Kishore Biyani’s Future Group is among the retailers that have gained from India’s push to formalise the economy through the cash ban and a nationwide sales tax. Analysts are outright bullish on the top three companies from the group.
None of the 25 analysts tracking Future Retail Ltd., Future Consumer Ltd. and Future Lifestyle Fashions Ltd. recommend a ‘Sell’ on the stock, according to Bloomberg. The group has eight listed companies with a combined market capitalisation of Rs 57,500 crore—five of them are not tracked by a single analyst.
Future Retail operates the flagship Big Bazaar large-format outlets and EasyDay small stores across 300 cities, Future Consumer sells a portfolio of brands in staples, fruits & vegetables, processed foods, home care and personal care to more than 879 Future Retail stores, and Future Lifestyle Fashions retails brands like Lee Cooper, John Miller, Scullers, Jealous 21, Indigo Nation, aLL and Bare. Future Lifestyle also operates Central and Brand Factory outlets.