Future Retail has reported a net profit of ₹66 crore for the first quarter ended June 2014 against a loss of ₹8 crore for the corresponding period a year ago.
The company’s total standalone income from operation stood at ₹2,368 crore against ₹2,256 crore a year ago, a company statement said.
It reported EBITDA margins of 10.6 per cent, an expansion of around 196 bps compared to quarter ended June 2013, largely due to increase in gross margins and space and cost optimisation.
The same-store sales growth for value business that primarily operates Big Bazaar is 9.2 per cent, while that for home and consumer durables chains Home Town and eZone is 5.5 per cent.
The total gross addition during the quarter was 0.12 million sq feet and total operational area increased to 10.36 million sq ft.