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Tata Group retail firm Trent Ltd posted a 30 per cent increase in its net profit at Rs 13 crore for the first quarter ended June 30, 2012.
The company's net profit during same period last fiscal stood at Rs 10 crore, it said in a filing to the Bombay Stock Exchange.
Trent's net sales for the three months ended June 30, 2012, increased 22.6 per cent at Rs 218 crore as against Rs 178 crore in the year ago period.
During the quarter, the company opened two ‘Westside’ stores as against three in the same quarter last year. Trent operates 68 'Westside' stores in all.
Besides, Trent also owns formats such as Fashion Yatra, a mass retail chain, and Sisley, a premium clothing store. In all, it operates 73 stores across the country.
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