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Trent Limited announces Q1 FY21 Results
Posted on: 15/Aug/2020 10:29:54 AM
Speaking on the performance, Mr. Noel N Tata, Chairman, Trent Limited said, The world is having to deal with a medical crisis of enormous proportions which has already resulted in severe economic disruption and demand contraction, since the last quarter of FY20.
Our food & grocery stores continued to operate during Q1 as they deal with essential goods. These stores operated with strict safety protocols and prioritized the safety of colleagues, customers, and associates. I would like to recognize all our colleagues across our businesses that continued to operate & serve our customers during this challenging phase. Though our fashion stores were closed in April and started to reopen only from mid-May, we have been witnessing the gradual resumption of consumer demand in the recent weeks. The trajectory of recovery from this pause would depend on the playout of the COVID pandemic and its effect on consumer sentiment and confidence.
Overall, as I have mentioned earlier, we are confident that following this pause, our growth and profitability will continue to accelerate on the back of sustained focus on differentiated brands & customer experience across our concepts and strong expansion of our reach through stores and digital platforms.
Q1 FY21 Results CLICK HERE
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