Page 5 - Trent

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.

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

Trent rallies 9% on strong September quarter results

The company said the recovery in revenue coupled with various cost mitigation measures, including with respect to property related pay-outs led to improved operating profitability

Stocks to Watch: SBI, Airtel, SpiceJet, Trent, Mtar, Pfizer, HPCL, Bata

SBI and other banking shares, along with stocks of companies to report earnings today will be in focus

Consumer demand may rebound in Q2 this fiscal: Trent Chairman Noel N Tata

Customer demand should rebound strongly, possibly from the second quarter onwards, said Trent Chairman Noel N Tata, though he remained "cautiously optimistic" on the medium-term outlook. With growth drivers such as favourable demographics, increasing per capita and disposable income, and growing consumption, India is expected to return to a strong growth trajectory, despite uncertainty over near-term outlook, he added. Trent will continue to focus on building out differentiated brands and accelerating its reach through stores and digital platforms, said Tata in the latest annual report of Trent Ltd - the Tata Group's retail arm. "While we cannot predict how quickly we will see the back of this crisis, there is a reason to believe that we will see a transition out of this pandemic phase. And when it does abate, customer demand should rebound strongly, possibly starting in the second quarter," he said. Tata further said he is "confident" that the business has the "expertise and ...

Trent stock again trending with investors as growth visibility improves

Well-placed in the apparel retailing market to benefit from the macro recovery, say analysts