Standalone Results:
- Standalone revenues were at Rs. 3,063 Crore, a substantial 59% increase compared to the same quarter in the previous year.
- Profit Before Tax (PBT) for this quarter was Rs. 375 Crore, reflecting a significant growth of 54%.
- Over the past few years, there has been a Compound Annual Growth Rate (CAGR) of 37% for revenues and 60% for PBT, which is a strong indicator of the company’s growth trajectory.
- The Star brand’s revenues were up 30% in comparison to the previous year, with a CAGR of 20% since Q2FY20.
Trent Limited’s strategic decisions and operational efficiency have contributed to revenue growth, even in challenging market conditions. They have been focusing on expanding their store network and maintaining consistent gross margins. The Operating EBIT margin for this quarter stood at 10.8%, up from 9.7% in the same period last year, which is a positive sign. The company’s performance and growth trends support their plans for further expansion.
As of September 30, 2023, Trent Limited’s portfolio included 223 Westside stores, 411 Zudio stores, and 27 stores across other lifestyle concepts. In this quarter, they added 6 Westside and 27 Zudio stores in 19 different cities.
Their fashion concepts have seen strong Like-For-Like (LFL) growth, with a focus on offering consistent value and a unique product range to customers. Emerging categories like beauty and personal care, innerwear, and footwear have also gained popularity and now contribute over 19% of the company’s standalone revenues.
Consolidated Results:
- Consolidated revenues, which don’t include Trent Hypermarket business revenues, reached Rs. 3,164 Crore, marking a 52% growth compared to the same quarter in the previous year.
- The PBT for the consolidated results was Rs. 314 Crore, reflecting a remarkable 129% increase.
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