Future Consumer

World Consumer Rights Day 2024: History, Theme, Importance, and more

World Consumer Rights Day is marked on 15 March of every year. The day is observed for creating awareness about the rights of all consumers against fraud, discrimination, and other such practices

Updated On : 15 Mar 2024 | 7:02 AM IST

Future Consumer defaults on payment of Rs 133 crore towards debentures

Future Consumer Ltd (FCL) has defaulted on the payment of Rs 132.97 crore towards payment of principal and interest of Non-Convertible Debentures (NCD) issued by the company to CDC Emerging Markets. FCL had defaulted on payment towards interest amount of Rs 32.97 crore and principal amount of Rs 100 crore, according to a regulatory filing by the FMCG arm of the debt-ridden Future Group on Friday. "The company has been unable to service its obligations towards payment of principal and interest due on unlisted Non-Convertible Debentures issued by the company to CDC Emerging Markets Ltd," it said. The default happened on February 15, 2024. Future Consumer had sought deferment for payment of principal and interest amount due towards NCDs, the filing added. It had NCDs of Rs 200 crore for a tenure of seven years with a coupon rate of 11.07 per cent per annum. This was applicable from the date of allotment, which is February 15, 2018. FCL, part of the Kishore Biyani-led Future Group, i

Updated On : 19 Feb 2024 | 4:02 PM IST

Future Consumer defaults on Rs 369.59 cr loan repayment in July-Sep

Future Consumer Ltd (FCL) has defaulted on the payment of Rs 369.59 crore towards principal and interest on loans from banks, financial institutions and unlisted debt securities in the September quarter. FCL, the FMCG arm of the debt-ridden Future Group, had defaulted on Rs 253.95 crore loans and revolving facilities like cash credit from banks and financial institutions as on September 30, a filing said on Thursday. The default amount for unlisted debt securities such as Non-Convertible Debentures (NCDs) and Non-Convertible Redeemable Preferential Shares (NCRPS) is Rs 115.64 crore for the quarter, as per the regulatory disclosure. FCL's total financial liabilities is Rs 468.12 crore, including short-term and long-term debts. This includes Rs 266.80 crore debt from banks and financial institutions and Rs 201.32 crore from NCDs and NCRPS, the filing added. However, FCL added it is "is planning/working for asset monetization and debt reduction over the period in this year". FCL, pa

Updated On : 05 Oct 2023 | 5:22 PM IST

Reliance Retail contributed over 63% of sales of Future Consumer in FY22

Reliance Retail was the largest customer of Future Consumer Ltd (FCL) in FY22, contributing 63.06 per cent of its sales, according to the annual report of the Kishore Biyani-led Future group's FMCG arm. FCL is engaged in the business of sourcing, manufacturing, branding, marketing and distributing food and processed food items and health and personal care (HPC) products. In the annual report, the list of top customers who individually contribute more than 10 per cent of FCL's total revenue mentions only two companies -- Reliance Retail and FRL -- which together contributed Rs 854.22 crore of its total revenue of Rs 970.08 crore, or nearly 88 per cent. Reliance Retail contributed Rs 611.75 crore, said the report, adding that the failure of the Rs 24,713 crore deal with Reliance Group in April this year had a significant impact on its business. Future group's flagship company Future Retail (FRL), now facing insolvency proceedings, contributed Rs 242.47 crore, which is around 25 per .

Updated On : 04 Sep 2022 | 10:40 PM IST

Future Consumer Ltd defaults on Rs 52-crore debenture repayments

Future Consumer Ltd (FCL) has defaulted on the payment of Rs 51.85 crore towards principal and interest due on non-convertible debentures, a regulatory filing said on Tuesday. The default which happened on August 15, 2022, includes an interest amount of Rs 10.73 crore and a principal Amount of Rs 41.12 crore, FCL said a regulatory filing. "The Company has been unable to service its obligations towards payment of the amount of principal and interest due on unlisted Non-Convertible Debentures issued by the Company to CDC Emerging Markets Ltd," said FCL. The default is on the amount issued for a sum of Rs 200 crore. This was allocated on February 15, 2018, with a coupon rate of 11.07 per cent per annum. As of June 30, 2022, the total financial indebtedness of FCL including short-term and long-term was Rs 446.82 crore. FCL is in the business of manufacturing, branding and distributing FMCG food and processed food products. It was part of the 19 group companies operating in retail, ..

Updated On : 16 Aug 2022 | 11:15 PM IST

Future Consumer Q1 net loss widens to Rs 95.14 cr, revenue down 65%

The company had posted a net loss of Rs 31.54 crore in the April-June quarter a year ago, said FCL, the FMCG arm of the Future group, in a BSE filing.

Updated On : 12 Aug 2022 | 8:38 PM IST

Future Consumer Q4 net loss widens to Rs 346 cr, revenue dips 32%

Future Consumer Ltd (FCL), the food-led FMCG company of debt-ridden Future Group, on Friday reported widening of its net loss to Rs 346.23 crore for the fourth quarter ended March 31, 2022. The company, which posted a net loss of Rs 155.12 crore in the January-March quarter a year ago, said due to the impact of COVID-19 and insolvency proceedings against its main customer Future Retail Ltd, there is a material uncertainty over the group's ability to continue as a going concern. Its revenue from operations was down 32.03 per cent to Rs 262.54 crore during the period under review, as against Rs 386.26 crore in the corresponding period last fiscal, FCL said in a regulatory filing. FCL's total expenses were at Rs 533.43 crore, up 6.67 per cent in Q4/FY 2021-22, as against Rs 500.06 crore. For the fiscal year ended March 2022, FCL's net loss was at Rs 449.75 crore. It had a net loss of Rs 483.30 crore in the previous year. However, its revenue from operations was at Rs 1,468.78 crore i