Future Lifestyle Fashions declines as Q3 PAT falls 8% Y-o-Y

Future Lifestyle Fashions fell 0.99% to Rs 390.50 after consolidated net profit slipped 8.3% to Rs 59.20 crore in Q3 December 2019 (Q3 FY20) as against Rs 64.56 crore reported in Q3 December 2018 (Q3 FY19).

Net sales rose 2.9% year-on-year (Y-o-Y) to Rs 1,742.23 crore in Q3 FY20. The Q3 earnings were disclosed after trading hours yesterday, 12 February 2020.

Profit before tax fell 9.8% to Rs 87.10 crore Y-o-Y. Current tax expenses also witnessed a 12.9% downfall to Rs 27.90 crore during the period under review.

As per Ind AS 116, EBITDA grew 86% to Rs 334 crore in Q3 FY20 from Rs 180 crore in Q3 FY19. EBITDA margin stood at 19.20% in Q3 FY20 as against 10.60% in Q3 FY19.

The sales in Brand Factory outlets remained almost flat at Rs 729 crore in Q3 FY20 from Rs 727 crore in Q3 FY19. In Central outlets, sales jumped 9.3% to Rs 860 crore in Q3 FY20 from Rs 787 crore in Q3 FY19.

Future Lifestyle Fashions' portfolio consists of fashion brands that cover the entire gamut of sub-categories including formal menswear, casual wear, active or sportswear, women's ethnic wear, women's denim wear, women's casual wear, footwear and accessories.

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