
Tata Group’s Trent Limited reported a surge of 188.9 per cent in consolidated net profit at Rs. 228.06 crore in Q2 FY ’24 against the net profit of Rs. 78.94 crore inQ2 FY ’23.
In a regulatory filing, the company said that its total income jumped 51.4 per cent to Rs. 3,062.47 crore in Q2 FY ’24 as against Rs. 2,022.66 crore in Q2 FY ’23.
Noel N Tata, Chairman, Trent Limited commented on results, “Our lifestyle offerings across concepts, categories and channels witnessed strong momentum in Q2 FY ’24 despite challenging market conditions. We continue to see growing relevance for our offerings, resilience in our business model choices and attractiveness of our differentiated platform. We will expand and deepen our store presence with the aim of being ever more proximate and convenient to customers reinforcing our brand promise.”
Trent is one of the leading players in the branded retail industry in India. Its apparel retail operation under Westside has over 22 labels while the Zudio brand is growing aggressively.