Home / Knowledge / News / Apparel/Garments / Retail firm Trent Q2 net profit declines
Retail firm Trent Q2 net profit declines
05
Nov '11
The Tata Group-owned Mumbai-based retail firm Trent Ltd has reported a decline in its net profit for the second quarter of the current fiscal that ended on September 30, 2011.

The firm posted a net profit of Rs. 34 million during the three-month period, as against a net profit of Rs. 120 million during the corresponding period of last fiscal, showing a decline of 71.66 percent.

The company attributed the decline in net profit to increased excise duty on branded apparels and high raw material costs. The company said it did not fully pass on the dual increase in costs to the customers owing to market conditions.

The quarter saw the costs of raw material rising by nearly 2.5 times to Rs. 10.5 million from Rs. 4.461 million registered in second quarter of fiscal 2010-11.

Total income from sales, however, increased to Rs. 2.277 billion during the second quarter of 2011-12, compared to Rs. 1.828 billion during the corresponding period of previous fiscal.

Established in 1998, Trent runs lifestyle chain Westside, one of India's largest and fastest growing chains of lifestyle retail stores, and Fashion Yatra, a complete family fashion store.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search