In January, TCPL had finalized deals to acquire full ownership of Capital Foods, known for brands like Ching’s Secret and Smith & Jones, as well as Organic India, a company specializing in organic teas and health foods.
Helped by strong momentum in sales, Tata Group owned retail firm Trent Ltd reported a two-fold rise in consolidated net profit to Rs 370.64 crore during December quarter from Rs 154.81 crore in a year ago period.
Revenue from operations during the reporting second quarter jumped 11% year-on-year (YoY) to Rs 3,734 crore. The same was at Rs 3,363 crore in the last year quarter. The revenue growth was driven by an underlying growth of 11% in the India business, 8% in the International business, and 3% in the non-branded business.