In Wednesday’s trading session, Trent’s shares soared to an all-time high of Rs 1,479 per share on the BSE, as the company’s market capitalization surpassed Rs 50,000 billion and it entered the top 100 list of firms by market capitalization. The stock has increased by over 11% during the last five trading days and is up more than 39% year to date in 2022.
Trent Ltd., the retail division of the Tata group company, posted a combined net profit of Rs 115 crore in the first quarter of the current fiscal year as opposed to a net loss of Rs 138 crore in the same period last year. Its operating revenue for the reviewed quarter totaled Rs 1,803 crore, more than trebling from the pandemic-affected quarter’s level of Rs 492 crore.
“The group’s financial performance for the corresponding quarter of the previous year had been impacted by Covid-related business disruptions. The relative operating performance for a few weeks in Q4FY22 had also got impacted due to temporary restrictions imposed in wake of the third Covid wave. However, Covid-related disruptions have declined thereafter,” said Trent.
Trent’s primary source of growth is still Zudio. In the years FY22–24E, we anticipate a 50% CAGR in revenue growth. The company noted that its long-term goal is to increase sales at a CAGR of 25% or more.
One of the top companies in India’s branded retail sector is Trent. As a member of the Tata Group, Trent’s flagship concept, Westside, provides branded clothing, accessories, and footwear for men, women, and children as well as a selection of home furnishings and decor.
Additionally, it features brands including Zudio, a bargain fashion concept, Star Market, a chain of supermarkets and hypermarkets, and Landmark, a family entertainment concept that sells a selected selection of toys, frontlist books, stationery, and sports gear.
