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Trent Q4: Throughout the quarter, the company expanded by opening 12 new Westside stores and 86 new Zudio stores, spanning 65 cities, including 25 new cities.
In its filing, Trent said that this exceptional income is because the company had entered into a substantial number of lease contracts for store operations. The company reassessed the estimates of assets and lease liabilities, which resulted in an exceptional gain for the quarter amounting to Rs 543.35 crore.
Fashion and lifestyle player Trent on Monday reported a multifold jump in consolidated net profit at Rs 712 crore for the quarter ended March 31, 2024. The profit stood at Rs 45 crore in the corresponding quarter last fiscal.
Singhal brings over 36 years of experience, previously serving in various roles at Tata Steel, including Vice President for marketing and sales for flat products.
Rajeev Singhal appointed MD at Tata International, succeeding Anand Sen. With 36 years experience, Singhal aims to drive value for stakeholders. Transitioning from Tata Steel, he held VP roles in marketing and sales.