Reliance Retail Contributed Over 63% Of Sales Of Future Consumer In FY22

According to FCL, in FY22 it primarily focused on portfolio expansion and gaining market share. Its business operations ‘with Reliance group by way of supply goods to Reliance stores and Seven Eleven stores provided the potential for higher sales and capacity utilisation.’

‘However during the end of the fiscal period under review, the failure of Scheme of Arrangement with Reliance and the consequential impact on Future Retail stores had a significant impact on the business and overview on future performance,’ it added.