Trent Ltd Q2 net profit rises 47 percent to Rs 335 crore

Trent Ltd, a fashion retailer from Tata Group reported a 47 percent jump in consolidated net profit at Rs 335 crore ($39.7 million) for the quarter ended September 30, as against net profit of Rs 228 crore in the year-ago period.

The company’s revenue for the quarter increased by 39 percent to Rs 4,157 crore, as against Rs 2,982 crore in the corresponding quarter of the previous fiscal year.

During the July-September quarter, Trent opened 7 Westside and 34 Zudio stores (including 1 in Dubai) across 27 cities.

Commenting on the results, Noel N Tata, chairman of Trent Limited in a statement said, “Consumer sentiment has remained relatively muted. This coupled with seasonality has meant that retail businesses have faced headwinds. In the forgoing context the team has delivered strong results across brands, concepts, categories and channels in Q2.”

“The market opportunity associated with building brands and a pure play direct-to-customer business like ours remains immense. We continue to pursue our expansion programme and deepen our store presence with the aim of being ever closer and convenient to customers. Also, we seek to explore additional avenues of growth,” he added.

Trent Ltd’s store portfolio included 226 Westside, 577 Zudio and 28 stores across other lifestyle concepts as of September 30, 2024.