Future Lifestyle Fashion’s March quarter net surges 40%

  • Eric
  • May 3, 2019
  • Comments Off on Future Lifestyle Fashion’s March quarter net surges 40%

growthMUMBAI: Future Lifestyle Fashion (FLFL), part of Kishore Biyani-led Future Group, has reported a 40.4% increase in its net profit for the quarter ended March 31, helped by overall sales volume that rose 20%.

Its net profit for the quarter stood at Rs 36.4 crore while net sales grew 30% at Rs 1,281 crore, helped by power brands and new Brand Factory stores. Same-store sales grew 9% during the fourth quarter while EBIDTA margin dropped 80 basis points at 9.2%.

“Revenue share of discounted chain Brand Factory rose from 27% to 35% in Q4 that impacted absolute EBIDTA margin.

[“source=economictimes.indiatimes.”]