Bengaluru, Nov. 7 -- Trent Ltd on Friday reported muted growth for the September quarter, with both revenue and profit missing estimates as demand softened after a strong start to the fiscal year.
The Tata group company's revenue from operations increased by 15.9% to Rs.4,817.68 crore, falling short of Bloomberg's analyst estimate of Rs.4,998.30 crore. Net profit rose by 11.34% to Rs.373.42 crore, falling short of the estimated Rs.446.3 crore.
The Mumbai-based retailer added 13 Westside and 40 Zudio stores in the quarter, underscoring its continued store-led growth strategy despite uneven discretionary consumption. As of September, Trent's retail network stood at 261 Westside and 806 Zudio stores (including 3 in the United Arab Emirates...
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