Future Lifestyle Fashion reports Rs 19.6 crores profits in Q3

Future Lifestyle Fashion (FLFL) has reported a net profit of Rs 19.6 crores in the third quarter ending December. Last year, during the same quarter it had posted a net profit of Rs 1.85 crores. The company reported 18 per cent increase in sales at Rs 857 crores compared to Rs 723 crores in the last fiscal. The Kishore Biyani led Future Group gave these details in a BSE filing.

The company’s overall expenses increased 15 per cent to Rs 817 crores during the October-December period compared with Rs 710 crores a year ago. During the third quarter, the company opened 24 store formats including Brand Factory and Central but at the same time they also shut down 18 stores across the country

FLFL is an integrated fashion company which operates 4 million square feet of retail space. It holds substantial minority stakes in fashion labels such as Turtle and Mother Earth. It operates formats like Central, Brand Factory, Planet Sports and aLL.