----------------------------------------------------------------------------------------------------------------------------------------------------------------
Future Retail Ltd’s revenue in Q2FY19 grew 9.4% yoy and 8.6% qoq to Rs4,929cr. EBITDA for the quarter came in at Rs248cr, up 17.3% yoy and 12.1% qoq. EBITDA margin expanded 33bps yoy and 16bps qoq to 5.02%. Adjusted PAT stood at Rs175cr, up 14.3% yoy and 14.4% qoq. Adjusted PAT was in-line with the estimates of Rs177cr.
• Future Retail added nine Big Bazaar, seven FBB, and 123 small-format stores in Q2FY19, taking the total count to 284, 74, and 959 stores, respectively.
• Big Bazaar SSG stood at 9.4% in Q2FY19 vs 13.8% yoy. SSG for the whole company stood at 5.9% vs 10.2% yoy.
• Count of Easyday Club Members stood at 0.8mn in Q2FY19 compared to 0.3mn yoy.
• Acquired 38 stores of Foodworld aggregating to ~0.1mn sq ft w.e.f. June 1, 2018. The total retail area in Q2FY19 stood at 15.4mn sq ft vs 12.7mn sq ft yoy.
• Cost of goods sold stood at 73.3% of sales vs 74.3% yoy, which aided in EBITDA margin expansion.
• Employee benefit expenses stood at 5.5% of sales vs 5.1% yoy.
• Other expenses stood at 8.7% of the revenue vs 8.4% yoy.
• Acquisition of demerged retail business of Hypercity Retail (India) Ltd was completed w.e.f December 1, 2017. The company is on track to achieve 5% EBITDA in the upcoming quarters for this business. Hypercity EBITDA loss for the quarter stood at 6.7% vs 20.2% in Q4FY18.
• Finance cost grew 11.5% yoy to Rs55cr.
Future Retail Ltd ended at Rs527.55, up 20.15 points, or 3.97%, from its previous close of Rs507.40 on the BSE. The scrip opened at Rs509 and touched a high and low of Rs531.90 and Rs502, respectively. A total of 16,17,267 (NSE+BSE) shares were traded on the counter. The stock traded below its 200-DMA.
Please use the temporary password sent on your email id or mobile no.
Update Mobile no.
Why you need to update your Mobile number ?
By providing verified mobile number we provide more exclusive information in the website.
Verifying OTP
Verifying OTP
Sign Up
Verifying OTP
Update Mobile no.
Terms & Conditions
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in National Do Not Call Registry as laid down by Telecom Regulatory Authority of India will not be applicable for such information/ communication.