The company had posted net profit of Rs 21.74 crore in the October-December period of the 2013-14 fiscal.
During the third quarter of the 2014-15 fiscal, Future Retail's net sales stood at Rs 2,616.03 crore, up 14.92 per cent as against net sales of Rs 2,276.3 crore in the year-ago period, the company said in a BSE filing.
In a separate filing, Future Retail's Board approved divestment of part of its investments in its subsidiary, Future Supply Chain Solutions Ltd, and authorised committee to consider various options for a value up to Rs 700 crore, such as Offer for Sale (OFS) as part of Initial Public Offering (IPO), sale to private equity/strategic investor.
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