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%
03
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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Akta Adani
India Boulevard

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

Silvia Venturini Fendi
Fendi s.r.l

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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