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Biyani-led Future Retail's profit rises 109% to ₹148 crore
short by Krishna Veera Vanamali / on Tuesday, 8 August, 2017
Future Retail, the retail arm of Kishore Biyani-led Future Group, reported a 109% year-on-year increase in net profit to ₹147.85 crore for the June quarter. The company, which includes six retail formats including Big Bazaar, reported an 18% year-on-year increase in revenue to ₹4,707 crore. Notably, Big Bazaar, the second largest format in the company, reported sales growth of 15.9%.
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