Trent perks up

about 29 days ago
No Image

Trent is the top gainer on the BSE; from its close of Rs.1037.25, it opened much higher at Rs.1100 and went on to hit an intraday high at Rs.1133.25, very close to its 10% UC of the day at Rs.1140.95.

The market is very happy with its Q2FY22 performance wherein it posted a consolidated net profit of Rs.80 crore v/s loss of Rs.78 crore (YoY).

Its revenue from operations saw over twofold jump to Rs.1,178.08 crore, compared with ?585.37 crore in the year-ago period. The company's total expenses during the quarter stood at Rs.1,116, up 58%.

The company said that Trent's fashion business has in particular recovered sharply and is now back to operating profitability. Online channel registered over 95% growth in Q2 over the previous quarter.

Trent is continuing to focus on building out differentiated brands and strong expansion of its reach through stores and digital platform.

Articles you may also like

Popular Comments

No comment posted for this article.