“Our revenues from retailing of non-meals goods have been substantially and adversely impacted. Nonetheless, the business has continued to incur dedicated expenses in particular with regard to our workers and other expenses not right connected to revenues,” stated Trent in a regulatory submitting.
The company has initiated different techniques to mitigate the impact, it included.
Over the outlook, the company stated it continues to be “cautiously optimistic” on the medium-term outlook.
“The empirical participate in out of restoration in Q3/This fall of FY2020-21, when the pandemic similar limitations eased, together with the vaccination programme are encouraging ideas for the 2nd fifty percent of this financial yr,” it stated.
Trent further included it is continuing to target on key initiatives for its brand names and the enlargement of its access through retailers and digital platforms notwithstanding the in the vicinity of term uncertainties.
Set up in 1998 as portion of the Tata Group, Trent Ltd operates Westside, Trent Hypermarket which operates in the competitive meals, grocery and day-to-day requires phase underneath the brand identify of Star banner, Landmark Outlets and Zudio.