Future Lifestyle net profit declines 69.77 percent in Q2

Future Group-owned Future Lifestyle Fashions reported a 69.77 percent decline in its net profit to Rs 2.11 crore for the second quarter ended September 30, 2015. The company had posted a net profit of Rs 6.98 crore in the same period of the previous fiscal, Future Lifestyle Fashions said in a regulatory filing. Net sales during the period were Rs 853.45 crores against Rs 874.12 crores in the year-ago period, down 2.36 percent.