Trent Q2 Net down 27% at Rs 11.43 Crore

Tata group firm Trent Ltd today reported 26.73 per cent decline in standalone net profit at Rs 11.43 crore for the second quarter ended September 30 due to higher expenses.

The retail firm had reported net profit of Rs 15.6 crore in the July-September quarter of last fiscal.

Trent's net sales increased by 30.95 per cent to Rs 349.78 crore in the quarter under review as against Rs 267.10 crore in the corresponding period last year, the company said in a BSE filing.

Overall expenses of the company were at Rs 357.64 crore during the quarter, an increase of 32.97 per cent compared to Rs 268.95 crore in the year ago period.