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Future Retail revenue rises 13% in Q3FY19
08 Feb '19
1 min read
Courtesy: Future Retail
Kishore Biyani- led Future Retail Limited (FRL) has delivered a year-on-year revenue growth of 13 per cent during the third quarter of 2019. EBITDA increased by 30 per cent to reach 5.3 per cent during the reported period. The cash-flows and balance-sheet of FRL for the quarter are well positioned for sustained growth potential with improving margins.
Present in 409 cities with 1,444 stores, the key focus of FRL is on supply chain capabilities and data-led technology deployments to reduce costs, improve availability and drive productivity. There is a fast increasing network of small format stores consistent with technology and supply chain investments.
With the completion of rapid inorganic growth phase, management now believes that this is an opportune time to let FRL chart its growth independently with the deployment of data and technology. (RR)
Fibre2Fashion News Desk – India
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