The consolidated revenue from operations stood at Rs 4,156.67 crore during Q2 of FY25 as against Rs 2,982.42 crore as compared to Q2 of FY25, up 39.3 per cent. The fashion and lifestyle retailer witnessed a 46.9 per cent Y-o-Y growth in consolidated net profit for the September quarter to Rs 355.06 crore. The profit stood at Rs228.06 crore in the year-ago period.
The company has opened 43 stores during the second quarter of FY25. A release issued by the company said that it now operates with a portfolio of over 800 “large-box” fashion stores. In Q2FY25 Trent continued to deepen and expand its store footprint across concepts, with presence now across 184 cities.
Speaking on the performance, Noel N Tata, Chairman, of Trent Limited said, “Consumer sentiment has remained relatively muted. This coupled with seasonality has meant that retail businesses have faced headwinds. In the foregoing context, the team has delivered strong results across brands, concepts, categories and channels in Q2.”
He added “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 to be ever closer and convenient to customers. Also, we seek to explore additional avenues of growth. It is in this context that we recently launched our first international Zudio store in the UAE and the Zudio Beauty concept in India.
The Trent Chairman informed that they have applied Trent’s playbook to the Star business and are witnessing strong customer traction. “The success of own branded products augurs well for the Star business. We are confident that this business is well poised to shift gears and deliver substantial value to customers and shareholders,” he saidAs of September 30, its store portfolio included 226 Westside, 577 Zudio and 28 stores across other lifestyle concepts. “During the quarter, we opened 7 Westside and 34 Zudio stores (including 1 in Dubai) across 27 cities. We also consolidated 9 Westside and 16 Zudio stores,” the release added.“The change in revenue profile across our concepts remains broadly in line with our strategic objectives and plans. The gross margin profile of Westside and Zudio remains consistent,” the release said.
The emerging categories including beauty & personal care, innerwear and footwear continued to gain traction with customers. These emerging categories contribute to over 20% of Trent’s revenues. Westside.com together with the company’s proposition on the Tata Neu platform continues to grow profitably. This combined online reach contributes to over 5% of Westside revenues.
