Future Retail Ltd.

NSE: FRETAIL | BSE: 540064 | ISIN: INE752P01024 |Industry: Department Stores
|Weak Stock
71.20 1.80 (2.59%)
NSE Oct 29, 2020 15:31 PM
Volume: 4.1M

Future Retail Ltd.    
07 Nov 2017

Q2FY18 Result Update - Robust growth continues: BUY

Prabhudas Lilladhar
increased to 4.7% (up 160bps YoY and 20bps QoQ) as operating leverage has reducedcostofretailby70bpsYoY,up40bpsQoQ(salespreGST).Inventoryat79 days (80days in March 2017) and Net debt of Rs9.6bn (Rs9.2bn in March 2017) showssustainabilityofoperations.Weexpectmarginexpansiontosustainledby fullsetoffininputtaxes,efficienciesinsupplychain,operationalimprovementin easydayandEZonerestructuring.WebelieveHypercityacquisitionwillcontribute positivelypostFY18andaccumulatedlossesofRs7.5bnwillprovidetaxshield.We estimate52%PATCAGR(atmarginaltaxrate)overFY1720andvaluethestockat...
Institutional Investors have decreased their holdings by 11.22% of holdings in Sep 2020 qtr.
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