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Last Updated : Sep 30, 2019 04:16 PM IST | Source: CNBC-TV18

Future Group to become debt free in next 4-5 years: Kishore Biyani

Future Group will become debt free in less than 4-5 years and has completed the reorganisation of businesses and is working towards strengthening the balance sheet to grow faster.


future Group will become debt free in less than 4-5 years and has completed the reorganisation of businesses and is working towards strengthening the balance sheet to grow faster. The group is looking to return investors 20 percent return on capital every year, says Kishore Biyani, CEO of Future Group.

Speaking to CNBC-TV18, Biyani said that he expects an 80 percent growth in Future Consumers which has built multiple products and brands having its own distribution system that is coming on stream this year. The company has launched new brands and started many factories which are operating at full capacity. Future Consumer to see revenue crossing to Rs 20,000 crore by 2020-2021.

Future Retail is likely to have sales of Rs 20,000 crore in next financial year and will be growing at 25-30 percent in the next 2-3 years, he said.

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First Published on May 5, 2019 07:30 am
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