Trent posts consolidated net loss of Rs 71.8 crore

Trent posted a consolidated net loss of Rs 71.6 crore in Q2 September 2020 compared with a net profit of Rs 18.6 crore in Q2 September 2019.

Its net sales declined by 31.5 per cent to to Rs 585.38 crore during the quarter as various restrictions continued to apply at the local level including store closure requirements during weekends.

Trent's recorded a pre-tax loss of Rs 102.86 crore in Q2 September 2020 compared with pre-tax profit of Rs 38.40 crore registered in the same quarter last year. It received a tax rebate of Rs 24.29 crore.

Trent operates Westside, one of India's leading chains of fashion retail stores, Trent Hypermarket which operates in the competitive food, grocery and daily needs segment under the Star banner, Landmark Stores, a family entertainment format store & Zudio which is a one shop destination to get fashion at great value. Westside has 166 stores measuring 8,000-34,000 sq. ft. across 88 cities.