Trent news and archive

Trent’s revenue and profit accelerate in the third quarter

Third quarter revenues at Tata Group company Trent Limited reached 3,521 crores, increase of 58 percent, while pre-tax profit of 447 crores jumped 113 percent compared to the same quarter last year. The company reported 39 percent increase in revenues and 47 percent increase in pre-tax profit over the third quarter of 2020. Overall, the company...

Business

Trent’s Q3 net profit grows 38 per cent

For the third quarter Trent’s standalone net profit grew 38 per cent. Revenue from operations jumped 32.5 per cent. There was a 13 per cent growth in ebitda and ten per cent same-store sales growth. Trent a Tata Group company is witnessing positive traction for its lifestyle retail concepts and consequently pursuing a substantially accelerated...

Retail

Trent operated retail chain Westside opens new Hyderabad store

Westside, India’s preferred fashion destination from Trent, Tata's retail arm, has opened a new store in Rajahmundry, Hyderabad. Redefining shopping experiences in the area, the new store offers a wide range of contemporary and exclusively designed apparel for women. Be it the 9 to 9 collection of Wardrobe, the casual and confident LOV, the...

Business

Tata Sons get bigger stake in retail arm Trent

Trent has raised over Rs 1000 crores through preferential allotment of shares to its promoter Tata Sons. With this Tata Sons’ stake in Trent has increased to 32.45 per cent. Tata Sons earlier held a 27.74 per cent stake in its retail arm. Trent, Tatas’ retail arm, is witnessing positive traction for its lifestyle retail concepts and consequently...

Retail

Tata Trent to build its own trend-focused apparel chain like Zara

Tata Group has been Inditex SAs partner for Zara in India. Now, the country’s largest conglomerate is building its own apparel empire as trend-focused as Zara -- but at half the price. Trent, the retail arm of the Tata Group is building its own apparel chain. The target audience is the trend-conscious and globalised consumer but whose low...

Business

Trent Q1 sales up, touches Rs 596 crore

Trent’s net sales for the three month period ended June 30, 2018, was Rs 596.30 crores as compared to Rs 510.19 crores during the three month period ended June 30, 2017. The company’s net profit for the three month was Rs 38.35 crores as against Rs 38.15 crores for the three month period ended June 30, 2017. EPS, was Rs 1.15. Trent Hypermarket...

Retail

Investment in Zara JV not long-term, say Trent in its annual report

Tata group firm Trent has announced its joint venture with Spain's Inditex for Zara is only a financial investment and not a long term strategic investment essential to its other retail operations. Inditex Trent Retail India is a 51:49 per cent joint venture (JV) between Inditex group and Trent with 51 per cent held by the Spanish partner and...

Retail

Westside to expand retail spread with more new stores

Tata's retail arm Trent which operates Westside will open 30 new Westside stores this fiscal. At present there are 125 Westside stores. The plan is to double the number in three to five years. Around half of the new stores will be set up through the franchisee mode while the others will be company-owned. Westside, set up in 1998, has a range of...

Business

Trent’s Q4 net profits touch Rs 11.66 crore

Tata Group’s retail firm Trent reported a standalone net profit of Rs 11.66 crore for Q4 ended March 31, 2018. Revenue from operations stood at Rs 528.72 crore for the quarter under consideration. It was Rs 448.36 crore in the same period a year ago. Trent posted a net profit of Rs 25.26 crore for the corresponding period of the previous fiscal....

Business

Trent clocks in a net profit of Rs 37.89 crore in Q3

For the third quarter ended December 2017, Tata group retail firm Trent has reported a separate net profit of Rs 37.89 crore. The company’s total expenses were Rs 470.29 crore. It had posted a standalone net profit of Rs 37.72 crore in the October-December quarter a year ago. Total income during the quarter under review stood at Rs 525.55 crore....

Business

Trent’s profit up 37 per cent in Q2

Tata Group’s retail arm Trent’s net profit has gone up 37 per cent to reach Rs 29 crore for Q2 of current fiscal compared to Rs 21 crore in the same quarter in the last fiscal. In Q1, Trent had posted a profit of Rs 38 crore boosted by pre GST sales in the month of June. The slowdown in July and transition into the GST regime have impacted the...

People

M&S India MD Venu Nair, quits to join Trent as the new commercial officer

Tata Group’s retail arm Trent has appointed Venu Nair, Managing Director of Marks & Spencer Reliance, India, as its new chief commercial officer. Trent operates Westside department stores and Star Bazaar supermarket network. Nair is expected to join Trent by the end of April. He will report to Philip Auld, who took over as the chief executive of...