Future Retail Ltd.

NSE: FRETAIL | BSE: 540064 | ISIN: INE752P01024 | Industry: Department Stores
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Q1FY19 Result Update - SSG disappoints, Acquisitions near term drag

Prabhudas Lilladhar
EBIDTA margins up 40bps despite headwinds in Easyday and HyperCity We are cutting FY19 and FY20 EPS estimates of FRL by 6%-9% following lower than expected profits in 1Q due to 1) lower sales due to impact of GST, Ezone and Hometown in base and Hypercity renovation 2) Pressure on small...
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