Future Retail operates 538 Easy Day and Heritage Fresh neighbourhood stores, at present. In an investor's update, the company said that it is looking at operating 4,000 such stores in 3-5 years.
In an interview to CNBC-TV18, Rakesh Biyani, Joint MD, Future Retail spoke about the results and his outlook for the company.
The total income from operations of the company increased to by about 25 per cent to Rs 4483.84 crore during the period under review, from Rs 3578.08 crore in the same period previous fiscal.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Marico and can sell Tech Mahindra and Crompton Greaves.
Yes Securities has recommended accumulate rating on Future Retail with a target price of Rs 410 in its research report dated May 08, 2017.
Nomura has initiated coverage on the stock with a buy rating. It has set a target price of Rs 476, implying 46.6 percent potential upside.
Board approves segregation of home retail business via demerger. The home retail business is to be demerged into Praxis Home Retail.
On March 31, 2017 Bennett Coleman & Co bought 41,00,000 shares of Future Retail.
Himanshu Nayyar, VP-Consumer & Retail at Systematix Shares & Stocks likes Aditya Birla Fashion over Arvind.
Himanshu Nayyar, VP-Consumer & Retail at Systematix Shares & Stocks is of the view that one may prefer Aditya Birla Fashion and Future Retail from the retail sector.
Despite being the poster boy of organized retail, Future Retail’s operational efficiency is nowhere close to that of D-Mart’s.
V-Mart Retail, V2 Retail and Shoppers Stop fall between 2 and 10 percent intraday on Tuesday after D-Mart saw a stellar listing.
Future Group will become debt free in less than 4-5 years and has completed the reorganisation of businesses and is working towards strengthening the balance sheet to grow faster.
At Rs 295-299 per share, the Initial Public Offering of Avenue Supermarts - the parent of retail chain D-Mart - has been priced to perfection, according to Sanjiv Bhasin of IIFL.
Homegrown retail major Future Retail today said it is considering various options with regard to sale of its home furnishing business 'Hometown'.
SP Tulsian of sptulsian.com has given a subscribe call on the D-Mart IPO and feel it is an extremely good issue. He also maintained a positive stance on UP based sugar stocks on increase in sugar production of 17 percent this year from previous year.
In an interview to CNBC-TV18 SP Tulsian, sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Although Future Retail has risen more than 50 percent since its August 2016 re-listing, driven by initial signs of strengthening fundamentals and a shift in management focus to capital efficiency and growth, the research firm expects further upside as the restructuring allows the value of the retail business to emerge.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Tata Communications, Shiva Cement, Idea Cellular, HPCL, ONGC, Future Retail and Bharti Airtel.
State-run BHEL and telecom major Idea Cellular will move out of National Stock Exchange's Nifty 50 index from March 31.
Noted fund manager Porinju Veliyath who turned bullish on Future group, and in particular, Future Consumer, says the share rally in group stocks is just the start.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com gave his outlook on BHEL, Amtek Auto, Future Retail and MRPL.
The company had posted a net profit of Rs 53.83 crore in the October-December period of the previous fiscal.
Demonetisation effort of government are very positive, believes Porinju Veliyath, MD & Portfolio manager of Equity Intelligence India. Investors can look at companies that have been impacted due to dmeonetisation.
Stressing on the retail sector's expectations from Budget 2017, Rakesh Biyani, Joint managing Director of Future Retail told CNBC-TV18 that the government must simplify retail trade policy.