Future Retail may report a loss of Rs 17.9 crore during October-December quarter against loss of Rs 8 crore in previous quarter, according to a CNBC-TV18 poll.
Total income may fall 0.4 percent to Rs 2,535 crore in December quarter from Rs 2,546 crore in September quarter. Operating profit is seen declining 3.7 percent sequentially to Rs 255 crore and margin may dip 30 basis points to 10.1 percent in Q3.
The current quarter numbers are not comparable with the same quarter last year due to demerger of Pantaloon Format. Expectations from the results-Analysts expect high single digit same-store-sales growth at around 8-9 percent-As new stores were added more towards the latter part of the September quarter, analysts expect rentals and other expenses to increase in subsequent quarters, including the December quarter.-Margin may be under pressure on account of gross margin decline-Space addition may remain muted-Bottomline losses may continue due to high interest costs.
Future Retail closed its Rs 1,600 crore rights issue on January 29, 2015, which may be used to repay debt.
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