Industry

Future Retail logs Q4 loss of ₹477.6 crore

Future Retail Limited (FRL) reported a consolidated net loss of ₹477.6 crore for the quarter ended March.

The company, which owns brands like Big Bazaar, fbb, Foodhall, Easyday and Nilgiris, had posted a net profit of ₹199.3 crore in the January-March quarter a year ago.

Future Retail explores, evaluates various opportunities for stake sale | RIL to buy Future Group’s retail, related units for ₹24,713 crore

Mukesh Ambani’s Reliance Industries recently acquired Future Group’s retail, wholesale, logistics and warehousing businesses for ₹24,713 crore. FRL’s revenue from operations was down 17.8% to ₹4,492.4 crore against ₹5,462.2 crore. Total expenses were ₹5,006.5 crore, down 5%. For the fiscal year 2019-20, FRL’s net profit was down 98.4% to ₹11.3 crore. Revenue from operation was flat at ₹20,331.7 crore.

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Printable version | Oct 22, 2020 3:05:45 PM | https://www.thehindu.com/business/Industry/future-retail-logs-q4-loss-of-4776-crore/article32526396.ece

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