Future perfect for Kishore Biyani after restructuring

Most group stocks witness steep year-to-date appreciation as rally is backed by fundamentals

When Kishore Biyani sold his flagship business Pantaloons to Aditya Birla Nuvo in 2012, there were questions on where growth would come from. Five years later, and much to the surprise of his critics, Biyani’s Future Group has only resurfaced stronger, leaner and more appealing to investors. And it has carved its businesses into five listed entities.
 
Future Retail houses the core retail business, while Future Consumer and Future Lifestyle Fashions hold the proprietary brands for fast moving consumer goods (such as Karmiq, Tasty Treat, Kosh and Care Mate) and apparels (Central, Brand Factory, Plant Sports, All, Scullers and