Home / Knowledge / News / Apparel/Garments / Net sales at Future Lifestyle hikes 26.6% in Q2FY15
Net sales at Future Lifestyle hikes 26.6% in Q2FY15
18
Nov '14
Kishore Biyani led Future Lifestyle and Fashions Ltd (FLFL) reported a 26.68 per cent year on year hike in second fiscal quarter ending September 30, 2014, net revenues.

In a filing to the BSE, FLFL said its net sales stood at Rs 874.12 crore during the July-September 2014 quarter, up 26.68 per cent from Rs 690.01 crore in the corresponding quarter a year ago.

Driven by purchases of stock which soared 25.21 per cent from the prior-year quarter, overall expenses also surged 20.46 per cent from Rs 697.37 crore to Rs 840.07 crore in the reporting quarter.

Profit from operations before other income, finance costs and exceptional items totalled Rs 51.86 crore, up more than four times from 12.77 crore in the same quarter of fiscal 2013-14.

FLFL reported other income of Rs 1.53 crore in the quarter under review as against Rs 190.82 crore in the July to September 2013 period.

In the second quarter of fiscal 2013-14, FLFL had divested its 25.8 per cent stake in Biba Apparels to a private equity fund for Rs 190 crore.

Profit from operations before finance costs and exceptional items touched Rs 53.39 crore in the second fiscal quarter of 2014-15 versus Rs 203.59 crore.

FLFL notched profit from ordinary activities after finance costs but before exceptional items at Rs 10.70 crore vis-a-vis Rs 161.19 crore in the year earlier quarter.

Tax paid in the reporting quarter stood at Rs 3.72 crore as against Rs 52.29 crore in the second quarter of previous fiscal year.

The fashion retailer reported a net profit of Rs 6.98 crore for the second quarter of the ongoing fiscal year.

It had registered a net profit of Rs 108.90 crore for the corresponding period of the previous fiscal year, on the account of other income of Rs 190.82 crore.

The Company is an integrated fashion company with presence across key segments within the fashion industry – beginning from design and right up to distribution.

FLFL has four retail formats like Central, Brand Factory, Planet Sports and All, which markets plus size clothing.

It also has over 40 apparel brands in its portfolio, inclusive of licences to market, Celio, Lee Cooper, Scullers, Indigo Nation, Converse, Spalding, Urban Yoga, etc. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Hardik Sanghvi

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

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Akta Adani
India Boulevard

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

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

December 2017

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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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