Sales recovery, margin gains help Trent outperform peers in Sept quarter

Aggressive expansion and good execution are expected to could keep growth rates elevated going ahead

The Trent stock gained about 5.3 per cent in trade on Wednesday and was among the top gainers in the BSE 200 Index. The gains came after the company beat analyst estimates in the September quarter across all parameters. 

Led by strong store additions, the company posted its best ever quarterly revenue performance. On a lower base, sales in the quarter at Rs 1,040 crore was up 2.2 times over the year ago quarter. Store additions grew by 46 per cent helping the company achieve revenues which were 25 per cent above pre-Covid levels. On a like-to-like basis however sales