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Westside Launches Its 229th Store In Faridabad

18 July 20243 mins read by Angel One
Westside, a Tata Enterprise, opens its 229th store at Amolik City Centre, Faridabad. The store offers a wide range of fashion items in a spacious 22,255 sq ft area.
Westside Launches Its 229th Store In Faridabad
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On July 10, 2024, Westside, part of the esteemed Tata family, announced via a stock exchange filing that it had opened a new store in Faridabad to inspire fashion lovers. Located at Westside, Amolik City Centre, Sec 28, near metro pillar 624, Faridabad, Haryana-121008, this store spans 22,255 sq ft.

It showcases a wide range of Westside brands, including apparel, accessories, cosmetics, and footwear, all conveniently available in one place.

Diverse Fashion Offerings

Westside offers a diverse range of fashion, featuring Indian and Western wear like Utsa for ethnic styles, Bombay Paisley for creative fusion, and NUON for trendy party wear. Men can choose from WES for versatile outfits, NUON MEN for street style, and E.T.A for ethnic urban wear. Studio West provides beauty products, a stylish kids’ collection and a captivating footwear range.

About Trent Limited

Trent Limited, part of the Tata Group, runs various retail brands. Westside is a leading fashion chain in India with stores in 90 cities, offering apparel, footwear, accessories, cosmetics, home decor, and gifts. Zudio is a value fashion destination with stores providing apparel and footwear for men, women, and kids. Trent also operates Trent Hypermarket under the Star banner, focusing on food, groceries, and daily essentials. Their new brands include Samoh for occasion wear and Misbu for beauty, personal care, and fashion accessories.

On July 11, 2024, Trent Limited’s share price opened at ₹5,545.00, touching the day’s high at ₹5,663.00 as of 01:05 PM on the NSE.

Financial Highlights

In Q4FY24, Trent reported strong financial results with a 51% increase in revenue from operations, reaching ₹3,297.70 crore compared to ₹2,182.75 crore a year ago. The company, known for brands like Westside and Zudio, saw its consolidated net profit surge to ₹712.09 crore, a remarkable 1,484% rise from ₹44.95 crore in the same quarter last year. This substantial profit increase was largely due to a one-time gain of ₹543 crore from changes in how they account for lease contracts. Operating EBIT margin for the quarter improved to 8.2%, up from 2.8% in Q4FY23.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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