Future Retail on 52-week high led by remarkable Q1 numbers

Future Retail reported its results for the quarter ended June 30, 2017 on Tuesday.

The company reported total sales of Rs 4704.9 crore for Q1FY18, which represents a 4.9 per cent sequential increase and 18.2 per cent YoY increase.

Its operating profit (EBIT) for the quarter was Rs 198.8 crore while its EBIT margin stood at 4.2 per cent.

The company's PAT at Rs 147.8 crore represents a sequential QoQ increase of 20.1 per cent and a YoY increase of 109.6 per cent.

Future Retail Limited is engaged in the business of retailing a range of household and consumer products through departmental stores under various formats. It has popular supermarket chains such as Big Bazaar and Food Bazaar, lifestyle stores such as Brand Factory, Central etc. and also has a notable presence in integrated foods and FMCG manufacturing sectors.

The stock opened at Rs 432 and jumped to its intra-day high of Rs 460 on the BSE, reacting on encouraging Q1 results.