Page 3 - Trent

Trent Q1 results: Tata Group's co posts profit up two-fold at Rs 391 cr

Tata Group retail firm Trent Ltd on Friday reported a two-fold increase in consolidated net profit to Rs 391.21 crore for the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 166.67 crore for April-June period a year ago, according to a regulatory filing from Trent Ltd, which operates retail stores under brand names Westside, Zudio and Star. Revenue from operations was up 56.15 per cent to Rs 4,104.44 crore during the quarter under review as against Rs 2,628.37 crore in the year-ago period, it added. Total expenses increased 48.49 per cent in the June quarter to Rs 3,704.61 crore. Total income was at Rs 4,150.40 crore, up 54.84 per cent year-on-year. As of June 30, Trent was operating 228 Westside, 559 Zudio and 36 stores across other lifestyle concepts, said an earning statement from the company. "During the quarter, we opened 6 Westside and 16 Zudio stores across 12 cities," it said adding "we continued to expand our footprint across all our

Trent, Bharat Electronics poised as contenders for Nifty50 in September

If added, both stocks could receive passive inflows in excess of Rs 3,000 crore

High growth and margin expectations likely to drive Trent's stock

Sharp decline in interest costs (lease-related) and higher income from associates (including Zara) helped growth in net profit, which was ahead of estimates

This Tata Group stock has surged 53% so far in CY24; jumped 120% in 6 mths

Trent stock price update: Shares of Trent hit a new high of Rs 4,669.95 as they rallied 7 per cent on the BSE in Tuesday's intraday trade

Trent Q3 results: Net profit rises two-fold to Rs 370.6 cr, revenue up 50%

Tata Group retail firm Trent Ltd on Wednesday reported a two-fold rise in consolidated net profit to Rs 370.64 crore for the third quarter ended December 2023, helped by strong momentum in sales and improved margins. The company had posted a consolidated net profit of Rs 154.81 crore a year ago, Trent Ltd said in a regulatory filing. Trent Ltd operates retail stores under the brand name Westside, Zudio and Star. Its consolidated revenue from operations surged 50.5 per cent to Rs 3,466.62 crore during the quarter under review. It was Rs 2,303.38 crore in the year-ago period, it added. Trent's total expenses rose 41.64 per cent in the December quarter to Rs 3,101.44 crore. "Across formats, we continued to register consistent growth, serving as a reaffirmation of our strategic choices. Our operating discipline, coupled with a focus on the speed of execution, supported our expansion agenda. Change in the revenue profile across formats remains aligned with our strategic objectives and

Tata-owned Trent Q3 profit jumps more than two-fold on festive demand

The Tata Group-owned company reported a consolidated net profit of Rs 371 crore (about $45 million) for the three months ended Dec. 31, from Rs 155 crore a year earlier

Trent outperforms market for 9th straight calendar year; zooms 127% in 2023

In CY19, Trent Ltd had rallied 46%, followed by 31% surge in CY20, 55% in CY21, and 27% in CY22

Stock of this Tata Group company has doubled in the past 10 months

Trent on Tuesday reported a strong 55.6 per cent year-on-year (YoY) jump in its Q2 standalone net profit to Rs 289.70 crore

Trent steals DMart's thunder to become hottest retail stock on valuations

Tata-owned fashion retailer's P/E ratio at 150 times is far ahead of DMart's 101 times

Trent rallies 7% to hit a new high in a tepid market on strong Q1 results

Brokerages estimate that Trent's robust performance during challenging times and industry leading performance will continue to warrant premium valuations

Retailers see strong top-line growth on low base in January-March quarter

ABFRL also saw a 26 per cent rise in net sales at Rs 2,880 crore in the January-March quarter as it focused on expanding its network of stores

Trent stays on growth track, stock rises 18% in 3 months; hit margins in Q4

Higher costs and lower value segment, however, hit margins in Q4

Tata Group-backed Trent's Q4 revenue jumps as fashion demand rises

Consolidated net profit for the quarter stood at 541.6 million rupees. It posted a profit of 1.6 million rupees a year earlier

Trent's outperformance likely to continue on strong topline momentum

Even as the top line performance exceeded estimates, the company's margin performance was disappointing

Trent reports consolidated net profit at Rs 154.81 cr in December quarter

Tata group retail firm Trent Ltd on Wednesday reported a consolidated net profit of Rs 154.81 crore in the third quarter ended on December 31, 2022. The company had posted a net profit of Rs 113.78 crore in the October-December quarter a year ago, Trent said in a regulatory filing. Its revenue from operations was at Rs 2,303.38 crore during the quarter under review compared to Rs 1,499.08 crore in the third quarter of FY22. Trent's total expenses were at Rs 2,189.62 crore. According to the company, its results for Q3 FY23 "are not comparable" with the corresponding quarter and period of the previous year. "This (the consolidated net profit result) gave the change in profile & quantum of inventory provisioning, rent waivers etc between the three quarters on account of the pandemic. Q3 FY22 had accounting for rent waivers and reversals relating to inventory provisioning. Accordingly, the CAGR of revenues and profitability versus FY20 is more representative of growth," it ...

Trent's Q2 net profit jumps 41% to Rs 193 crore on robust revenue

Tata Group retail arm Trent on Thursday reported an on-year 41 per cent jump in standalone net income at Rs 193 crore in the September quarter, driven by robust revenue. Revenue, including GST, rose 78 per cent to Rs 1,929 crore, which is the highest ever for a quarter, the company said in a statement. On a consolidated level, revenues rose 66 per cent to Rs 1,952 crore and the company earned a net income of Rs 93 crore in the second quarter of the current fiscal. Trent's Chairman Noel Tata said their fashion concepts have once again displayed encouraging growth momentum in the second quarter and the company continues to expand its reach and reinforce its lifestyle offerings across concepts, categories and channels. Trent operates five brands/formats -- the flagship premium Westside; the value format fashion destination Zudio; the food, grocery and daily needs segment under Trent Hypermarket and also under the Star banners, and the family entertainment format store Landmark ...

Varun Beverages, ABB, Page among six stocks that could become large-caps

They could replace Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, Bandhan Bank and Paytm, which may move to mid-cap space, reveals analysis by Brian Freitas of Periscope Analytics

Brokerages expect Trent to be on growth runway after strong Q1 results

A CUT ABOVE Improved presentation in new categories, JVs/associates to gussy up retail major's consolidated performance

Trent surges 8%, hits record high on hopes of strong earnings

The stock has gained 19 per cent in the last one month after the company reported a strong set of numbers for the December quarter and the management showed optimism over the future growth.

Trent's net profit zooms 79% to Rs 199 crore in December quarter

Tata Group's retail arm Trent, headed by Noel Tata, reported a 79 per cent jump in standalone net profit to Rs 199 crore for the December 2021 quarter.