Future Retail has reported an over two-fold jump in its standalone net profit at Rs 147.85 crore for the quarter ended June 30, 2017 on account of higher income. The company had posted a net profit of Rs 70.55 crore during the April-June quarter of the previous fiscal. Total income during the quarter under review grew 18.12 per cent to Rs 4,707.44 crore as against Rs 3,985.22 crore in the year ago period. The company’s board has approved demerger of its Home Retail business undertaking to Praxis Home Retail Ltd. – Business Standard