'Reliance Retail' contributes to 1/4th of Future Consumer’s sales

'Reliance Retail' contributes to 1/4th of Future Consumer’s sales

9th September 2021, Mumbai:

Reliance Retail has become the second-largest customer of the Kishore Biyani-led Future group's FMCG arm Future Consumer, contributing over one-fourth of the total sales of the company.

In the financial year 2020-21, the retail arm of Reliance Industries has purchased goods worth Rs 157.54 crore from Future Consumer Ltd (FCL), accounting 26.8 per cent of the total sales of Rs 586.15 crore, as per the latest annual report of the company.

FCL is among the 19 group companies of the Future Group, which would be merged with Future Enterprises and then would be transferred to Reliance Industries retail arm, Reliance Retail Ventures Ltd (RRVL), as per the Rs 24,713 croredeal announced on August 29, 2020.

Future Group's retail arm Future Retail (FRL) leads the list with purchase of Rs 319.52 crore for the financial year ended on March 31, 2021. However, it was 87.9 per cent down in comparison to a purchase of Rs 2,631.58 done by FRL a year ago.

FCL's revenue from the sale of products in FY21 was Rs 586.15 crore and both companies contributed around 81.3 per cent of total sales. Reliance Retail, which has come first in the list of top consumers, contributed 26.8 per cent of the total sales.

 

TOP 5:

Author’s Posts

  • India Circus by Krsnaa Mehta launches new ‘Artisanal Co-ord Sets’ collection

    Contemporary Indian lifestyle brand, India Circus by Krsnaa Mehta has expanded its apparel range by l...

    Apr 17, 2025

  • Crimzon launches new store to offer customized footwear in New Delhi

    Expanding its retail presence, footwear brand Crimzon has launched a new store in New Delhi.

    Apr 17, 2025

  • India Circus by Krsnaa Mehta launches new ‘Artisanal Co-ord Sets’ collection

    Contemporary Indian lifestyle brand, India Circus by Krsnaa Mehta has expanded its apparel range by l...

    Apr 17, 2025

  • Thread & Knot’s new Bengaluru store offers carefully selected clothing and accessories collection

    Contemporary fashion and lifestyle brand Th...

    Apr 16, 2025

  • Navyasa by Liva stuns with Spring Summer ’25 collection ‘Unified Contrasts’ at Fashion Week

    Modern elegance meets sustainable fashion

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex