InvestorQ : Why has Future Lifestyle reported such a huge loss in the Jun-20 quarter?
Mitali Bhutta made post

Why has Future Lifestyle reported such a huge loss in the Jun-20 quarter?

Answer
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3 weeks ago


Future Lifestyle Fashions reported net loss of Rs.353 crore in the Jun-20 quarter. In the Jun-19 quarter, the company had reported net profits of Rs.24.54 crore. The loss was driven by a sharp fall in total sales for the quarter to Rs.96 crore from Rs.1551 crore last year.

It may be recollected that Future Lifestyle is one of the Future Group companies that will be consolidated into Future Enterprises before the entity is transferred to Reliance Retail Ventures as part of the Rs.24,713 crore deal between Reliance Retail and Future Group.