Trent Share Price: When Trent revealed consolidated net profit of Rs 370.6 crore for the December quarter of FY24—up 39.4% from Rs 154.81 crore in the same quarter of the previous fiscal year—shares of the retail player saw a nearly 20% spike in trading on February 7.
The retailer affiliated with the Tata Group reported a 50.5 percent increase in revenue to Rs 3,466.6 crore from Rs 2,303.4 crore in the same quarter last year. The company reported in a regulatory filing that its earnings before interest, tax, depreciation, and amortization (EBIDTA) increased by 94.6 percent to Rs 629 crore. The margin was 18% as opposed to 14% during the same time last year.
Our consistent growth across all formats served as a confirmation of our strategic decisions. Our expansion agenda was supported by our operating discipline and attention to execution speed. The shift in the revenue distribution across formats is still consistent with our strategic goals and plans. According to the company’s filing, “the gross margin profile of Westside and Zudio continues to remain consistent with earlier trends.”
Trent had 28 stores across various lifestyle concepts, 460 Zudio, and 227 Westside in his portfolio as of December 31, 2023. The company opened 50 Zudio and five Westside stores in 36 cities, including 13 new ones, during the quarter.
Customers continued to show interest in Trent’s new product categories, which included footwear, innerwear, and beauty and personal care. Over 19% of our standalone revenue comes from emerging categories. Through Westside.com and other Tata group platforms, the company’s online revenues are still growing profitably and currently account for more than 5% of total Westside revenues.
Shares of Trent have jumped 105 percent over the last six months, more than doubling the wealth of investors. By contrast, over the same period, the benchmark index, the Nifty 50, has increased by about 12 percent.
Trent Limited, which manages a variety of retail ideas. Trent offers three main customer propositions: Trent Hypermarket, which operates under the Star banner in the competitive food, grocery, and daily needs segment; Zudio, a one-stop shop for great fashion at great value; and Westside, a fashion retail chain.
About Trent
Trent Limited is an Indian company that deals in merchandise trading and retailing. The business sells and trades toys, games, accessories, clothing, and footwear. It uses the retail formats of Westside, Zudio, Utsa, StarHypermarket, Landmark, Misbu / Xcite, Booker Wholesale, and ZARA. Westside, the company’s flagship format, provides furniture, décor, and a variety of home accessories in addition to clothing, shoes, and accessories for men, women, and children. In keeping with its focus on family entertainment, Landmark provides a selection of toys, first-rate novels, and sports memorabilia. Zudio offers clothing and shoes for men, women, and kids in its value retail format. Utsa, a modern Indian lifestyle brand, sells ethnic clothing, cosmetics, and accessories.
Products offered by the company’s chain of hypermarkets and supermarket stores under the Star Market concept include drinks, food staples, and cosmetics and health care items.
Fundamentals
| Market capital | Rs. 1,28,304 Cr. | ROE | 21.60% |
| P/E Ratio (TTM) | 153.32 | EPS(TTM) | 23.54 |
| P/B Ratio | 44.03 | Dividend Yield | 0.06% |
| Industry P/E | 101.64 | Book Value | 81.97 |
| Debt To Equity | 1.66 | Face Value | 1 |
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