BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss recommends buy on Future Lifestyle Fashions
Edelweiss has initiated coverage on Future Lifestyle Fashions with a buy for target proce of Rs 416. It says Future Lifestyle Fashions (FLF) is an integrated play on brands and retail presence. This integrated model had ensured strong SSSG (16.4% in FY17) and outperformance. It expects 12% SSSG to sustain over the next 2 years driven by scale up of retail channels across segments - central in premium and brand factory in value.