Painting a picture of robust growth Trent's Q3 FY24 net profit soared by 140 per cent to Rs 370.64 crore. The company’s revenues from operations surged by 50.5 per cent to Rs 3,466.62 crore. Its total expenses rose by 41.64 per cent to Rs 3,101.44 crore during the quarter.
Overall, operating revenues surged to 13 per cent as against 8.5 per cent for Q3 FY23.
In Q3 FY24, Trent’s fashion concepts registered a LFL growth of over 10 per cent vis-a-vis Q3 FY23.
Nuanced picture
Its emerging categories, including beauty and personal care, innerwear and footwear, contributed to over 19 per cent of its standalone revenue of Rs 3,521 crore
During the quarter, Trent also added five Westside and 50 Zudio stores across 36 cities, including 13 new cities.
As of December 31, 2023, Trent’s portfolio included 227 Westside, 460 Zudio and 28 stores across other lifestyle concepts.
The retailer plans to continue expanding its store presence and deepen its reach in new cities. It also plans to continue focusing on online operations and emerging categories like beauty and personal care.
