×
249
Fashion Jobs
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
SBFC FINANCE
Area Sales Manager And Sales Manager- Loan Against Property
Permanent · Ahmedabad
BUSY INFOTECH
Area Sales Manager - Amritsar / Ambala / Shimla
Permanent · Ambala
GRAND CHEMICAL WORKS
Area Sales Manager- Lucknow (gt Fmcg)
Permanent · Lucknow
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur (gt)
Permanent · Kota
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
SURYA FOOD AGRO LTD
Production Manager
Permanent · Greater Noida
SHYAM STEEL INDUSTRIES
Require Area Sales Manager For Different Locations at Bihar
Permanent · Madhepura
PINKODE REALTY LLP
Hiring For Asm/Sales Managers
Permanent · Mumbai
FRQ BRO
Area Sales Manager - Oppo
Permanent · Pudukkottai
FLEETX
Area Sales Manager
Permanent · Tirunelveli
TEACHMINT
Area Business Manager
Permanent · Hubballi
MTC BUSINESS
Production Manager | Khopoli
Permanent · Khopoli
Published
May 30, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Future Consumer's net loss surges to Rs 346 crore in Q4

Published
May 30, 2022

Future Group’s fast moving consumer goods business Future Consumer Limited saw its net loss increase to Rs 346.23 crore in the fourth quarter of the 2022 financial year as revenue dropped and expenses rose.

Future Consumer saw losses mount in the 2022 fiscal's fourth quarter - Future Consumer- Facebook


The business had reported a net loss of Rs 155.12 crore in the fourth quarter of the 2021 financial year and cited challenges caused by Covid-19 and ongoing insolvency proceedings against its main customer Future Retail Limited as reasons for its continued loss, the Press Trust of India reported. Orra’s revenue from operations also dropped 32.03% in the fourth quarter of the 2022 fiscal to total Rs 262.54 crore and expenses were up at Rs 533.43 crore.

“While the group continues to work closely with all the stakeholders, the situation continues to be still evolving,” Future Consumer Limited said in a statement, the Press Trust of India reported. “The group has adopted several cost reduction measures to address the liquidity crunch to maintain sufficient operational cash flows.”

The business is in an uncertain situation as lenders to Future Retail Ltd, its main customer of goods, have taken the company to the National Company Law Tribunal after defaulting on its loans. “The management is confident that they will be able to arrange sufficient liquidity by monetisation of its assets, increase operations and other strategic initiatives,” said the business. 


Copyright © 2022 FashionNetwork.com All rights reserved.