Trent's Q3 profit rises to ₹510 crore: Here's why
Trent, the Tata Group retail firm (think Westside and Zudio), posted a 3% rise in Q3 profit to ₹510 crore—even after taking a hit from new labor rules.
Revenue shot up 15% to ₹5,345 crore compared to last year.
Standalone profits soared 36%
Trent isn't just holding steady—it's impressing investors. Its standalone profits soared 36%, and adjusted numbers look even better.
Chairman Noel N Tata credits "The customer sentiment is gradually improving and our business outlook for the medium term continues to remain positive." and is optimistic about the future.
Smart expansion
It comes down to smart expansion: Trent opened 17 new Westside stores and 48 more Zudio outlets (even one in the UAE), pushing its total retail space past 15 million sq ft.
Operating margins also nudged higher while gross margins remained stable; the company cited disciplines around inventory provisioning and other measures.