Investr Update Q4 FY14 (January March 2014)
Brand Business Highlights Grwth and Expansin Opened 3 Exclusive Brand Outlets (EBOs) expanding presence in new cities including Thrissur (Kerala), Ganganagar (Rajasthan), Warangal (Andhra Pradesh) Brand Initiatives Jealus 21 launched an exclusive line f fashin accessries designed by the ppular accessries brand Ayesha The cllectin includes neckpieces, bracelets rings, earrings, belts, scarves, tatts, hair accessries, nail stickers and many mre Available acrss all exclusive Jealus 21 utlets, n www.eshp.jealus21.cm and acrss all Centrals Cnverse teamed up with an indie culture platfrm NH7 t send ne Indian band t New Yrk t recrd at the Cnverse Rubber Tracks studi in Brklyn! This cllabratin will prvide a platfrm fr independent bands t emerge, perfrm and recrd and subsequently release their music t reach wider audiences Manchester United, the clthing and apparel stre, gave its fans and custmers a reasn t cheer fr. It displayed the English Premier League trphy which Manchester United wn fr a recrd 20th time at its Malad stre in Inrbit Mall, Mumbai, DLF Place and Saket in Delhi Fans als gt an pprtunity t meet legendary striker Dwight Yrke
Retail Business Highlights Retail Presence: Operates 4.48 millin square feet f retail space acrss fashin frmats New Stre Openings: Added ~0.07millin sq ft f grss space during the quarter Central pened its fifth stre in Mumbai at Neptune Mall, Bhandup taking the verall stre cunt ges up t 25 all established its presence in in Hubli (Karnataka) with its first stre in the city Als expanded its presence in existing cities with the 3 rd Bangalre stre, 2 nd Klkata stre and 10 th Mumbai stre Planet Sprts strengthened its presence by pening its 9th Mumbai stre and 6th Pune stre Other Highlights Entered Kanpur with its first Planet Sprts stre In March, Central launched its Spring Summer Fashin 2014 cllectin The line fr wmen has a special fcus n dresses, Palazzs and Harem pants In ethnic wear, the md and the clrs are influenced by Sicilian flk art, tribal, desi tadka and mre In casual menswear, slid shirts are the flavr f the seasn supprted by chins and shrts and paired with bat shes and lafers Men s frmal wear cllectin sprts slid shirts with slim fit trusers and Brgues r mnk straps with slim belts cmplete the lk 5 th stre in Mumbai Nagpur Central
Grwing pan India ftprint acrss frmats Ahmedabad Vaddara Surat Mumbai Panaji Chandigarh Ludhiana Delhi & NCR Lucknw Siliguri Jaipur Kanpur Ranchi Bhpal Asansl Indre Klkata Nagpur Raipur Nasik Bhilai Aurangabad Bhubaneswar Pune Visakhapatnam Hyderabad Hubli Mangalre Bengaluru Chennai Guwahati Shillng Stre Netwrk as f 31st March 2014 Retail space Frmat # f stres (mn sq ft) Central 25 2.68 Brand Factry 38 1.28 Planet Sprts 47 0.21 all 34 0.05 EBOs and Others 183 0.25 Grand Ttal 327 4.48 Stres Opened During the quarter Frmat Date f pening Sq. Ft. Lcatin Central 24-Jan-14 51,150 Mumbai Planet Sprts 1-Jan-14 1,100 Mumbai 5-Jan-14 2,009 Pune 24-Jan-14 2,172 Kanpur all 3-Jan-14 970 Hubli 10-Jan-14 875 Bangalre 18-Jan-14 825 Klkata 14-Mar-14 2,343 Mumbai Kchi Mysre Cimbatre During the quarter added ~0.07 mn sq ft resulting in a ttal f 4.48 mn sq ft f retail space
Financial snapsht Financial Highlights During the quarter, the cmpany reprted SSGs f 10.5% fr the Central frmat and 8.2% fr the entire retail business Q4 FY14 being an EOSS quarter, the cmpany witnessed grss margins f 37.8% cmpared t 39.7% in Q3 FY14 SSGs (%) Retail Central The cmpany als witnessed higher perating cst due t ~0.51 millin sq ft additin during H2 FY 14 quarter Ging frward, the new stres are expected t add t the grwth and prfitability f the cmpany 11.4% 13.6% 19.3% 15.2% 7.3% 8.0% 10.5% 8.2% Crprate Actins On 3 rd May 2014, the Bard f Directrs apprved a preferential issue by the cmpany f securities aggregating t apprximately Rs. 300 cr t a grup f investrs cmprising f PremjiInvest and prmters f the cmpany The preferential alltment is subject t sharehlder s apprval and an EGM has been cnvened by the cmpany n 31 st May 2014 On 30 th April 2014, the cmpany annunced alltment f 1,61,332 Equity shares f Rs. 2/- each t eligible emplyee(s) upn their exercise f stck ptin under Emplyee Stck Optin Scheme (ESOS -2013) Upn such alltment, the paid-up equity capital f the Cmpany stands increased t Rs. 30.92cr divided int 15.46cr Equity Shares f Rs. 2/- each Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Net Sales and EBITDA (`cr) Net Sales EBITDA 635 710 679 720 77 76 71 68 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14
Financial perfrmance - Standalne Incme Statement (` cr.) Quarter ended Year ended Particulars Q4 FY14 Q3 FY14 Q2 FY14 Q1 FY14 FY 2014 Net Sales 701 659 690 611 2,661 Other Operating Incme 19 20 20 24 83 Ttal Incme frm Operatins 720 679 710 635 2,744 COGS 447 409 449 392 1,697 Grss Prfit 272 270 261 244 1,047 Grss Margin % 37.8% 39.7% 36.8% 38.3% 38.2% Emplyee Benefits Expense 38 34 30 27 129 Rent including Lease Rental 78 75 71 67 292 Other Expenditures 88 89 84 73 334 Ttal Expenditure 204 198 186 167 755 EBITDA 68 71 76 77 292 EBITDA Margin % 9.4% 10.5% 10.7% 12.1% 10.6% Other Incme 0 140 155 1 296 Other Incme 0 0 1 1 2 Prfit frm sale f investment 0 139 190 0 330 Service Tax Liability 0 0 36 0 36 Depreciatin 302 29 27 27 385 EBIT -234 182 204 51 203 Finance Csts 39 42 42 40 163 PBT -273 141 161 11 40 Exceptinal Items -6 0 0 0-6 Tax expense -92 47 52 4 11 Net prfit -187 93 109 8 23 Depreciatin: During the quarter, the cmpany prvided depreciatin n the basis f estimate useful life f the fixed assets instead f rates prescribed in schedule XIV f Cmpanies Act. Accrdingly extra depreciatin f Rs. 269.79 cr has been prvided in the current quarter. Nte: Standalne results d nt include investee cmpanies Turtle, Clarks, Celi, Hlii, Mineral, Famzi, Tresmde etc. Year ending fr FLFL will be 31 st March. Exceptinal Item represent the Lss f certain inventry frm fire in ne f its distributin centre fr which cmpany has ldged the claim with insurance cmpany, and the assessment by the insurance cmpany is under prcess.
Financial perfrmance - Standalne Balance Sheet (` cr.) As f date Particulars 31-Mar-14 30-Sep-13 Ttal - Sharehlders' Funds 1,291 1,390 Nn-Current Liabilities Lng-Term Brrwings 1,264 935 Deferred Tax Liability (Net) 64 50 Other Lng Term Liability 252 Lng-Term Prvisins 5 4 Ttal - Nn Current Liabilities 1,586 989 Current Liabilities Shrt-Term Brrwings 78 355 Trade Payables 835 548 Other Current Liabilities 142 191 Shrt Term Prvisins 8 60 Ttal - Current Liabilities 1,063 1,154 TOTAL - EQUITY AND LIABILITIES 3,940 3,534 Assets Fixed Assets 1,339 1,380 Lng-Term Lans and Advances 329 277 Ttal - Nn Current Assets 1,668 1,656 Current Assets Curent Investment 379 133 Inventries 1,024 1,132 Trade Receivables 263 222 Cash and Bank Balances 271 47 Shrt-Term Lans and Advances 267 344 Other Current Assets 68 0 Ttal -Current Assets 2,272 1,877 TOTAL - ASSETS 3,940 3,534
Disclaimer The views expressed here may cntain infrmatin derived frm publicly available surces that have nt been independently verified. N representatin r warranty is made as t the accuracy, cmpleteness r reliability f this infrmatin. Any frward lking infrmatin in this presentatin has been prepared n the basis f a number f assumptins which may prve t be incrrect. This presentatin shuld nt be relied upn as a recmmendatin r frecast by Future Lifestyle Fashins Limited. This presentatin may cntain 'frward-lking statements' that is, statements related t future, nt past, events. In this cntext, frward-lking statements ften address ur expected future business and financial perfrmance, and ften cntain wrds such as 'expects, 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' r 'will.' Frward lking statements by their nature address matters that are, t different degrees, uncertain. Fr us, uncertainties arise frm the behavir f financial markets and change in cnsumptin patterns; frm future integratin f acquired businesses; and frm numerus ther matters f natinal, reginal and glbal scale, including thse f an envirnmental, climatic, natural, plitical, ecnmic, business, cmpetitive r regulatry nature. These uncertainties may cause ur actual future results t be materially different than thse expressed in ur frward-lking statements. We d nt undertake t update ur frward-lking statements.