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Tata-owned Trent Q2 profit surges three fold, shares hit record high
![IndiaTimes]()
Tuesday, 7 November 2023
Trent, an Indian retailer and hypermarket operator, has reported a nearly three-fold increase in second-quarter profit, driven by strong demand. The company's consolidated net profit rose to 2.35 billion rupees ($28.23 million) in the quarter ending September 30, despite a 46% rise in expenses. Trent's revenue from operations also rose 52.7% to 29.82 billion rupees in the same period. The company's shares surged to a record high following the announcement. The September quarter saw increased demand ahead of the festive season, with sales boosted by purchases for weddings.
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Tuesday, 7 November 2023
