Trent shares climb 5% as company crosses operating portfolio of over 1,000 large-box fashion stores

A big-box or large-box store is a physically large retail establishment, usually part of a chain of stores.

The Westside and Zudio brands have to date served over 100 million customers across 230 cities, it added.

The stock market was closed on Monday on account of Eid al-Fitr.

For the December quarter of the fiscal year 2024-25 (FY 25), the Tata Group retail firm reported a 34% increase in consolidated net profit to ₹496.54 crore, helped by the expansion of the store network and an increase in attractive value propositions.

Its consolidated revenue from operations grew 34.32% to ₹4,656.56 crore during the quarter under review. It stood at ₹3,466.62 crore in the year-ago period, it added.

The company's total expenses increased 32% to ₹4,096.08 crore in the December quarter.

The total consolidated income, which includes other income, climbed 33% to ₹4,715.64 crore during the period under review.

As of December 2024, Trent was operating 238 Westside, 635 Zudio and 34 other stores across other lifestyle concepts, its earnings statement said.

In Q3, Trent had a "faster pace" of store additions and now operates with a significant portfolio of more than 850 "large-box" fashion stores.

"Also, we continue to selectively refresh our store footprint across concepts, with a presence now across 201 cities. During the quarter, we opened 14 Westside and 62 Zudio stores (including 1 in Dubai) across 46 cities and consolidated 2 Westside and 4 Zudio stores," it said.

The gross margin profile of Westside and Zudio remains consistent, it said, adding that overall, the operating EBIT (earnings before interest and taxes) margin for Q3FY25 was 13.1% against 13.3% for Q3FY24.

Trent's stock price trend

Shares of the company hit an all-time peak of ₹8,345.85 apiece on the BSE on October 14, 2024.

On Friday, March 28, the stock ended at ₹5,311.05 on the BSE. This shows that the stock is currently trading 36% lower from its record-high level.

Trent is a part of the BSE 100 universe.

Shares of the company have rallied over 44% in the past 12 months and over 13% in the past month. In the last five days, the stock price has rallied over 7.5% (including today's rally).