Future Consumer Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2017

1. The Company adopted Indian Accounting Standards (“Ind AS”) from April 1, 2016 and accordingly these financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS -34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued there under and the other accounting principles generally accepted in India. Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS - 34.

2. The name of the Company has been changed from Future Consumer Enterprise Limited to Future Consumer Limited w.e.f. October 13, 2016 does not suggest a new line of business. Hence additional information required in terms of regulation 33 (1)(e) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 with regard to change in name of a Company is not required to be given.

3. The paid up equity share capital of the Company is Rs. 99,479.53 lakhs as at March 31, 2017 (as at March 31, 2016: Rs. 99,446.52 lakhs) which includes an amount of Rs. 913.30 lakhs (as at March 31, 2016: Rs. 691.98 lakhs) in respect of 15,221,634 equity shares (as at March 31, 2016: 11,532,988 equity shares) of Rs 6 each held by the ESOP trust and yet to be exercised. These shares are treated as treasury shares under Ind AS - 32 and the paid up capital has been reduced, for the purpose of this disclosure, to arrive at the paid up equity share capital shown above.

4. The Company is engaged in the business of Branding, Manufacturing, Processing, Selling and Distribution of “Consumer Products” which constitutes a single reporting segment. Hence there is no separate reportable segment as per Indian Accounting Standard - 108 'Operating Segments'.

5. During the current quarter, the Company has acquired additional shares in Aadhaar Wholesale Trading and Distribution Limited, The Nilgiri Dairy Farm Private Limited, Genoa Rice Mills Private Limited, Future Food Processing Private Limited, Future Food and Products Limited and Aussee Oats Milling (Private) Limited vide issue of shares by the Investee Companies and / or conversion of Inter corporate deposits (ICDs).

6. Disclosures under regulation 52(4) and 54(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in respect of Non-Convertible Debentures issued by the Company are given in Annexure A.

7A. A reconciliation of the standalone financial results to those reported under previous Generally Accepted Accounting Principles (GAAP) are summarized as follows:



Particulars Notes For the Quarter ended March 31, 2016 (Rs. In lakhs) For Year ended March 31, 2016 (Rs. In lakhs)

Loss After tax as reported under previous GAAP (1,296.43) (6,355.01)

Impact of measuring investments at Fair Value through Profit or Loss (FVTPL) A 41.10 161.70

Measurement of financial guarantee contracts issued (net of tax) B 12.86 40.81

Impact of recognising the cost of Employee stock option scheme at Fair Value C 25.47 (245.09)

Reversal of Depreciation / Amortisation D 611.15 1,735.79

Measurement of Financial Liability at Amortised Cost using Effective Interest Rate (EIR) Method E (753.71) (1,039.49)

Accounting of business combination under Ind AS F (88.42) (88.42)

Remeasurement of defined benefit obligation recognized in other comprehensive income (net of tax) (59.70) (59.70)

Loss after Tax as reported under Ind AS (1,507.68) (5,849.41)

Other comprehensive for the year (Net of tax) 59.70 59.70

Total Comprehensive income under Ind AS (1,447.98) (5,789.71)



8. Figures for the quarter ended March 31, 2017 and March 31, 2016 are the balancing figures between audited figures in respect of the full financial years ended on those dates

9. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 26, 2017.

10. The Company has re-aligned its business by way of shifting the operations of convenience stores to be undertaken under a Franchisee model in the last quarter of the previous

11. The financial results will be available on the Company's website - www.futureconsumer.in, and on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com).