Future Group eyes Rs 15,000 crore revenue

Retail major Future Group expects to generate Rs 15,000 crore revenues by the end of this financial year.

About 65 per cent of the revenues of the company would come from non food business, said Kishore Biyani, Group CEO, Future Group, on the sidelines of a store launch here today.

"We are eying 20-25 per cent growth in revenue every year. This year, Future Group will have a revenue of about Rs 15000 crore. Of this, the revenue from Big Baazar would be Rs 8000-9000 crore," said Biyani.

While strengthening the non-food business, Future Group will introduce frozen food segment soon.

The company is planning to open 35 new Big Baazar stores this year, which will take the total number of stores to 200.

This apart, Future Group expects its food park near Bangalore to be partially operational by April this year. The company's total investment in the project is close to Rs 2000 crore.