Trent Q2 profit rises 25% as Zudio, Star expand
In short
Trent said its Q2 profit rose 25%. Zudio grew to 999 stores, up 24%, and Star grocery revenue reached ₹1,006 crore.
The company also said Bahram Vakil will become chairman from November 12. The report does not say why Noel Tata is stepping down or give the full profit number.
What the reporting says
Trent reported a 25% rise in Q2 profit as its Zudio store network grew 24% to 999 outlets and Star grocery revenue reached ₹1,006 crore. The source says operating margins improved despite inflation, and it also says Bahram Vakil will take over as chairman from November 12. The immediate takeaway is stronger business growth and a leadership change, but the full profit figure and Noel Tata’s reason for stepping down are not stated.
Why it matters
Trent reported a 25% rise in quarterly profit, helped by growth at Zudio and Star. The source says Zudio’s store network expanded 24% to 999 outlets, while Star grocery revenue reached ₹1,006 crore, with margins improving despite inflation. It also says Bahram Vakil will take over as chairman from November 12. The available reporting does not explain Noel Tata’s exit or provide the full profit figure.