatchisundaram
Voltas Textile Machinery Division

How the demand for textile machines in India? How is the gap between...

Mr. Keith Hayward
Monadnock Nonwovens LLC

Born in England, an honors graduate in Chemistry at the University of York ...

Pierre Wiertz
EDANA

<i><b>Pierre Wiertz</b> talks about the vast world of sustainable...

Mohammad Hassan
Biax Fiberfilm

<b><i>About one in every 20 patients picks up an infection while...

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

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

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search