Page 20 - Future Retail

Kishore Biyani-led Future Retail Q2 net profit down 7% at Rs 165.08 cr

The company had reported a net profit of Rs 177.37 crore in July-September quarter a year-ago

Amazon's Future Retail deal under CCI scanner, could be delayed: Report

The CCI sought justification from Amazon on why it chose to file a Form I, the source added, which could potentially delay approval of the deal

Future Retail to buy group co's infrastructure assets in Rs 4,000-cr deal

Future Retail said the management had given in-principle approval for the acquisition of the assets, adding it would be done in one or more tranches and after getting an independent valuation report

Future Retail stock falls over 5% day after e-commerce giant Amazon deal

Percentage of promoter stake in Future Retail pledged to lenders has been steadily increasing in the past year

Future Retail erases morning gains, slumps up to 8% post Amazon deal

After almost a year of negotiations, global e-commerce and technology giant Amazon.com is acquiring a 49 per cent stake in Future Coupons, the promoter entity of Future Retail.

Top 10 biz headlines: Auto crisis worsens, India Inc gets CSR relief & more

From Amazon closing in on buying stake in Future Retail to Japan cautioning Andhra against reworking green power pacts, here are the top ten business headlines on Wednesday

Amazon in talks to buy 8-10% stake in Future Retail; deal to close in weeks

The deal, if it goes through, will help Amazon further strengthen its foothold in the Indian market where it already operates an online marketplace

Future Retail eyes 8 stores of 7-Eleven in Mumbai in phase one of expansion

The group is looking at two formats of the convenience store

Improving mix at Hypercity should help spur Future Retail's margin profile

The firm is looking at ways of increasing operating profit margins that came in at 5.2 per cent in the December quarter

Kishore Biyani's Future Retail prepares Rs 2,750-crore war chest

The equity infusion will happen at Rs 505 a unit

Future Retail nears 52-week low; slumps 21% in eight trading sessions

The stock down 3% to Rs 444 on BSE in early morning trade, quoting close to its 52-week low price of Rs 423 touched on October 8, 2018.

Future Retail falls 14% in three days in a firm market

The stock slipped 6% to Rs 484, falling 14% in past three trading days, as compared to a 2% rise in the S&P BSE Sensex.

Bharti Enterprises sells Future Retail's shares worth around Rs 3 bn

Edelweiss group firm Ecap Equities Ltd bought 1.65 mn shares worth over Rs 870 mn, while Edelweiss special opportunities fund purchased 4.043 mn shares valuing Rs 2.12 bn

Future Group shares rise on reports Amazon may buy stake in Future Retail

Future Retail has soared 19% to Rs 518 in intra-day trade, while Future Enterprises, Future Consumer, Future Market Networks and Future Supply Chain were up in the range of 7% to 15% on the BSE.

Kishore Biyani's Future Retail sees high trade volumes amid Amazon buzz

With a just week of trading left this month, retailer's turnover crosses Rs 610 mn

Future Retail extends gain on pact with Oman-based Khimji Ramdas LLC

The stock rallied 9% to Rs 560 in intra-day trade, extending its past two days 3% gain on the BSE.

Strong near-term triggers for Future Retail

Achieving ambitious 5-year target of smaller stores, however, hinges on execution and customer acceptance

Future Retail Q2 net profit at Rs 153 crore

Shares of the company were trading 0.77% lower at Rs 522.10 apiece on BSE

Future Retail signs SPA for Hypercity Retail's Rs 655 cr acquisition

Shopper Stop owns 51.09 per cent stake in HRIL and rest is owned by the promoter group and others

Future Retail: Synergy gains in HyperCity acquisition

The deal between Shoppers Stop and Future Retail is a win-win for both sides as it helps the former bring down its debt and focus on the departmental store format while enabling the Future group to expand its presence at a reasonable cost. Manish Jain of Nomura believes that there are a number of synergies between the two (Future Retail and Hypercity) given primary focus on food/grocery and fashion. About 40-65 per cent of merchandise for the two retailers falls in the grocery segment, while the proportion of fashion/apparel is in the 17-30 per cent range. Given the higher focus of both retailers on private labels in the foods business this should help boost margins of Future Retail going ahead and improve sourcing of products (Premium Harvest, Tasty Treat among others) from sister concern Future Consumer. Finally, with its asset-light strategy Future Retail would be able to expand the footprint of HyperCity which the current management has been unable to do, says Jain of Nomura.An ...