The niche food premium grocery segment for Future Group is at 8 per cent of the overall market. The company believes that the food business is expected to have an organic growth in excess of 20 per cent in next two years.
The company has also launched an offshoot brand of Foodhall called The House of Tea Café. “The current focus is to consolidate and run the existing business more efficiently. We are also planning to take the The House of Tea Café outside the store as independent tea salons. For the upcoming year, we will be focusing on health and organics category in line with global trends. We are also planning to explore the clean label organic skin care segment in some of our premium stores. Pet food and pet care will be another new focus area for next year,” Biyani’s daughter said.
Foodhall along with Big Bazaar, Easyday, and Nilgiri stores are few of the different formats that Future group runs in India. The company hopes to achieve a growth of 50 per cent year-on-year on the back of around 1,300 outlets the Future group has all over the country.
Overall, Future Group plans to earn revenue of Rs 1,000 billion by 2021-22 of which Rs 2 billion by 2021 would be from Future Consumer. It also hopes to open by then around 450 Big Bazaar stores as well as 8,000 small-formats stores. The company claims that by 2027, it will have 9,000 small-format stores. Bullish on the fashion segment, the group believes its two stand-alone fashion retail format stores Central and Brand Factory would also see major expansion.