Trent Ltd Reports 17% Revenue Growth in Q3 FY2024
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Tata Group’s retail arm,Trent Ltd,announced a 17% increase in standalone revenue to ₹5,220 crore for the third quarter ending December 31,2023. This marks a meaningful rise compared to the ₹4,466 crore reported in the same period last fiscal year, according to a regulatory filing.
Store Expansion and Portfolio
As of December 31, 2023, Trent Ltd boasts a robust store portfolio comprising 278 Westside stores, 854 Zudio stores (including 4 in the UAE), and 32 stores operating under other lifestyle concepts. The company continued it’s expansion strategy, adding 17 Westside stores and 48 Zudio stores during the third quarter.
Nine-Month Performance
For the nine months concluded on December 31, 2023, Trent Ltd’s standalone revenue reached ₹14,604 crore, reflecting an 18% growth compared to the ₹12,368 crore recorded in the corresponding period last year. During this period, the company opened 30 Westside stores and 89 Zudio stores.
Key Takeaways
- Revenue Growth: Trent Ltd achieved a 17% increase in standalone revenue for Q3 FY24, reaching ₹5,220 crore.
- Store Expansion: The company continues to expand its retail footprint with significant additions to both Westside and Zudio store counts.
- strong nine-Month Performance: revenue for the first nine months of FY24 grew by 18% to ₹14,604 crore.
- Brand Presence: Trent Ltd operates 278 Westside stores, 854 Zudio stores, and 32 stores across other lifestyle brands.
Worth a look