Future Group buoyant about business post consolidation

After reducing its debt pressure by selling a majority

stake in Pantaloon to Aditya Birla Nuvo and also by bringing down interest cost following consolidation across the group, the Future Group is now focusing on increasing same store sales growth. The group witnessed 8 percent growth in same store sales in March quarter and is expecting it to improve it going forward.

The company expects the month of June to remain positive leading to the promotion quarter of July to September and then the festive quarter, which could help it achieve the set targets. The company’s decision to sell 22.5 percent stake in Future Generali India Life Insurance Company it held through Future Retail to Industrial Investment Trust in March would help it further reduce the debt. The group intends taking up many such liquidation in other investments at right time.

After clearly differentiating the numbers of lifestyle business on one side which will be Future Lifestyle Fashion and Future Retail which is largely going to be the value retail, it would be easier to understand the concept. So now the focus would completely on the same-store sales growth.