Trent Q3: Consolidated net profit jumps 34% to ₹496.5 crore, revenue rises to ₹4,656.56 crore

Sequentially, the profit increased over 48% from ₹335 crore in the September quarter.

The company’s consolidated revenue from operations also rose 34.3% to ₹4,656.56 crore during the reporting quarter as compared to ₹3,466.62 crore.

Overall, the Zudio-parent firm’s operating EBIT margin for Q3FY25 was 13.1% year-on-year as against 13.3% in Q3FY24.

During the quarter, the company has opened 14 Westside and 62 Zudio stores (including 1 in Dubai) across 46 cities and consolidated 2 Westside and 4 Zudio stores, it said in a regulatory filing. As of December 31, Trent’s store portfolio included 238 Westside, 635 Zudio and 34 stores across other lifestyle concepts.

“While store expansion is a key growth lever for us, maintaining the quality and physical aesthetics of stores and ensuring consistent customer experience is equally an important objective,” the company said. “Together with a revenue growth of 43% over 9MFY24 we have registered a volume growth of 39%. Our Westside loyalty program, WestStyleClub, continued to witness strong traction during the period,” it further said.

Shares of the company was trading at ₹5744.70 apiece on BSE, losing 0.12%.

Commenting on the third quarter performance, Trent’s chairman Noel Tata said, “We remain on track to strongly expand our reach and at the same time improve the quality of our store portfolio. The strong store opening program this year together with other levers keeps our growth journey on track. The value proposition of our brands continues to resonate well with customers across geographies as reflected in the encouraging results.”

Trent's board of directors has also approved a proposal for sale of 1.75 lakh ( or 1,75,450) equity shares of face value ₹ 1,000/- each held by the Company in Massimo Dutti India Private Limited (MDIPL), an associate company with 49% shareholding, pursuant to the offer received from Grupo Massimo Dutti, Spain for purchase of said equity shares at a price of ₹1,182.6 per equity share aggregating to ₹20.75 crore.

"Consequent to this and upon conclusion of the said share transfer, the company’s shareholding in MDIPL would stand at 20%," the company said in a regulatory filing.