Future Consumer Ltd Reports Narrowed Q1 Loss but Faces Liquidity Crunch

Future Consumer Ltd (FCL) reported a reduced consolidated loss of Rs 15.79 crore for the June 2024 quarter. The FMGC arm of Future Group had earlier reported a Rs 24.40 crore loss in the same period last year. Despite higher revenue, FCL is grappling with significant liquidity issues and mounting losses.

Future Consumer Ltd (FCL) on Wednesday reported a narrowing of its consolidated loss to Rs 15.79 crore for the June 2024 quarter, down from Rs 24.40 crore a year ago.

The FMCG arm of the debt-ridden Future Group saw revenues rise by 19.86% to Rs 106.39 crore in the same period, compared to Rs 88.76 crore last year.

However, total expenses rose by 9.4% to Rs 125.81 crore during this quarter, further straining the group's financial health. The company disclosed it faces a significant liquidity crunch impacting its operations. Accumulated losses as of June 30, 2024, stand at Rs 1,921.94 crore, with current liabilities exceeding current assets by Rs 426.71 crore.