Trent Q2 net rises 23%, revenue up 22%
Tata Group's Trent reported a 23% YoY increase in Q2 net profit to ₹464 crore, missing street expectations, even as revenues rose 22% to ₹5,873 crore driven by Zudio's rapid expansion.
Tata-group retailer Trent saw second-quarter profit come below street estimates, despite reporting strong double-digit profit growth. The company reported healthy improvement in revenues and overall margin growth in the period, ahead of street estimates. Trent’s consolidated net profit (attributable to owners) surged 23.1% year-on-year to Rs 464 crore in the Q2, in comparison to Rs 377 crore in the same period a year earlier.
