Future Lifestyle’s Q1 net profit stands at 42.33 per cent

Future Lifestyle Fashion (FLFL), which is part of Kishore Biyani-led Future Group, reported a 42.33 per cent increase in quarterly net profit. For the quarter ended June, net profit stood at Rs 3.53 crore while net sales grew 14.85 per cent to Rs 785.97 crore. This was helped by double-digit growth in same-store sales. The contribution from owned brands increased to 40 per cent from 38 per cent on the back of strong performance of labels Lee Cooper and Indigo Nation.