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Future Retail's losses widen in Q2 as expenses rise

The retailer's revenue was up by 66.3 per cent in the quarter at Rs. 2,369 crore

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2 min read Last Updated : Nov 15 2021 | 11:09 PM IST

Future Retail’s (FRL’s) losses widened in the July-September quarter (second quarter, or Q2) of 2021-22 (FY22) as expenses rose in the quarter. The retail chain reported a net loss of Rs. 1,117 crore in Q2FY22, compared with a loss of Rs. 692.4 crore in the corresponding quarter a year ago. Its overall expenses in the quarter was up 60.4 per cent at Rs. 3,500.8 crore.

The company also reported an operating loss of Rs. 339 crore, compared with an operating profit of Rs. 47 crore in the year-ago quarter.

However, the retailer’s revenue was up by 66.3 per

Topics : Future Retail Q2 results Retail

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