Trent Ltd posts Q4 net profit of Rs 45 crore
Trent Limited, a Tata Group-owned fashion retailer reported a consolidated net profit of Rs 45 crore ($5.5 million) for the fourth quarter ended March 2023, as against a net loss of Rs 21 crore in the year-ago period.
The company’s revenue for the quarter rose by 65 percent to Rs 2,268 crore, as against Rs 1,373 crore in the corresponding period of the previous fiscal year.
Commenting on the results, Noel N Tata, chairman of Trent Limited in a statement said, “Our lifestyle offerings across concepts, categories and channels are witnessing a strong momentum. We see growing relevance for our offerings, resilience of our business model choices and attractiveness of our differentiated platform.”
“In the foregoing backdrop, we are continuing to expand the reach of all our concepts with the aim of being ever-more proximate and convenient to our customers. We are in the initial laps of our growth. I see much potential, led by our passionate teams, to address significant opportunities that lie ahead,” he added.
Trent Ltd closed the financial year 2023 with 214 Westside, 352 Zudio and 24 stores across other lifestyle concepts.
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