Trent rose 2.40% to Rs 684.90 after the company s consolidated net profit jumped 30.2% to Rs 64.03 crore on a 13.6% rise in net sales at Rs 853.63 crore in Q3 December 2020 over Q3 December 2019.
Profit before tax (PBT) fell 4.5% to Rs 89.70 crore in Q3 December 2020 as against Rs 93.89 crore in Q3 December 2019. Current tax expense for the quarter tumbled 94.8% to Rs 0.48 crore as against Rs 9.17 crore in Q3 December 2019. The Q3 result was declared post market hours yesterday, 4 February 2021.
Customers continue to increasingly leverage the convenience of digital platforms with the online channel registering over 80% growth in Q3. The company remained focused and committed to the accelerated store expansion agenda. To date, in FY21, it has opened 28 new stores (20 Zudio, 6 Westside, 2 Landmark) and it continues to pursue opportunities in all relevant micro markets.
Picture for representational purpose only.
HYDERABAD: Charging Rs 6 for a plastic carry bag, which contained logo and trademark, has cost a supermarket chain dear as it was directed to deposit Rs 1.5 lakh towards punitive damages before the commission and pay Rs 15,000 to the complainant.
Of the Rs 1.5 lakh collected, the commission said that Rs 1 lakh will be remitted to the CM relief fund towards the ‘Haritha Haram’ scheme and Rs 50,000 will be deposited in the consumer welfare fund for the upliftment of consumer education in Telangana.
Y Sanjay, the complainant, said that he purchased food items on May 31, 2019, at Star Bazar –Trent Hypermarket, Road No.12, Banjara Hills. He said that he was charged Rs 6 for providing a plastic carry bag, which had the logo and trademark of the supermarket.
Arisaig India Fund has sold 2.05% stake held in Trent on 27 November 2020.
Post transaction, Arisaig India Fund s shareholding in Trent has reduced to 5.54% from 7.59% earlier. The deal took place in open market on 27 November 2020.
Shares of Trent fell 0.18% to Rs 700.05 on BSE.
Trent s consolidated net loss stood at Rs 78.57 crore in Q2 September 2020 as compared to a net profit of Rs 17.27 crore in Q2 September 2019. Net sales declined 31.5% to Rs 585.38 crore in Q2 September 2020 over Q2 September 2019.
Trent operates Westside, one of India s leading chains of fashion retail stores, Trent Hypermarket which operates in the competitive food, grocery and daily needs segment under the Star banner, Landmark Stores, a family entertainment format store & Zudio which is a one shop destination to get fashion at great value. Westside has 166 stores measuring 8,000-34,000 sq. ft. across 88 cities.