Kishore Biyani-led Future Retail Ltd on Thursday reported a 16.72 percent decline in consolidated net profit at Rs 164.56 crore for the third quarter ended December. The company had reported a net profit of Rs 197.60 crore in October-December quarter a year ago, Future Retail said in a regulatory filing.
According to a PTI report: Total income fell 3.07 percent to Rs 5,208.89 crore during the quarter under review from Rs 5,374.12 crore in the corresponding quarter last year.
Total expenses were 2.58 percent lower at Rs 5,042.46 crore as compared with Rs 5,176.52 crore a year ago.
Future Retail has a network of 1,500 stores in over 400 cities. Its hypermarket and supermarket business is led by Big Bazaar, Big Bazaar GEN NXT, HyperCity, Foodhall, fbb, Food Bazaar, Easyday Club and Heritage Fresh.