Future Lifestyle Fashion posts 40% rise in Q4 net profit

Future Lifestyle Fashion (FLFL) has posted a 40.4% rise in quarterly net profit helped by overall sales volume that grew 20%. FLFL is part of Kishore Biyani-led Future Group.

The company’s net profit stood at Rs 36.4 crore for the quarter ended March, while its net sales rose 30% to Rs 1281 crore, helped by power brands and new Brand Factory stores.

During the fourth quarter, same store sales growth grew 9% while EBIDTA margin dropped 80 basis points at 9.2%.

The company said, "Revenue share of discounted chain Brand Factory rose from 27% to 35% in Q4 that impacted absolute EBIDTA margin. FLF business crossed Rs 6000 crore gross revenue milestone in 2018-19."