Future Lifestyle Fashions Ltd's (FLFL) revenue grew by 16.4% qoq to Rs1,189cr in Q3FY18 aided by 11.8% SSG in Central. Revenue came lower than estimate of Rs1,241cr. EBITDA came in at Rs104cr against estimate of Rs117cr, up 18.1% yoy. EBITDA margin expanded by 13bps qoq to 8.78%. Adjusted PAT came at Rs38cr up 61% qoq aided by increase in the other income by 92.4% qoq to Rs11.3cr. Adjusted PAT came above estimate of Rs31cr.
The results are not comparable on yoy basis as ‘Lee Cooper Division’ is now part of step down subsidiary, Future Speciality Retail Limited w.e.f. March 29, 2017.
In Q3FY18, SSG for Central and Brand Factory are 11.8% (up 21.7% yoy) and 6.6% (up 20.7% yoy) respectively.
In Q3FY18, 3 Brand Factory stores and 2 Central stores were opened, taking the total store count to 60 and 39 respectively.
Employee benefit expenses grew by 0.3% qoq to Rs62cr.
Finance cost declined by 6.2% qoq to Rs22.5cr.
Depreciation and amortisation expenses grew by7.7% to Rs38.7cr.
Future Lifestyle Fashions Ltd is currently trading at Rs. 355.25, down by 24.25 points or 6.39% from its previous closing of Rs. 379.50 on the BSE.
The scrip opened at Rs. 379.65 and has touched a high and low of Rs. 382.95 and Rs. 345.40 respectively. So far 2,80,753(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
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