Department Stores company Trent announced Q4FY23 & FY23 results: Consolidated Q4FY23: Revenues for Q4FY23 at Rs 2,336 crore grew by 65% over Q4FY22 Profit after tax (attributable to equity shareholders) was Rs 60 crore for Q4FY23 Star revenues are up 46% over Q4FY22 Consolidated FY23: For FY23, the company recorded revenues of Rs 8,799 crore Profit After Tax of Rs 297 crore Speaking on the performance, Noel N Tata, Chairman, Trent said, “Our lifestyle offerings across concepts, categories and channels are witnessing a strong momentum. We see growing relevance for our offerings, resilience of our business model choices and attractiveness of our differentiated platform. Leveraging our platform, we launched Samoh, our contemporary occasion wear concept. Samoh focuses on elegant, expressive, modern silhouettes and a new approach to wardrobe that emphasizes versatility and caters to an audience that appreciates a luxurious and modern take on cherished designs and motifs from the Indian hinterland. We are also increasingly applying our playbook to the Star business and the strong customer traction we are witnessing gives us growing conviction of building-out this growth engine in the food and grocery space. In the foregoing backdrop, we are continuing to expand the reach of all our concepts with the aim of being ever-more proximate and convenient to our customers. We are in the initial laps of our growth. I see much potential, led by our passionate teams, to address significant opportunities that lie ahead.” Result PDF