10 August 2024, Mumbai
The Q1, FY25 net profit of Tata Group-company Trent, rose by 126 per cent to Rs 393 crore from Rs 173 crore in the same period last year. The company’s revenue for the quarter increased by 56 per cent to Rs 4,104 crore, compared to Rs 2,628 crore in the corresponding quarter of the previous year.
Emphasising the vast market potential for building brands and operating a direct-to-consumer business model, Noel N Tata, Chairman, Trent, says, the company plans to continue expanding its store presence to be closer to customers and reinforce brand promise
Despite a challenging market environment with heightened competition, Trent has experienced encouraging growth across its various lifestyle offerings. The company continues to focus on delivering consistent and improved value propositions to maintain its relevance to customers.
During the April-June quarter, Trent expanded its retail footprint by opening 25 new stores, bringing its total store count to 228 Westside outlets, 559 Zudio stores, and 36 additional stores across other lifestyle concepts.
