Tata Group's retail arm Trent, headed by Noel Tata, reported a 79 per cent jump in standalone net profit to Rs 199 crore for the December 2021 quarter.
Radhakishan Damani, promoter of Avenue Supermarts, and persons acting in concert have trimmed stake in Tata group's retail arm, Trent, by selling shares for an estimated sum of over Rs 202 crore
Valuations, however, are at a sharp premium compared to its peers
SSSG reflects the sales performance of stores in operations for at least a year, and hence is a good indicator of a company's revenue performance.
The portal StarQuik will supply 10,000 grocery and household products, and home-deliver the items within three hours, says its website
The stock of Trent was trading at Rs 245 on the BSE in the afternoon trade