Future Lifestyle Fashion (FLF or the Company), one of India’s largest integrated fashion companies, has been among the most consistent performers in the fashion industry in India. It has a 4-year compounded annual growth rate (CAGR) of 17.2% in revenue, including 9.0% same-store sales growth, and 18.6% in earnings before interest, taxes, depreciation and amortization (EBITDA) or operating profit. Its store-level economics compare very favourably with other fashion retailers in India, with capital efficiency metrics such as Return on Capital Employed at ~14%. The Company’s leverage is only 1.5x its EBITDA, a key measure of the health of its balance sheet. The core businesses of FLF are all cash flow positive and the Company does not require any external funds to achieve the planned growth and expansion that its largely independent board has set out for it.
Future Lifestyle Fashion (FLF or the Company), one of India’s largest integrated fashion companies, has been among the most consistent performers in the fashion industry in India. It has a 4-year compounded annual growth rate (CAGR) of 17.2% in revenue, including 9.0% same-store sales growth,... (more)
