Future Group's Kishore Biyani expects 33% growth in retail business in FY19

Kishore Biyani's Future Group is expecting Rs 400 billion revenue from its retail business in 2018-19.

Expansion of the store network under various formats and product launches would fuel the growth from around Rs 300 billion in this financial year, said Biyani, group chief executive.

The group has four listed retail entities -- Future Retail, Future Lifestyle Fashion, Future Consumer and Future Enterprises. Their combined revenue was Rs 286 bn in 2016-17. Biyani expects the retail businesses to show 33 per cent growth in FY19, as compared to five per cent this financial year.

Adding South India's staple, rice, to its food product