This Article is From Aug 04, 2015

Future Lifestyle Posts 30% Fall in Q1 Profit

New Delhi: Future Lifestyle Fashion Ltd (FLFL), part of the Kishore Biyani-led Future Group, on Tuesday reported a 30.33 per cent decline in net profit at Rs 2.48 crore for the fiscal first quarter that ended on June 30, 2015.

The company had posted a net profit of Rs 3.56 crore for the corresponding period a year ago, Future Lifestyle said in a filing to the BSE.

Net sales of Future Lifestyle Fashions during April-June period this year remained flat at Rs 684.34 crore as against Rs 683.06 crore in the quarter ended June 2014, it added.

During the quarter, FLFL's overall expenses increased 2.85 per cent to Rs 674.88 crore as compared to Rs 656.15 crore in the same quarter a year ago.

As of 2:56 p.m., shares in Future Lifestyle Fashions were trading over 2 per cent higher at Rs 87.20 apiece on the BSE.