Future Retail has set aside Rs 300-500 crore for capital expenditure in FY16 and this will be funded through a mix of equity, debt and internal accruals.
After posting a standalone net profit of Rs 74 crore and 12 percent growth in total income at Rs 10,368 crore in 2014-15, the owner of formats like Big Bazaar, e-Zone and HomeTown is looking to emerge as the largest player in the hypermarket segment.
Moreover, the company is planning to add 50 hypermarkets this year, which comprises 35 Big Bazaar stores and 15 stores belonging to Bharti Retail, which will get converted into Big Bazaar.
Future Retail (formerly known as Pantaloon Retail (India)) is India’s leading retail chain and part of Indian conglomerate Future Group. It operates retail space spread over more than 11 million square feet.
