Future Consumer reports Q3 net loss of Rs 113 crore
Future Group firm Future Consumer Limited reported a net loss of Rs 113 crore ($15.5 million) for the third quarter ended December 2020, as against a net loss of Rs 9 crore it had reported in the corresponding period last year.
The company’s revenue for the quarter under review was down 81 percent to Rs 179 crore, as against Rs 924 crore it reported in the year-ago period.
Future Consumer’s earnings before interest taxes depreciation and amortization was down by 312 percent to Rs 85 crore, as compared to Rs 40 crore it reported in the corresponding period last year.
Future Consumer is the FMCG arm of the Future group, which recently sold its retail and wholesale business in a Rs 24,713 crore deal to Reliance Retail.
Future Consumer’s brands include beauty brands, Kara and TS, and personal care brands, Think Skin, and Puretta, among others.
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