The Q4 FY 21 consolidated net profit of Trent jumped by 441 per cent to Rs 17.44 crore while sales rose by 7.4 per cent to Rs 905.55 crore. The company’s consolidated pre-tax profit stood at Rs 39.87 crore in Q4 FY21 compared with pre tax loss of Rs 36.66 crore registered in Q4 FY20. On a standalone basis, Trent registered net profit of Rs 56.88 crore in Q4 FY21, steeply higher than Rs 2.61 crore posted in Q4 FY20. Its net sales grew by 7 per cent year on year to Rs 773.68 crore in Q4 FY21.
In Q4, Trent continued crystallizing its rent reductions and related charges. The company collected Rs 12 crore in Q4 and Rs 89 crore in the year ended FY21 as other income notwithstanding its operating nature.
For the year ended March 2021, Trent posted a consolidated net loss of Rs 181 crore compared with net profit of Rs 105.98 crore reported in year ended March 2020. Its net sales slipped by 25.6 per cent to Rs 2592.96 crore in FY21 over FY20.
As of 31 March 2021, Trent had 174 Westside and 133 Zudio stores in its portfolio. Further, Trent said it aims to additional open 19 Westside and 15 Zudio stores.