Future Lifestyle's Q2 net profit at Rs 7 crore

Retail giant, Future Lifestyle and Fashions Ltd (FLFL) reported net profit of Rs 6.98 crore for the second quarter of 2014-15 fiscal.
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Retail giant, Future Lifestyle and Fashions Ltd (FLFL) reported net profit of Rs 6.98 crore for the second quarter of 2014-15 fiscal.

The company has recorded a net profit of Rs 108.90 crore in corresponding of the previous fiscal, 2013-14 on the account of other income of Rs 190.82 crore.

During July-September 2014, FLFL's net sales stood at Rs 874.12 crore, up 26.68 per cent as against Rs 690.01 crore in the corresponding period a year ago, the company said in a BSE filing.

In corresponding quarter of the previous year, FLFL had divested its 25.8 per cent stake in BIBA Apparels in favour of a private equity (PE) fund for Rs 190 crore.

Future Retail demerged its fashion business in November 2012 and formed a new company called Future Lifestyle Fashions (FLFL). FLFL has a portfolio of over 40 fashion and lifestyle brands.

 
 
 
 
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