Future Retail Q2 profit rises 14 percent to Rs 175 crore

By

Maverick Martins

Published
Nov 15, 2018

Future Retail Ltd (FRL) witnessed a 14 percent jump in its net profit to Rs 175 crore ($24.3 million) for the second quarter ended September 30, 2018. The company had reported a net profit of Rs 153 crore (approx $21.3 million) during the July-September quarter a year ago.
 

The company’s revenue during the period was also up at Rs 4,929 crore as compared to Rs 4,506 crore during the corresponding quarter last fiscal, FRL said in a regulatory filing.
 
Future Retail ended the quarter with a presence in 373 cities through its 1,336 stores across its various brands including Big Bazaar, FBB, and Easyday.

The company plans to open 20 Big Bazaar stores and will be adding almost 100 small format stores before the end of the current financial year.
 
Future Retail is the retail entity of the Future Group and the highest revenue generator for the company. It had reported a total income of Rs 18,489.64 crore (approx $2.8 billion) for the last financial year.