The revenue from operations of the company has grown 98% yearly from Rs. 248 Cr. in Q1FY21 to Rs. 492 Cr. in Q1FY22. The same has been dropped heavily by 45.7% QoQ from Rs. 905.5 Cr. in the last quarter of FY21.
The Operating Profit has gone to the negative territory to Rs. -43 Cr. in Q1FY22 against Rs. 124 Cr. in Q4FY21 and Rs. -124 Cr. in Q1FY21.
The Operating Profit Margin (OPM) of the company is also in a negative figure of -8.8% in Q1FY22.
The company has reported a loss of Rs. 127 Cr. in the first quarter of the FY22 against a profit of Rs. 29 Cr. in the Q4FY21.
The Net Profit Margin of the company for the quarter ended 30th June 2021 is -25.7%.
Trent Limited- Q1FY22 Results
The covid 2nd wave-related disruptions significantly impacted operations during Q1. The fashion business (Westside and Zudio) operated for 46% of the trading days, up from 26% in the corresponding previous period. However, by the close of the quarter, the operations were for over 80% of the trading days.
Growth in revenue on yearly basis is due to various cost mitigation measures, including concerning property-related payouts and operating expenditures.
As of date, 184 Westside and 137 Zudio stores are operational. Further, an additional 13 Westside and 12 Zudio stores were fitted out and ready to open. These 25 stores would open once covid related restrictions are eased/ local municipal approvals are in place.
Customers continue to increasingly leverage the convenience of our digital platforms with the online channel registering close to 200% growth in Q1 over the corresponding quarter. We continue to register over 5% of westside revenues through online channels. Digital content and social media initiatives are increasingly central to our ongoing communication of the customer offer.
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