Tata’s retail arm Trent Q1FY22 revenues shot up by 98%
12th August 2021, Mumbai:
Revenues of one of India's leading chains of fashion retail stores, Trent grew by 98 per cent to Rs 492 crore during Q1 FY22 ended on June 30, 2021, compared to Rs 248 crore in the same period of prior fiscal. However, the company incurred a net loss of Rs 138 crore during the quarter. The company’s total expenses during the quarter stood at Rs 675 crore while profit before tax recorded a loss of Rs 164 crore.
Trent continues to focus on expansion program and is rapidly advancing in building a strong pipeline, even as the constraints for actual opening to customers remains a challenge in the near term in the case of mall locations/ select markets, says Noel Tata, Chairman.
Started in 1998, Trent operates Westside, one of the many growing retail chains in India based in Mumbai, and Landmark, a bookstore chain with brick and mortar stores in various locations of India.
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