Future Consumer records consolidated net loss of Rs 175 crore in Q4

ANI
11 Jul 2020, 14:07 GMT+10

Mumbai (Maharashtra) [India], July 11 (ANI): Future Consumer Ltd has reported consolidated net loss of Rs 175 crore in the January to March quarter as compared to a profit of Rs 7.75 crore in the same period of previous fiscal.

The net profit margin came in at minus 18.51 per cent that declined by 19.26 per cent year-on-year. Net sales in Q4 FY20 stood at Rs 947 crore, down by 8.7 per cent from Rs 1,037 crore in Q4 FY19.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at a loss of Rs 66 crore. The EBITDA margin as of Q4 FY20 was at minus 7 per cent.

"Covid-19 started impacting the performance towards the end of March leading to disruptions in sourcing, supply chain and distribution impacted by store closures due to lockdown," the company said in a statement.

Future Consumer is engaged in the business of sourcing, manufacturing and marketing FMCG and processed food products. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.

More Information

null in null

Small Business

Section

"Nitish Kumar's government is a failure, public should remove it in polls": UP Congress chief Ajay Rai

Varanasi (Uttar Pradesh) [India], July 6 (ANI): Slamming the JDU-BJP government in Bihar following the murder of a businessman, Uttar...

Bihar: Police suspect family dispute as father, 10-year-old son shot in Araria

Araria (Bihar) [India], July 6 (ANI): A 10-year-old boy was shot dead and his father injured after unidentified attackers opened fire...

LJP-RV President Chirag Paswan declares to contest upcoming Bihar Assembly polls

Saran (Bihar) [India], July 6 (ANI): Lok Janshakti Party (Ram Vilas) president and Union Minister Chirag Paswan on Sunday officially...

"No guilty will be spared": BJP's Tarun Chugh over murder of businessman Gopal Khemka in Bihar

Jammu (Jammu and Kashmir) [India], July 6 (ANI): Amid a political row sparked over the murder of a businessman Gopal Khemka in Patna's...

"World's supermarket" embraces foreign trade talents

HANGZHOU, July 6 (Xinhua) -- In a city long famed as the world's supermarket, foreign businesspeople are no longer just visitors --...

"Safety is myth under BJP rule": Congress' Pawan Khera targets NDA govt over murder of businessman Gopal Khemka

New Delhi [India], July 6 (ANI): Congress leader Pawan Khera came down heavily on the NDA government in Bihar over the prevailing law...

Automotive

Section