Trent Ltd Q3 net profit jumps 43 percent to Rs 113

By

Maverick Martins

Published
Feb 11, 2022

Tata Group-owned retail firm Trent Ltd witnessed a 43 percent rise in its net profit to Rs 113 crore ($15 million) for the third quarter ended December 2021, as against Rs 64 crore in the year-ago period.
 

The company’s revenue for the quarter rose to Rs 1,499 crore, as compared to Rs 853 crore in the same time last year.
 
Trent’s expenses for the quarter stood at Rs 1,383 crore, as against Rs 3,175 crore it posted in the corresponding period of the previous fiscal year.

Commenting on the Q3 results, Noel N Tata, chairman of Trent Ltd in a statement said, “The third quarter witnessed a strong business rebound and we have been pleasantly encouraged by the rapid recovery in customer offtake. In many ways, the playout in Q3 is indicative of the performance potential of our brands, both in terms of growth as well as profitability.”
 
“Our prospects remain robust owing to an accelerating shift to branded products, emergence of digital/ seamless channels of engagement and a growing appetite for aspirational yet strong value propositions,” he added.
 
Established in 1998 as part of the Tata Group, Trent Ltd operates Westside, a chain of fashion retail stores, as well as Landmark and Zudio fashion stores.