Future Lifestyle Fashions reports net profit of Rs 6.14 cr in Q4

Future Lifestyle Fashions (FLFL) reported a net profit of Rs 6.14 crore for the fourth quarter ended March 31, 2015, helped by lower expenses. The company had posted a net loss of Rs 186.66 crores in the same quarter last year.

Net sales during January - March period stood at Rs 782.95 crores, up 11.72 percent against net sales of Rs 700.8 crores in the corresponding quarter a year ago. For the financial year 2014-15, the company had a net profit of Rs 18.55 crores. Future Lifestyle Fashions' net sales for the financial year were at Rs 3,063.59 crores against Rs 2,660.81 crores in the previous fiscal year.

Kishore Biyani-led Future Group that recently announced merger with Bharti Retail aims to open six new stores of its lifestyle and fashion departmental chain – Central. The company, after ramping its brand portfolio, aims to increase store count from 30 to 36, this fiscal. Central is the flagship retail format of Future Lifestyle Fashion and has presence in cities like Mumbai, Bengaluru, Hyderabad, Pune, Ahmedabad and Gurgaon, as well as smaller cities like Baroda, Indore, Vizag, Surat, Mohali, Patna, Mangalore and Pimpri.