Trent Q3 Results: Net profit rises 21% YoY to Rs161 crore

“Our fashion concepts have continued to register encouraging growth momentum in Q3 FY23. We continue to expand our reach with vigour and reinforce our lifestyle offerings across concepts, categories, and channels. The growing acceptance of our brands demonstrates the attractiveness of our platform and the tremendous potential to address opportunities that lie ahead,” Noel Tata, chairman at

said in a statement.

The company said third quarter results are not comparable with the corresponding quarter given the change in profile and quantum of inventory provisioning, rent waivers on account of the pandemic.

Trent recently entered into a joint venture with MAS Group, Sri Lanka. Over time, Trent and MAS would pool their domain expertise to undertake design, development, and manufacturing of a range of intimate wear and other apparel products, it said.

Established in 1998 as part of the Tata Group, Trent operates Westside, Trent Hypermarket, Landmark Stores and Zudio. Westside registered same store sales growth of 17% compared to the same period in FY22.

Online revenues through Westside.com and other Tata group platforms contributed over 6% of its revenues. “We continue to invest significantly in resetting the technology stack across the entire value chain to make it commensurate with the growing scale and the growth agenda,” the retailer said in a statement.