Trent Ltd Q3 net profit rises 34 percent to Rs 497 crore

Tata Group firm Trent Ltd reported a 34 percent increase in net profit to Rs 497 crore ($56.78 million) for the third quarter ended December 2024, as against Rs 371 crore in the year ago quarter.

The company’s revenue for the quarter stood at Rs 4,657 crore, as against Rs 3,467 crore in the corresponding quarter of the previous fiscal year.

Trent’s emerging categories that include beauty & personal care, innerwear and footwear continued to gain traction with customers contributing over 20 percent to its revenue.

Commenting on the results, Noel N Tata, chairman of Trent Ltd in a statement said, “We remain on track to strongly expand our reach and at the same time improve the quality of our store portfolio. The strong store opening program this year together with other levers keeps our growth journey on track. The value proposition of our brands continues to resonate well with customers across geographies as reflected in the encouraging results.”

“Our fashion portfolio continues to be differentiated by disciplines & choices. The market opportunity associated with building brands and a pure play direct-to-customer business like ours remains immense,” he added.

During the quarter, Trent opened 14 Westside and 62 Zudio stores across 46 cities including 1 in Dubai. The company operated 238 Westside, 635 Zudio and 34 stores across other lifestyle concepts as of December 31, 2024.