Trent will continue its focus on building out differentiated brands and accelerating reach through stores and digital platforms, says Noel N Tata, Chairman. The company expects demand to rebound strongly from the second quarter of this year. Favorable demographics, increasing per capita, disposable incomes and growing consumption will help it return to a strong growth trajectory, despite uncertainty over near-term outlook, he says.
In FY21, Trent expects certain prospective store locations to face temporary challenges in timely construction/opening. The company will continue to pursue growth by leveraging its association with Tata Cliq and its two websites. Committed to pursuing accelerated expansion, Trent will continue to monitor existing stores and refresh the portfolio through multiple initiatives including absorption/ refurbishment of brand diluting stores. In FY 21, the company reported a 25 per cent decline in consolidated revenue to Rs 2,592.96 crore from Rs 3,485.98 crore in FY20.
