As the business head of Trent Hypermarket, Neville ensures that customers receive high-quality products that adhere to Tata standards.
Fashion and lifestyle retailer Trent on Friday reported a 11.3 per cent on year rise in its consolidated net profit for the second quarter of 2025-26 (Q2FY26). Its revenue from operations rose 15.9 per cent to Rs 4,817.68 crore in Q2 compared to the same period last year.
In calendar year 2024, the stock price of Trent has zoomed 160% As compared to the 18% rally in the BSE Sensex during the same period. It has outperformed the market in the past 10 consecutive years.
Tesco proposal entailing investment of $110 million has been cleared, sources said after the FIPB meeting held in New Delhi.
Retail giant Tesco will make foray into Indian retail market as it has signed an agreement with Tata Group-led Trent.
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Retail giant Tesco's entry into Indian market has hit a regulatory roadblock.
Tesco, which has sought the government's permission to buy 50 per cent stake in Tatas-owned Trent Hypermarket Ltd, will have to invest atleast $55 million in creation of fresh back-end infrastructure.
The first such proposal in the sector has come from the joint venture between Tata-Trent and Tesco Plc, which will open outlets simultaneously in these two states.
Tesco was the first global retailer to apply for multi- brand retailing in India.
Big chains such as Star Bazaar, Future Group and D Mart have set up separate shelves to sell products of Patanjali.
Executives in the segment say some top European, Japanese and Korean retailers are seriously interested.
The reason for Trent's success is rooted in its slow and steady approach to expansion. Unlike others, Trent, led by Noel Tata, ensured that each store was profitable before it went on to the next, says Raghavendra Kamath.
Some analysts believe convenience stores could be challenged by digital grocery in the future.
The Indian government has simplified FDI policy inorder to attract global retail chains.
Robust same store sales, margin growth mark June quarter.
The company is not holding plans for clarity on policy.
Since allowing FDI in multi-brand retail has been left to the states, Indian companies may not benefit as foreign investors are wary of the politics.
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