Future Lifestyle Fashion Posts 42% Rise In Q1 Profit

New Delhi: Future Lifestyle Fashion Ltd (FLFL), part of Kishore Biyani-led Future Group, on Monday reported a 42.33 per cent increase in standalone net profit at Rs 3.53 crore for the fiscal first quarter that ended on June 30.

The company had posted a net profit of Rs 2.48 crore for the correspoinding period a year go, FLFL said in a filing to the BSE.

Net sales were up 14.85 per cent at Rs 785.97 crore in the quarter under review as against Rs 684.34 crore in the corresponding quarter of the previous fiscal year.

Total expenses were also up 13.94 per cent at Rs 769.01 crore as against Rs 674.88 crore in the year-ago period.

Shares in FLFL, on Monday, ended 2.13 per cent higher at Rs 129.50 apiece on the BSE, whose benchmark Sensex index finished up 0.37 per cent.