THE FUTURE NEEDS A CHANGE

Future Retail’s Home Town is changing format to stock only goods that the customer can carry. Home-delivery goods such as heavy furniture is no longer being stocked

Future Retail has accumulated debt of

`5,000 crore

Last year it had demerged the Pantaloon unit to the Aditya Birla Group

In Oct-Dec, Future Retail had a standalone net profit of `22 crore. Profit before tax was just `1 crore in the quarter