Sales to normalise by Jan-end, getting orders from Jio Mart: Kishore Biyani

Future Group expects normal sales to return for its retail vertical by the end of January, almost a year after the business was severely hit by pandemic-related disruptions, its founder and Group CEO Kishore Biyani said.

Speaking to PTI, Biyani said Future Group – which operates popular retailing formats like Big Bazaar, FBB, Central and Nilgiris – has seen sales touching almost 60 per cent of the pre-COVID levels and that business has normalised “to a great extent”.

Moreover, stocks in the stores are almost up to 80 per cent of what they were before the pandemic, he added.

Future Group, which had entered into a Rs 24,713-crore deal with billionaire Mukesh Ambani-led Reliance Industries to sell its retail business, has also received large orders from Jio Mart that is helping the retail major chart a strong comeback.