Future Lifestyle Fashions – the flagship fashion business of the Indian conglomerate firm founded by Kishore Biyani Future Group – on Monday posted a consolidated net loss of Rs. 353 crore for the first quarter ended 30 June 2020.
In comparison, the fashion brand had reported a net profit of Rs. 25 crore during the corresponding period last year.
So far as the company’s total income during the quarter under review is concerned, it was registered to be at Rs. 96 crore.
On the other hand, it stood at an impressive Rs. 1,551 crore in the last fiscal.
The brand’s shares were trading 5 per cent lower at Rs. 122 a piece on BSE. Future Lifestyle Fashions has more than 300 stores in over 90 cities.
It owns and markets various leading brands through its in-house retail chains Central and Brand Factory, exclusive brand outlets (EBOs) and other multi-brand outlets (MBOs).