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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Tata group-owned retailer’s focus on fast-fashion vertical Zudio seems to have helped, while the Aditya Birla Group’s retail unit has entered several categories.
Trent, the Tata group-owned apparel retailer, reported an over 50% year-on-year jump in its total sales at Rs 2,680 crore for the quarter ended 30 June, outperforming rival Aditya Birla Fashion and Retail—the largest branded apparel maker reported a 12% rise. The sales growth comes amid high inflation, which continues to squeeze customers’ pockets.
In the fashion segment, which is counted as a discretionary spend, Trent continues to stay ahead of Aditya Birla Fashion in terms of like-for-like growth. Trent’s Westside and Zudio stores recorded a 12% rise in like-for-like sales growth, while it fell 8% for Aditya Birla Fashion’s …
Slowing growth, weakening store metrics and a puzzling fundraise point to the retailer losing some of its post-Zudio sheen.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.
