Trent shares surge 13% to hit record high after Q1 net profit rise 135% YoY to ₹391 crore; check details

Shares of Trent Ltd surged nearly 13% to hit a fresh 52-week high of ₹6373.85 apiece on the NSE on Friday, August 9, after the company’s consolidated net profit more than doubled in Q1FY25 compared to the year-ago period.

The company’s net profit in Q1FY25 increased over 135% year-on-year to ₹391.21 crore compared to ₹166.67 crore in Q1FY24.

The retail arm of Tata Group reported a more than 56% rise in consolidated revenue from operations to ₹4,104.44 crore in the June quarter compared to ₹2,628.37 crore in the year-ago period.

The company’s revenue from operations for the June quarter of FY25 increased more than 24% quarter-on-quarter from ₹3,297.7 crore in the March quarter of FY24. Sequentially, net profit decreased over 45% from ₹712.09 crore in Q4FY24.

The retail firm’s Operating Earnings Before Interest and Taxes (EBIT) grew nearly 113% to ₹417 crore against ₹196 crore in the June quarter for FY24. The company’s Operating EBIT margin for Q1FY25 improved 300 basis points to 11% from 8% in Q1FY24.

The Westside and Zudio retail chain operator informed the bourses that its portfolio of fashion stores increased to 823 outlets in Q1FY25 as it opened 25 new stores during the quarter. The company also said that its store portfolio included 228 Westside, 559 Zudio and 36 stores as of June 30, 2024.

Trent is a leading player in the branded retail industry. The company owns and operates retail formats such as Westside, Zudio, and Utsa. It also runs retail chains like Star Bazaar and Zara through joint ventures.

Trent Ltd shares are trading at ₹6,207 apiece, up 9.99% on the NSE at 2:30 pm. Trent Ltd shares have rallied over 244% in the past one year and 103% so far this year in 2024. The stock has gained over 64% in the last six months and over 11% in the past month.