Future Consumer Enterprise Ltd's Q2FY19 consolidated net loss narrows to Rs2.2cr yoy

The company’s consolidated revenue stood at Rs1,011.1cr, up 34.6% yoy and 20.2% qoq.

Nov 03, 2018 10:11 IST India Infoline Research Team

Future Consumer Enterprise Ltd Q2FY19

Consolidated Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 1,011.1 34.6
EBITDA 25.4 98.7
EBITDA Margin (%) 2.5 81
Net Loss (adjusted) 2.2 NA
***EBITDA margin change is bps
Future Consumer reported healthy set of numbers for the quarter with losses narrowing down on yoy basis. Consolidated revenue grew by 34.6% yoy to Rs1,011.1cr. EBITDA reported 98.7% yoy jump to Rs25.4cr against Rs12.8cr in Q2FY18 and EBITDA margin expanded by 81bps yoy to 2.5%. Further, company's loss narrowed down to Rs2.2cr against loss of Rs10.3cr in Q2FY18 and Rs6.1cr in Q1FY19.
  • Employee cost as percent of net sales was down by 112bps yoy aiding expansion in the EBITDA margin.
  • Both depreciation and interest expenses for the company grew on yoy basis by 11.9% and 40.9% respectively.
  • Other income grew by 61.8% yoy to Rs8.5cr.
  • However, losses from associates and JVs increased during the quarter at Rs6.2cr against Rs4.8cr in Q2FY18. JV losses were flat sequentially.
  • Channel wise sales mix for the quarter was – (a) Big Bazaar & Hypercity 55%, (b) EasyDay/Heritage/Nilgiris/ Others 24%, (c) Aadhaar 3% and (d) GT/Institutional/Others 18%.
  • Centre of Plate, which contributed ~52% to the revenue grew by 31% yoy.

Technical View:

Future Consumer Ltd ended at Rs. 48.60, down by 0.7 points or 1.42% from its previous closing of Rs. 49.30 on the BSE.
The scrip opened at Rs. 49.25 and touched a high and low of Rs. 49.85 and Rs. 48.35 respectively. A total of 1,31,039 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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