Future Lifestyle Fashions Q3 profit jumps 46 percent
today Feb 5, 2019
Future Lifestyle Fashions Limited, part of Future Group saw its net profit for the third quarter jump 46 percent to Rs 55 crore ($7.7 million) as against Rs 38 crore during the previous quarter ended December 2017.
The company’s revenue grew 36 percent to Rs 1,616 crore in the quarter ended December 2018 as against Rs 1,189 crore during the previous quarter ended December 2017.
The company attributed the growth the revenue and profit to strong performances by its power brands, and brand factory new store additions.
During the quarter under review, FLF opened 1 Central, 13 Brand Factory and 2 All stores. It also launched an online app for its plus-size private label ‘All’.
FLFL is India’s largest integrated fashion company with a diversified portfolio spanning 30 fashion brands (both company-owned and licensed) such as Lee Cooper, Indigo Nation, Jealous 21, Bare and All among others.
FLFL retails through over 400 stores spread over 6 million square feet that comprise company operated chains Central and Brand Factory, EBOs, department stores, and multi-brand outlets.
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