3 weeks ago
Trent Q1 profit jumps 22%, revenue rises 18% year-on-year
Trent is a big clothing store company in India backed by the Tata Group.
It owns store chains called Westside and Zudio.
The company told everyone how much money it made in the first part of the year.
Profits went up by about 22 percent compared with the same time last year.
The money earned from sales also went up by about 18 percent.
Trent keeps growing by opening new stores, adding one Westside store and 22 Zudio stores during the quarter.
One of those new Zudio stores is in a country called the UAE.
Trent now has more than 1,300 big stores in 330 cities.
Those stores cover more than 18 million square feet of shopping space.
The company's leader, Noel Tata, says there is still lots of room to grow because Trent's brands are still a small part of the whole clothes market.
Trent's Q1FY27 consolidated net profit rose 21.98% year-on-year to Rs 518.07 crore; another report put the gain at 20.8% to Rs 519 crore.
Revenue from operations grew 17.84% year-on-year to Rs 5,754.71 crore, below Bloomberg consensus estimates of Rs 5,878 crore.
Trent opened one Westside store and 22 Zudio stores during the quarter, including one in the UAE, and entered nine new cities.
Consolidated EBITDA rose 33.1% year-on-year to Rs 1,129 crore, with margin up 220 basis points to 19.6%.
Chairman Noel N. Tata said Trent's brands still represent a small share of the addressable market, providing significant headroom for growth.
- Who
- Trent Limited, a Tata Group-backed Indian fashion retailer, and its Chairman Noel N. Tata.
- What
- Trent reported Q1FY27 results with consolidated net profit rising 21.98% year-on-year to Rs 518.07 crore and revenue from operations up 17.84% to Rs 5,754.71 crore.
- Where
- India, where most of Trent's stores are located, and the United Arab Emirates, where it operates three stores.
- When
- Q1FY27, the April-June quarter ending June 30; results were announced on a Thursday.
- Why
- Trent expanded its Westside and Zudio store network and reported stronger operational performance, while Chairman Noel Tata said its brands still hold a small share of the addressable market, leaving significant headroom for growth.
Key facts
- Q1FY27 Net Profit
- Rs 518.07 crore, up 21.98% YoY (one report cites 20.8% rise to Rs 519 crore)
- Q1FY27 Revenue
- Rs 5,754.71 crore, up 17.84% YoY (Bloomberg consensus: Rs 5,878 crore)
- Consolidated EBITDA
- Rs 1,129 crore, up 33.1% YoY; margin 19.6% (up 220 bps)
- Total Large-Box Stores
- 1,312 stores across 330 cities, including three in the UAE (301 Westside, 982 Zudio, 29 lifestyle)
- Retail Footprint
- Over 18 million square feet
- Stores Added in Q1
- 1 Westside and 22 Zudio stores, including one in the UAE; 9 new cities entered
- Share Price Reaction
- Closed at Rs 3,110 on BSE, up 0.16%; intraday gains of 7.5% and 4.56% reported by different outlets
- Emerging Categories
- Beauty & personal care, innerwear and footwear contributed over 21% of Q1 revenue
Quotes
Noel N. Tata
Chairman of Trent
““Our brands continue to represent only a small share of the overall addressable market, providing significant headroom for growth across geographies and customer segments.””
financialexpress.com
financialexpress.com
Sources
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