Trent Ltd records 15-fold rise in Q4 net profit

A Tata Group-owned entity, Trent Limited recorded a 15-fold rise in its net profit for the fourth quarter ending March 31, reaching Rs 712 crore ($85.3 million), a significant jump from Rs 45 crore recorded in the same period last year.

The company's revenue also climbed by 51 per cent to Rs 3,298 crore, compared to Rs 2,183 crore in the corresponding quarter of the previous fiscal year.

During this quarter, Trent strategically expanded its retail footprint by inaugurating 12 new Westside stores and an impressive 86 new Zudio outlets.

Noel N Tata, Chairman, Trent Ltd, emphasises, the brand’s financial performance is a result of its adaptable business coupled with the expansion of its product lines and the robustness of its platform.

Further reiterating the company's commitment to enhance its retail presence, aiming to provide enhanced accessibility and convenience to its customer base, Tata stated, the brand aims to foster close connections with customers by expanding and deepening store network, thereby reinforcing our brand commitment."

As of March 31, 2024, Trent's retail portfolio boasted 232 Westside outlets, 545 Zudio stores, and 34 establishments across other lifestyle concepts.