CNBC-TV18’s Nisha Poddar is in conversation with Kishore Biyani of Future Group, Ashni Biyani of Future Consumer and Avni Biyani of Future Retail. They shared their views and outlook on the impact of private equity play on family business.
In an interview with CNBC-TV18, Kishore Biyani, CEO, Future Group spoke about demonetisation impact, integration of food business, retail growth, listing of Home Town business etc.
Speaking to CNBC-TV18, Kishore Biyani said that the Future Consumer, a part of the Future group is eyeing a growth target of more than 80 percent.
Following Future Group's tie-up with Patanjali, Kishore Biyani has been upbeat about a lot of things: the retail space which has done well in the first two weeks of April, the no-threat from e-commerce and the growth of Future Consumer Enterprise.
Future Group's next-generation head Ashni Biyani says all eyes are on how the government intends to improve liquidity in the market.
Kishore Biyani, founder & group chief executive officer, Future Group, says he is comfortable with the current debt levels as Future Consumer is now a debt-free business while Future Lifestyle Fashion has a debt to EBITDA of less than three times.
Pankaj Jaju of Axis Capital explains to CNBC-TV18 that Pantaloon Retail and Future Ventures win on the demerger of the fashion business, Future Fashion