Trent Ltd on November 7 reported 47% jump in consolidated net profit at Rs 335 crore for the quarter ended September 30, 2024. The retail company reported net profit of Rs 228 crore in the year-ago period.
The Tata group firm's consolidated revenue from operations rose 39% to Rs 4,157 crore in Q2FY25 as against Rs 2,982 crore in Q2FY24.
However, Trent's shares fell over 7% on BSE as the company's net profit fell 14% on sequential basis. At 1 pm on November 7, the company's shares were trading 7.5% lower at Rs 6,476 apiece.
In the forgoing context the team has delivered strong results across brands, concepts, categories and channels in Q2.
The market opportunity associated with building brands and a pure play direct-to-customer business like ours remains immense.
We continue to pursue our expansion programme and deepen our store presence with the aim of being ever closer and convenient to customers.