Profit before tax stood at Rs 314.32 crore in Q2 FY24, registered a growth of 129.21% as against Rs 137.13 crore in Q2 FY23.

As of 30 September 2023, the company’s portfolio included 223 Westside, 411 Zudio and 27 stores across other lifestyle concepts. During the quarter, the firm added 6 Westside and 27 Zudio stores across 19 cities (4 stores each in Westside and Zudio were consolidated).

In Q2 FY24, trent’s fashion concepts registered encouraging like -for- like (LFL) growth of over 10% vis-à-vis Q2 FY23. Across all trent’s brands, company is focus on delivering consistent value to customers through a differentiated product portfolio. In addition, company’s stores continue to provide an elevated brand experience even as it pursue company’s expansion program.

The Star business, consisting of 65 stores, continued to witness improved customer traction with growing sales densities. The business registered operating revenue growth of 30% in Q2FY24 vs the corresponding previous period. Almost, the entirety of this growth was from like-for-like stores and the volume growth was also strong and comparable. The business experienced an all-round operating performance improvement, driven by fresh, general merchandise & apparel categories.

Noel N Tata, chairman, Trent said, "Our lifestyle offerings across concepts, categories and channels witnessed strong momentum in Q2FY24 despite challenging market conditions. We continue to see growing relevance for our offerings, resilience in our business model choices and attractiveness of our differentiated platform.

Further he said, we have applied our playbook to the Star business and are witnessing strong customer traction, instilling a growing conviction to build out this growth engine in the food and grocery space. We are confident that this business is well poised to shift gears and deliver substantial value to customers and shareholders going forward.”

Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Trent Hypermarket, which operates in the competitive food, grocery and daily needs segment under the Star banner. Trent's new fashion concepts include Samoh, a differentiated & elevated occasion wear offering and Misbu that offers a curated & compelling range of beauty, personal care and fashion accessories.