Future Lifestyle Q1 net profit jumps by 33%
The fashion and lifestyle arm of Future Group, Future Lifestyle has announced a rise of 33 per cent in net profit to Rs 24 crore for the first quarter of the current fiscal year compared to the same quarter last year net profit of Rs 18 crore.
“The revenue for the April-June months increased 29 per cent to Rs 1,031 crore, thanks to robust same stores sales of around 30 per cent at its units including Central malls, Brand Factory and other Future Lifestyle Fashion brands,” Kishore Biyani, led company said.
The company’s three major units had only grown by around 10 per cent like to like growth in the first quarter of last year when compared. Revenues for the first quarter last year stood at Rs 800 crore.
The company operate retail stores of other brands including Jealous 21, Scullers, UMM among other labels. As of June, the company operates 36 malls of Central brand that sells various Indian and global brands under one roof, 54 outlets of Brand Factory.
The company operated about 357 stores nationwide.
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