Trent Ltd, a Tata Group company announced a significant 44% rise in consolidated net profit for the second quarter of FY25, Additionally, its revenue, or the total income generated from sales, increased by 39% to ₹4,156.7 crore. Despite financial performance was a good, the company did not satisfy the analysts to the full extent since customers were cautious while spending money and seasonal challenges that hamper retail sales.
Trent Chairman Noel Tata recognized that customers are hesitant towards spending money. Despite these challenges company has performed well across its different brands and sales channels.
The retailer expanded its presence by opening 43 new stores, ending the quarter with 831 fashion outlets. This expansion includes the opening of 7 new Westside stores and 34 Zudio stores, with one of the Zudio stores opening for the first time in Dubai. Currently, Trent’s store network includes 226 Westside outlets and 577 Zudio locations.
Star hypermarket’s revenue increased by 27%, largely due to strong sales of its own in-house brands and essential products. Company also experienced 14% growth from lile to like sales, which indicates company’s consistent performance. Emerging categories such as beauty products, innerwear, and footwear performed well, making up a fifth of total revenues.