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.
Retail giant Tesco will make foray into Indian retail market as it has signed an agreement with Tata Group-led Trent.
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.
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.
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.
They plan to cut shop sizes and look at opening standalone stores after years of losses.
Tesco proposal entailing investment of $110 million has been cleared, sources said after the FIPB meeting held in New Delhi.
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Retail giant Tesco's entry into Indian market has hit a regulatory roadblock.
Robust same store sales, margin growth mark June quarter.
Titled India's Favourities, it was launched in September last year, to raise money for various causes concerning underprivileged children.
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 company has entered into an exclusive franchise agreement with Tata group's retail venture Trent, which will help in driving the latter's hypermarket format Star Bazaar. Tesco plans to develop new wholesale outlets, which will offer a range of food, grocery and non-food products to small retailers, restaurants, kirana stores and other businesses.
The UK-based retailer can add to the best practices it already brings to Tata's retail business.
Trent, the retailing chain of the Tata group, on Tuesday said it would invest more than Rs 100 crore (Rs 1 billion) over the next 2-3 years to increase the presence of its flagship retail chain outlet 'Westside' and hypermarket 'Star India Bazaar'.
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 Indian government has simplified FDI policy inorder to attract global retail chains.
Some analysts believe convenience stores could be challenged by digital grocery in the future.
The company is not holding plans for clarity on policy.
The Raheja-owned Shoppers Stop, which was so far an up market department chain, is becoming a full service retailer soon. It is increasing its stake in the promoter group's hypermarket chain Hypercity from 19 per cent to 51 per cent.
The UK's largest retailer, with revenues of 67 billion pounds, is currently focusing on its existing franchise agreement with the Tata-run Trent.
'Unlike Big Bazaar, where the promoter calls the shot, in ABRL, professionals take decisions. So, every new CEO leads to a change in strategy, which confuses vendors and the team.'
Tesco, which has a franchise agreement with Trent Hypermarkets for the latter's back-end operations, is believed to be interested in investing in those hypermarkets
Noel Tata likes to relax at his Alibaug beach home on weekends, but he is equally passionate about driving on the Mumbai-Pune Expressway at a speed of over 100 kilometres per hour.
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.
The expansion into smaller towns is coming at a time when the online retail space has not only seen consolidation but is actually looking to collaborate with physical stores. Abhineet Kumar reports.
The company has a network of 4,000 distributors, 10,000 stores and 100 mega marts.
Feel the pinch of predatory pricing by e-tailers
It entered India in 2006, with the aim of tapping the promising consumer market.
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