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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search