Aggressive expansion and good execution are expected to could keep growth rates elevated going ahead
The company said the recovery in revenue coupled with various cost mitigation measures, including with respect to property related pay-outs led to improved operating profitability
SBI and other banking shares, along with stocks of companies to report earnings today will be in focus
Customer demand should rebound strongly, possibly from the second quarter onwards, said Trent Chairman Noel N Tata, though he remained "cautiously optimistic" on the medium-term outlook. With growth drivers such as favourable demographics, increasing per capita and disposable income, and growing consumption, India is expected to return to a strong growth trajectory, despite uncertainty over near-term outlook, he added. Trent will continue to focus on building out differentiated brands and accelerating its reach through stores and digital platforms, said Tata in the latest annual report of Trent Ltd - the Tata Group's retail arm. "While we cannot predict how quickly we will see the back of this crisis, there is a reason to believe that we will see a transition out of this pandemic phase. And when it does abate, customer demand should rebound strongly, possibly starting in the second quarter," he said. Tata further said he is "confident" that the business has the "expertise and ...
Well-placed in the apparel retailing market to benefit from the macro recovery, say analysts
Easing of lockdown restrictions, festival demand and jump in online sales aided the sales performance
The changes in constituents for the MSCI global standard indices will take place as of the close of November 30, 2020
With RIL's retail arm, Reliance Retail, sealing its first stake sale deal with Silver Lake, analysts see the sector consolidating yet growing going forward
In the first nine months of financial year 2019-20 (FY20), Trent is estimated to have added 60 Zudio stores
Steady same-store sales growth and improving margins to help sustain premium valuations
Trent reported 38 per cent year on year (YoY) growth in its standalone net profit at Rs 56 crore in December quarter (Q3FY20)
Valuation is at a sharp premium to its peers; top line growth is expected to be strong
Top line to get a boost; margins may face pressure in near term
Nestle India gained 4 per cent to Rs 12,397, and surpassed its previous high of Rs 12,266, recorded on August 9
Affordable pricing, contemporary designs and efficient supply chain keep cash registers ringing
Revenue from operations for quarter under review rose 30 per cent YoY to Rs 767 crore, as against a revenue of Rs 591 crore clocked in the corresponding quarter of the previous fiscal
Inditex Trent posted a jump of 21% in sales to Rs 1,023 cr in FY17 compared to Rs 842.5 cr in FY16
Trent had two years ago announced plans to go global, especially West Asia and Africa
The joint venture with UK's Tesco has lent Tata group's retail venture an edge in terms of operational efficiency and reduced its capital requirement
With 151 stores under Westside, Landmark and Star, the retailer has stepped up the pace of expansions and sharpened its focus on private labels