This Tata stock has delivered a 2x return on investment in 2024

At 1:35 pm, the stock was trading at ₹6,896.4, up 1.6%, on the National Stock Exchange (NSE). Intraday, it jumped as much as 2% to its 52-week-high of ₹6,923.9.

The company's market capitalisation is 2.45 lakh crore, while its free float m-cap is 1.51 lakh crore.

In the past one month, the scrip has gained 32%. The company has given returns of 124.7% year-to-date (YTD) and has soared 238% in the past year.

Trent Q1 profit up two-fold

Trent, in an exchange filing on August 9, had reported a two-fold jump in its consolidated net profit to ₹391.2 crore for the first quarter of the financial year 2024-25. In the year-ago period, the company had posted a net profit of ₹166.6 crore.

Trent, which operates retail stores under the brand names Zudio, Westside, and Star, reported a 56.1% increase in revenue from operations to ₹4,104.4 crore, compared to ₹2,628.3 crore a year ago.

Total expenses grew 48.4% in the latest June quarter to ₹3,704.6 crore, while total income was up 54.8% year-on-year (YoY) to 4,150.4 crore.

As of June 30, Trent operated 559 Zudio, 228 Westside, and 36 stores across other lifestyle concepts.

"During the quarter, we opened 6 Westside and 16 Zudio stores across 12 cities," the company said, adding, "We continued to expand our footprint across all our fashion formats, and we now have a presence across 178 cities."

Trent's fashion concepts registered double-digit like-for-like (LFL) growth in the April-June quarter.

"Both Westside and Zudio witnessed consistent and encouraging traction notwithstanding headwinds including the heatwave conditions in certain parts of the country and the general elections," it said.