Trent Ltd Q2 FY25 Earnings: 46.9% YoY Profit Growth, Revenue Up 39%

Trent Ltd, a Tata Group company, reported impressive financial results for Q2 FY25, showing a substantial year-on-year (YoY) growth in both profit and revenue. 

For the quarter ending September 30, the company’s net profit surged by 46.9% to ₹355.06 crore compared to ₹228.06 crore in the same period last year. Revenue from operations rose by 39.3%, reaching ₹4,156.67 crore, up from ₹2,982.42 crore in Q2 FY24.

Standalone Performance Boosts Results

On a standalone basis, Trent’s performance was equally strong. The company’s revenue grew by 39% YoY to ₹4,035.56 crore, while its net profit increased by 46.18% YoY to ₹423.44 crore. The operating EBIT margin also improved, rising from 9.8% to 10.8% in Q2 FY25.

Expansion and Store Growth

Trent’s store portfolio grew during the quarter, which included 226 Westside stores, 577 Zudio outlets, and 28 stores across other lifestyle concepts. The company opened 7 Westside stores and 34 Zudio stores, including its first international Zudio store in Dubai, across 27 cities.

Management Commentary on Performance

Noel N Tata, Chairman of Trent Ltd, commented on the results, acknowledging the muted consumer sentiment and seasonal challenges faced by the retail sector. Despite these challenges, Trent delivered strong performance across its brands and concepts. Tata also highlighted the company’s ongoing expansion efforts, including the launch of the Zudio Beauty concept in India and further store openings, both domestically and internationally.

On November 08, 2024, Trent Ltd share price opened at ₹6,550.00 and touched the day low of ₹6,350.10 at 09:42 AM.

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