Trent Q2 Results: Trent Ltd, a Tata Group company, posted a 46.9 per cent year-on-year (YoY) growth in consolidated net profit for the September quarter (Q2 FY25) to ₹355.06 crore on Thursday, November 7. The profit stood at ₹228.06 crore in the year-ago period.
Consolidated revenue from operations stood at ₹4,156.67 crore during the quarter under review as against ₹2,982.42 crore, up 39.3 per cent.
On a standalone basis, Trent's revenue jumped 39 per cent YoY to ₹4,035.56 crore while the net profit rose 46.18 per cent YoY to ₹423.44 crore. The operating EBIT margin in Q2 FY25 increased to 10.8% from 9.8% for Q2 FY24.
As of September 30, Trent's store portfolio included 226 Westside, 577 Zudio and 28 stores across other lifestyle concepts. During the quarter, it opened seven Westside and 34 Zudio stores (including one in Dubai) across 27 cities, the company said in a release today.
In an otherwise subdued consumer market, key initiatives including with respect to the product offer, the store portfolio and the operating supply chain helped us deliver encouraging results, the company said.
Commenting on the performance, Noel N Tata, Chairman, Trent Limited said, “Consumer sentiment has remained relatively muted. This coupled with seasonality has meant that retail businesses have faced headwinds. In the forgoing context, the team has delivered strong results across brands, concepts, categories and channels in Q2,”
We continue to pursue our expansion programme and deepen our store presence with the aim of being ever closer and convenient to customers, Tata said.
He further said the company is exploring additional avenues of growth and in this context has launched the first international Zudio store in the UAE and Zudio Beauty concept in India.
Following the earnings announcement, Trent share price saw a sharp decline, with the Nifty50 stock shedding over 8 per cent during the intra-day session on Thursday.
At 1.15 pm, Trent share price was down 8.47 per cent at ₹6,363.90 apiece on the BSE.
