Future Lifestyle Fashions reported the third quarter FY22 results
15 February 2022, Mumbai:
Future Lifestyle Fashions Ltd (FLFL), which is owned by the Future Group, reduced its losses to Rs 112 crore ($14.9 million) in the third quarter of 2021, compared to a net loss of Rs 174 crore the previous year.
The company's revenue for the quarter increased by 32% to Rs 1,255 crore, up from Rs 950 crore in the previous fiscal year's similar period.
"Consumer confidence has risen in the recent quarter, and consumers have a good perspective for the future, although they are still concerned about inflation and expenditure."
"Various industries face a significant threat from inflation and growing raw material costs, as well as supply chain disruptions," FLFL warned in its quarterly analysis.
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In the following quarters, the firm intends to focus on increasing traffic and ticket size through various marketing techniques, as well as launching new product categories to enhance revenue.
Future Lifestyle Fashions has 331 stores across all formats at the conclusion of the December quarter.
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*Figures mentioned in the above article have been sourced from ET Fashion Network article.
