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Trent posts lower-than-expected profit
Financial Express Delhi
|February 07, 2025
TATA GROUP'S VALUE fashion brand Trent on Thursday reported a lower-than-expected consolidated net profit of ₹496.54 crore, up 34% from ₹370.64 crore a year ago.
TATA GROUP'S VALUE fashion brand Trent on Thursday reported a lower-than-expected consolidated net profit of ₹496.54 crore, up 34% from ₹370.64 crore a year ago. Bloomberg consensus estimates had pegged the net profit at ₹507 crore.
The revenue from operations also came in below Street estimates of ₹4,760 crore, at ₹4,656.56 crore. However, it was up 34.32% compared to ₹3,466.62 crore a year ago.
Total expenses rose 32% to ₹4,096.08 crore in Q3, as it continued to open newer stores at a "faster pace". In Q3, the company opened 14 Westside and 62 Zudio stores (including 1 in Dubai) across 46 cities. Trent now operates 238 Westside, 635 Zudio and 34 other stores across other lifestyle concepts.
Dit verhaal komt uit de February 07, 2025-editie van Financial Express Delhi.
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