Home / Knowledge / News / Apparel/Garments / Q2FY16 net profit at Future Lifestyle Fashions tanks 69.7%
Q2FY16 net profit at Future Lifestyle Fashions tanks 69.7%
Nov '15
Net profit at Kishore Biyani led Future Lifestyle Fashions tanked 69.77 per cent year over year in the second fiscal quarter ended September 30, 2015.

In a BSE filing, Future Lifestyle said its net profit reached Rs 2.11 crore for the second quarter of fiscal 2016 as against Rs 6.98 crore in the same period of the previous fiscal, down a massive 69.77 per cent.

Net sales during the reporting quarter totaled Rs 853.45 crore, also down 2.36 per cent compared to Rs 874.12 crore in the fiscal ago period.

Employee expenses during the quarter under review were higher at Rs 47.51 crore vis-a-vis Rs 44.10 crore in the second quarter of last fiscal.

The company further added that rent too was higher at Rs 92.44 crore as against Rs 83.67 crore in the prior fiscal's second quarter.

Future Lifestyle Fashions is an integrated fashion company with presence across key segments within the fashion industry i.e. from design to distribution.

It has a portfolio of fashion brands that cover all fashion categories including formal menswear, casual wear, active or sportswear, women's ethnic wear, women's denim wear, women's casual wear, footwear and accessories.

In the fashion retail segment, Future Fashion operates formats like Central, Brand Factory, Planet Sports and I Am.

Within its apparel brands portfolio, the company has brands like Lee Cooper, Scullers, Bare Denims, Indigo Nation, Urban Yoga, Converse, Spalding, John Miller, Urbana, Jealous 21, Mother Earth etc. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Larry L Kinn
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

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

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search