Trent Ltd reported a 45 percent jump in net profit to Rs 167 crore ($20.8 million) for the April-June quarter, as against a net profit of Rs 115 crore in the same quarter of the previous financial year.
The company’s revenue for the quarter rose by 46 percent to Rs 2,628 crore, as against Rs 1,803 crore posted in the year-ago period.
Commenting on the results, Noel N Tata, chairman of Trent Limited in a statement said, “Our lifestyle offerings across concepts, categories and channels continue to witness strong momentum in Q1FY24. We continue to see growing relevance for our offerings, resilience in our business model choices and attractiveness in our differentiated platform.”
“We will further expand our reach with vigour with the aim of being ever more proximate and convenient to customers reinforcing our brand promise. The growing acceptance of our brands demonstrates the attractiveness of our platform and the tremendous potential to address opportunities that lie ahead,” he added.
During the quarter, Trend added 7 Westside and 40 Zudio stores across 35 cities to end the quarter with 221 Westside, 388 Zudio and 23 stores across other lifestyle concepts.
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