Tata Group-owned Trent’s adjusted Q4 profit doubles on firm sales, margins

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Apparel retailer Trent on Tuesday reported that its fourth-quarter adjusted profit more than doubled, helped by strong sales of its trendy designs and firmer operating margins. The Tata Group-owned company reported a consolidated profit of 3.18 billion rupees ($37.34 million) in the fourth quarter, compared to last year’s profit of 1.28 billion rupees, which has been adjusted to exclude a one-time gain of 5.76 billion rupees.

Trent’s focus on Gen-Z shoppers who regularly refresh their wardrobes with affordable but trendy styles has yielded revenue…



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Tata Group-owned Trent’s adjusted Q4 profit doubles on firm sales, margins


Apparel retailer Trent on Tuesday reported that its fourth-quarter adjusted profit more than doubled, helped by strong sales of its trendy designs and firmer operating margins. The Tata Group-owned company reported a consolidated profit of 3.18 billion rupees ($37.34 million) in the fourth quarter, compared to last year’s profit of 1.28 billion rupees, which has been adjusted to exclude a one-time gain of 5.76 billion rupees.

Trent’s focus on Gen-Z shoppers who regularly refresh their wardrobes with affordable but trendy styles has yielded revenue…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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