Future Lifestyle Q3 net profit falls 19%

By

Maverick Martins

Published
Feb 14, 2017

Future Lifestyle Fashion Ltd (FLFL), part of Kishore Biyani-led Future Group, reported a 18.94 per cent fall in net profit at Rs 15.94 crore for the third quarter ended December, due to higher expenses.

The company had posted a net profit of Rs 19.66 crore in the corresponding quarter of last fiscal. Total income from operations during October-December period was up 21.24 per cent to Rs 1,064.01 crore as against Rs 877.55 crore in the corresponding period of last fiscal, Future Lifestyle said in a BSE filing.

During the quarter, FLFL's overall expenses increased by 23.92 per cent to Rs 1,011.86 crore as compared to Rs 816.54 crore in the same quarter of last fiscal.

Future Lifestyle Fashions Limited owns and markets over two dozen fashion brands through exclusive brand outlets, department stores and multi brand outlets, as well as company operated chains such as Central, Brand Factory and Planet Sports.

It collectively operates around 400 stores spread over 5 million square feet of retail space.