· Q4 profit from operations at Rs. 57 cr led by sustained recovery
Speaking on the performance, Mr. Noel N Tata, Chairman, Trent Limited said, “As I look back at the last financial year, we are very encouraged by the consistent & strong recovery of demand for our concepts in many markets across the country, when the pandemic related restrictions eased. We continued to emphasize our expansion program and I am happy to report that we have over 300 fashion stores in our portfolio and a significant number of additional locations fitted-out & ready to open. Result
While we cannot predict how quickly we will see the back of this crisis, we know that it will get behind us, especially given the substantial vaccination program. And when it does abate, customer demand should rebound strongly possibly starting in the 2nd quarter. We are confident that the business has the expertise and importantly the resilience to weather this crisis.
We are cautiously optimistic on the medium-term outlook. Near term uncertainties notwithstanding, we are continuing to focus on building out differentiated brands and strong expansion of our reach through stores and digital platforms.”
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