Future Group expects fashion business to grow 30% in FY18

Kolkata March 18 (IANS) The Future Group is expecting its fashion business to grow 30 per cent in the next financial year to touch Rs 10 000 crore a top company official said on Saturday.

We expect our fashion business to grow by 30 per cent in FY18 and it is expected to touch Rs 10 000 crore in the next year Group CEO Kishore Biyani said here.

The group is also expecting to sell 20 crore-23 crore garments by March 2018 and more than 80 crore garments in the next 4-5 years he said.

The group which has about 300 fbb stores has planned to open an additional 80 outlets in the next financial year.

We will be reducing prices by 3-5 per cent of the garments what you see today he said at the opening of the country s largest store here.

--IANS
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