Tata Group-owned Trent’s adjusted Q4 profit doubles on firm sales, margins

Apparel retailer Trent on Tuesday reported that its fourth-quarter adjusted profit more than doubled, helped by strong sales of its trendy designs and firmer operating margins. The Tata Group-owned company reported a consolidated profit of 3.18 billion rupees ($37.34 million) in the fourth quarter, compared to last year’s profit of 1.28 billion rupees, which has been adjusted to exclude a one-time gain of 5.76 billion rupees.

Trent’s focus on Gen-Z shoppers who regularly refresh their wardrobes with affordable but trendy styles has yielded revenue…