Future Consumer

Reliance Retail contributed over 63% of sales of Future Consumer in FY22

Reliance Retail was the largest customer of Future Consumer Ltd (FCL) in FY22, contributing 63.06 per cent of its sales, according to the annual report of the Kishore Biyani-led Future group's FMCG arm. FCL is engaged in the business of sourcing, manufacturing, branding, marketing and distributing food and processed food items and health and personal care (HPC) products. In the annual report, the list of top customers who individually contribute more than 10 per cent of FCL's total revenue mentions only two companies -- Reliance Retail and FRL -- which together contributed Rs 854.22 crore of its total revenue of Rs 970.08 crore, or nearly 88 per cent. Reliance Retail contributed Rs 611.75 crore, said the report, adding that the failure of the Rs 24,713 crore deal with Reliance Group in April this year had a significant impact on its business. Future group's flagship company Future Retail (FRL), now facing insolvency proceedings, contributed Rs 242.47 crore, which is around 25 per .

Future Consumer Ltd defaults on Rs 52-crore debenture repayments

Future Consumer Ltd (FCL) has defaulted on the payment of Rs 51.85 crore towards principal and interest due on non-convertible debentures, a regulatory filing said on Tuesday. The default which happened on August 15, 2022, includes an interest amount of Rs 10.73 crore and a principal Amount of Rs 41.12 crore, FCL said a regulatory filing. "The Company has been unable to service its obligations towards payment of the amount of principal and interest due on unlisted Non-Convertible Debentures issued by the Company to CDC Emerging Markets Ltd," said FCL. The default is on the amount issued for a sum of Rs 200 crore. This was allocated on February 15, 2018, with a coupon rate of 11.07 per cent per annum. As of June 30, 2022, the total financial indebtedness of FCL including short-term and long-term was Rs 446.82 crore. FCL is in the business of manufacturing, branding and distributing FMCG food and processed food products. It was part of the 19 group companies operating in retail, ..

Future Consumer Q1 net loss widens to Rs 95.14 cr, revenue down 65%

The company had posted a net loss of Rs 31.54 crore in the April-June quarter a year ago, said FCL, the FMCG arm of the Future group, in a BSE filing.

Future Consumer Q4 net loss widens to Rs 346 cr, revenue dips 32%

Future Consumer Ltd (FCL), the food-led FMCG company of debt-ridden Future Group, on Friday reported widening of its net loss to Rs 346.23 crore for the fourth quarter ended March 31, 2022. The company, which posted a net loss of Rs 155.12 crore in the January-March quarter a year ago, said due to the impact of COVID-19 and insolvency proceedings against its main customer Future Retail Ltd, there is a material uncertainty over the group's ability to continue as a going concern. Its revenue from operations was down 32.03 per cent to Rs 262.54 crore during the period under review, as against Rs 386.26 crore in the corresponding period last fiscal, FCL said in a regulatory filing. FCL's total expenses were at Rs 533.43 crore, up 6.67 per cent in Q4/FY 2021-22, as against Rs 500.06 crore. For the fiscal year ended March 2022, FCL's net loss was at Rs 449.75 crore. It had a net loss of Rs 483.30 crore in the previous year. However, its revenue from operations was at Rs 1,468.78 crore i

Future Group to focus on saving, rebuilding firms as Reliance deal rejected

However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT

Future Consumer calls off joint venture with dairy firm Fonterra

Future Consumer, a part of Kishore Biyani-led Future Group, on Thursday said it has decided to terminate a joint venture pact with New Zealand's dairy firm Fonterra.

Future group's arm defaults on debenture repayments in February

The principal covered deferred installment of Rs 9 .41 crore and the February installment of Rs 11. 76 crore, the company said in an exchange filing.

Reliance Retail becomes second-largest customer of Future Consumer

Reliance Retail has become the second-largest customer of the Kishore Biyani-led Future group's FMCG arm Future Consumer, contributing over one-fourth of the total sales of the company.

Future Consumer focusing on Digital First model across brand activities

The company said it believes that "habits formed in current times will tend to remain in the long term as well".

Future Consumer's Q4 loss narrows to Rs 155 cr, revenue slides by 59%

Total expenses were at Rs 500.06 crore, down 52.5 per cent in the last quarter of 2020-21 against Rs 1,051.87 crore in the year-ago period

Future Consumer reports widening consolidated Q2 loss at Rs 147 cr

The company had posted a loss of Rs 16.75 crore in July-September period last year, Future Consumer said in a BSE filing

Future Group arm defaults on debt repayment of Rs 22 cr due September 5

In a regulatory filing, the company said it has been unable to service its obligations towards payment of principal redemption and interest due on September 5, 2020

Future Enterprises hits 5% upper circuit as board to consider raising funds

Other Future Group companies' stock also rallied on the development, with Future Retail surging 7 per cent

Market Ahead, July 6: Top factors that could guide markets this week

At 7:10 AM, SGX Nifty was trading more than 50 points higher at around 10,630 levels, indicating a higher opening for the Sensex and Nifty today

Future Consumer zooms 141%, Future Retail rallies 94% in one month

According to the report, Reliance Industries is closing in on a deal that would see it acquire stakes in some units of Future Group.

Future Consumer locked in 10% upper circuit for third straight session

After plunging nearly 50 per cent in February, the company assured that the price movement is not inherent to FCL's fundamentals.

Amazon India inks two long-term agreements with Future Retail, FCL

The development comes after Amazon had agreed to buy 49% stake in Future Coupons Ltd

After board's nod, Amazon-backed Future Coupons to own 7.5% of retail arm

Retailing arm expected to net about Rs 2,000 cr from deal

Future Consumer reports Rs 17-cr loss in July-September; net sales up 11%

The company had posted a loss of Rs 3.23 crore in July-September 2018-19, Future Consumer, formerly known as Future Consumer Enterprise Ltd, said in a BSE filing

Kishore Biyani's Future Consumer to raise Rs 280 cr from IFC, Verlinvest

IFC, the World Bank's investment arm, said it would invest up to Rs 210 crore in FCL in the form of Compulsorily Convertible Debentures