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Future Lifestyle Fashions financials

Market cap
₹23 Cr
Sector
Consumer Services

What Future Lifestyle Fashions Limited does

Future Lifestyle Fashions Limited is the flagship fashion retail company of the Future Group, running store formats spanning the premium and value ends of fashion retail. It operates department stores under the Central banner, off-price/value outlets under Brand Factory, and single-brand standalone Exclusive Brand Outlets (EBOs). Its integrated model combines retailing of its own brands alongside third-party fashion brands, and it holds stakes in group entities covering athleisure (FLFL Athleisure Limited), footwear (Clarks Reliance Footwear Private Limited, a joint venture) and accessories (Holii Accessories Limited).

Segments

  • Central
  • Brand Factory
  • Exclusive Brand Outlets (EBOs)
Retail stores
180 (Mar-22, across Central, Brand Factory & EBOs)
Retail area
2.5 million sq ft (Mar-22)
Exclusive Brand Outlets (EBOs)
141 (Mar-22)
Brand Factory stores
28 (Mar-22)
Central stores
11 (Mar-22)
Permanent employees
3,841 (as of 31-Mar-2022)
Headquarters Mumbai, MaharashtraEmployees 3,841 (FY22) Company website

Quarterly results

Q2 FY23: revenue down 78.7%, net profit up 96.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ3 FY21Q4 FY21Q1 FY22Q2 FY22Q3 FY22Q4 FY22Q1 FY23Q2 FY23
Revenue950 832 298 833 1,255 +32%607 −27%273 −8%178 −79%
EBITDA43 77 -99 19 117 +176%-648 −942%-2 +98%-18 −196%
Net profit-174 -149 -348 -209 -112 +36%-1,880 −1162%-136 +61%-8 +96%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −26.6% 1Y

₹1.20₹1.40₹1.60₹1.80Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹1.58 on 10 Sept 2025 → ₹1.16. High ₹1.9 (19 Sept 2025), low ₹1.12 (25 Aug 2026).

Financials, as filed

Revenue grew 31.5% a year over 1 year, FY21 to FY22. Operating margin narrowed to -20.4%.

Year endingFY21FY22
Revenue₹2.3k Cr₹3.0k Cr
Operating profit₹-43 Cr₹-610 Cr
Operating margin-1.9%-20.4%
Interest₹350 Cr₹322 Cr
Depreciation₹598 Cr₹613 Cr
Net profit₹-933 Cr₹-2.5k Cr
Net margin-41.0%-85.1%
Cash from operations₹303 Cr₹683 Cr
Free cash flow₹235 Cr₹673 Cr
ROCE-13.0%-73.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY17FY18FY19FY20FY21FY22
Equity capital₹38 Cr₹38 Cr₹39 Cr₹40 Cr₹40 Cr₹40 Cr
Reserves₹1.3k Cr₹1.5k Cr₹1.8k Cr₹1.6k Cr₹661 Cr₹-2.1k Cr
Borrowings₹682 Cr₹783 Cr₹904 Cr₹2.8k Cr₹3.0k Cr₹1.6k Cr
Other liabilities₹1.5k Cr₹1.5k Cr₹2.3k Cr₹2.9k Cr₹2.6k Cr₹4.2k Cr
Total liabilities₹3.6k Cr₹3.8k Cr₹5.1k Cr₹7.3k Cr₹6.2k Cr₹3.8k Cr
Fixed assets₹740 Cr₹924 Cr₹1.3k Cr₹2.7k Cr₹2.3k Cr₹422 Cr
Capital work in progress₹190 Cr₹290 Cr₹158 Cr₹178 Cr₹61 Cr₹59 Cr
Investments₹216 Cr₹217 Cr₹349 Cr₹345 Cr₹323 Cr₹32 Cr
Other assets₹2.5k Cr₹2.4k Cr₹3.3k Cr₹4.1k Cr₹3.5k Cr₹3.3k Cr
Total assets₹3.6k Cr₹3.8k Cr₹5.1k Cr₹7.3k Cr₹6.2k Cr₹3.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Dec 2022

Since Dec 2021, the public added +7.11 pp while DIIs trimmed −6.92 pp. The shareholder count grew 10% to 75,476.

Promoters
20.3%
FIIs
19.9%
DIIs
7.0%
Public
52.5%
Others
0.2%

Since Dec 2021

  • Public +7.11 pp
  • DIIs −6.92 pp
  • FIIs −0.13 pp

How it drifted, 12 quarters

Over this window the public went from 12.5% to 52.5% — +40.0 pp.

Mar '20Jun '21Dec '22

Ownership split by quarter, oldest first. Mar '20: Promoters 45.8%, FIIs 22.8%, DIIs 18.8%, Public 12.5%, Others 0.2%.Jun '20: Promoters 45.8%, FIIs 22.9%, DIIs 18.6%, Public 12.6%, Others 0.2%.Sep '20: Promoters 20.4%, FIIs 21.1%, DIIs 14.0%, Public 44.3%, Others 0.2%.Dec '20: Promoters 20.4%, FIIs 20.4%, DIIs 14.0%, Public 45.1%, Others 0.2%.Mar '21: Promoters 20.4%, FIIs 20.0%, DIIs 14.0%, Public 45.5%, Others 0.2%.Jun '21: Promoters 20.4%, FIIs 19.9%, DIIs 14.0%, Public 45.5%, Others 0.2%.Sep '21: Promoters 20.4%, FIIs 20.1%, DIIs 13.9%, Public 45.4%, Others 0.2%.Dec '21: Promoters 20.4%, FIIs 20.1%, DIIs 13.9%, Public 45.4%, Others 0.2%.Mar '22: Promoters 20.4%, FIIs 20.0%, DIIs 13.9%, Public 45.5%, Others 0.2%.Jun '22: Promoters 20.4%, FIIs 19.9%, DIIs 13.9%, Public 45.6%, Others 0.2%.Sep '22: Promoters 20.4%, FIIs 19.9%, DIIs 11.8%, Public 47.7%, Others 0.2%.Dec '22: Promoters 20.3%, FIIs 19.9%, DIIs 7.0%, Public 52.5%, Others 0.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Dec 2022 filing

Every holder of Future Lifestyle Fashions Limited above SEBI's 1% disclosure line, and what changed since Sep 2022.

HolderStakeChange
Vistra Itcl India Limited 25.40%unchanged
Ryka Commercial Ventures Private Limited 18.39%unchanged
Spectacular Investments Pte Ltd FPI fund9.62%unchanged
Life Insurance Corporation Of India Insurer7.02%unchanged
BTO FPI III Pte.Ltd. FPI fund5.79%unchanged
Bennett Coleman And Company Limited 3.81%unchanged
Apollo India Private Equity IV (Mauritius) Limited VC / PE3.21%unchanged
RSCL Trading Private Limited 1.89%unchanged
Timf Holdings FPI fund1.07%unchanged
Future Corporate Resources Pvt Ltd 0.02%unchanged
Ashni Kishore Biyani 0.01%unchanged
Surplus Finvest Private Limited 0.00%−0.08 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Future Lifestyle Fashions Limited

Guides on how to read this kind of business and the numbers that matter.