Future Group promoter Kishore Biyani is looking for a healthy growth in the current fiscal. Biyani is targeting a revenue growth of around 30-40% in FY12.
In an interview to CNBC-TV18, Biyani said that the group has seen good growth in stores sales which is driven by modern growth. “Our consumers are also maturing. The proportion of good products, which is entry point, is still 25% of our sales. Our density in stock keeping has increased because we are selling branded products as well,” he explained.
He said further that the group is planning to raise ticket sizes as it has posted double-digit growth. Biyani also added that the group’s debt equity ratio is around 1:1.1 while average maturity of debt is 3.5 years.
Despite the high inflationary pressure, Bayani said that it is not a matter of worry for the group and is confident of handling input cost pressures.
Going forward, he said that the group will be relaunching ‘new way’ of shopping by July and are in talks with strategic investors. As per media reports, retail giant Walmart is interested to pick up a stake in Future Group. Reports also suggest that senior officials of Future group and Walmart have met at least five times in the past four months.
In India, Walmart has a joint venture partnership with the Bharti group. Since the partnership is 'non-exclusive' in nature, Walmart can also forge other alliances in India.
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