India's fast-fashion retailer Trent reports higher quarterly revenue

By Reuters News

Oct 5 (Reuters) - Indian apparel retailer Trent TREN.NS reported a 23% year-on-year rise in standalone revenue for the second quarter on Monday, helped by growth across its fashion and lifestyle businesses.


Here are some more details:

  • Revenue from operations rose to 57.88 billion rupees ($601.09 million) in the July-September quarter, Trent said in an exchange filing, up from 47.24 billion rupees a year earlier

  • The result comes as Indian consumer companies signal resilient demand

  • On Monday, Marico MRCO.NS forecast double-digit revenue growth and Godrej Consumer Products GOCP.NS said it expects revenue growth in the teens for the September quarter

  • As of September 30, Trent operated 1,342 stores, including its Westside, Zudio and other lifestyle brands, up from 1,101 a year earlier

  • The retailer added 17 Zudio stores and 10 Westside outlets during the quarter, compared with 40 Zudio and 13 Westside stores added a year earlier

  • Major Indian apparel retailers have been contending with softer discretionary demand, with attention shifting to same-store sales performance following a prolonged period of rapid growth

  • Trent's fashion business competes with low-cost retailers such as Vishal Mega Mart VSSL.NS, V-Mart Retail VMAR.NS, Style Bazaar and Reliance Trends, as well as premium apparel brands including Shoppers Stop and H&M

  • Trent is the retail business of India's salt-to-steel conglomerate Tata Group


($1 = 96.2925 Indian rupees)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.