Future Retail expects 15 percent sales growth

Future Retail is expecting its sales to grow 15 to 20 percent annually for the next three to four years. The retail giant is banking on doubling its same-store sales to meet this target. The retailer which currently has an operating margin of 3.5 to 4 percent sees it rising by 5 to 7 percent over the medium to long term. Lowering of working capital cycle (from 78 to 60 days) will improve the company’s return on capital employed to 20 percent in the medium term from 15 percent currently. Future Retail now has 749 stores and services over 300 million customers annually.