Future Consumer posts Q4 profit of Rs 8 crore

Future Consumer Ltd witnessed a 226 percent surge in its net profit to Rs 35 crore ($5.1 million) for the quarter ended March 2019 as against Rs 11 crore it had reported during the previous quarter ended March 2018.
 
Future Consumer Ltd Q4 net profit jumps to Rs 35 crore - Future Consumer Ltd

The company’s sales grew 19 percent to Rs 779 crore in the quarter as against Rs 653 crore it reported during the corresponding quarter last fiscal.
 
For the financial year 2018-19, Future Consumer’s net profit rose 87 percent to Rs 61 crore as against Rs 32 crore it reported during the previous year.
 
The revenue for the year grew by 23 percent to Rs 2990 crore as against Rs 2431 crore it posted during the previous year ended March 2018.
 
Future Consumer is also in talks to raise Rs 280 crore from the International Finance Corporation (IFC) and Verlinvest SA, a private equity and venture capital entity.
 
The funds will be utilized on the expansion of home & personal care products coupled with the expansion of its rural distribution network.
 
Future Consumer is a part of Future Group operating in personal care and FMCG space with 27 brands in over 65 categories.

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