Trent Q1 reslts: Tata Group's co posts profit up two-fold at Rs 391 cr

Tata Group retail firm Trent Ltd on Friday reported a two-fold increase in consolidated net profit to Rs 391.21 crore for the first quarter ended June 2024.

The company had posted a consolidated net profit of Rs 166.67 crore for April-June period a year ago, according to a regulatory filing from Trent Ltd, which operates retail stores under brand names Westside, Zudio and Star.

Revenue from operations was up 56.15 per cent to Rs 4,104.44 crore during the quarter under review as against Rs 2,628.37 crore in the year-ago period, it added.

Total expenses increased 48.49 per cent in the June quarter to Rs 3,704.61 crore. Total income was at Rs 4,150.40 crore, up 54.84 per cent year-on-year.

As of June 30, Trent was operating 228 Westside, 559 Zudio and 36 stores across other lifestyle concepts, said an earning statement from the company.

"During the quarter, we opened 6 Westside and 16 Zudio stores across 12 cities," it said adding "we continued to expand our footprint across all our