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.
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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