Sluggish growth for Future Retail

Future Retail, a subsidiary of Kishore Biyani-led Future Group, has posted a same-store sales growth of 3.3 per cent in the value segment for the December quarter of FY14. And, it was the lowest growth reported by this retailer over the past one year.

Future Retail posted a net profit of Rs 21.7 crore in the December quarter compared to a loss of Rs 20.4 crore in the corresponding period of the previous year.