Department Stores company Trent announced Q2FY25 results Standalone Financial Highlights: Revenue: Rs 4,260 crore compared to Rs 3062 crore compared to Q2FY24, change 39%. PBT: Rs 555 crore compared to Rs 375 crore compared to Q2FY24, change 48%. Consolidated Financial Highlights: Revenue: Rs 4,394 crore compared to Rs 3164 crore compared to Q2FY24, change 39%. PBT: Rs 467 crore compared to Rs 314 crore compared to Q2FY24, change 49%. Noel N Tata, Chairman, Trent, said: "Consumer sentiment has remained relatively muted. This coupled with seasonality has meant that retail businesses have faced headwinds. In the forgoing context the team has delivered strong results across brands, concepts, categories and channels in Q2. The market opportunity associated with building brands and a pure play direct-to-customer business like ours remains immense. We continue to pursue our expansion programme and deepen our store presence with the aim of being ever closer and convenient to customers. Also, we seek to explore additional avenues of growth. It is in this context that we recently launched our first international Zudio store in the UAE and the Zudio Beauty concept in India. We have applied Trent’s playbook to the Star business and are witnessing strong customer traction. The success of own branded products augurs well for the Star business. We are confident that this business is well poised to shift gears and deliver substantial value to customers and shareholders.” Result PDF
Department Stores company Trent announced Q1FY25 results: Revenues: Rs 4,354 crore in Q1FY25, up 55% from Rs 2,808 crore in Q1FY24. The Compound Annual Growth Rate (CAGR) over Q1 FY20 is 38%. Profit Before Tax (PBT): Rs 501 crore in Q1FY25, an increase of 136% from Rs 212 crore in Q1FY24. The CAGR over Q1 FY20 is 49%. Portfolio of 823 fashion stores | 25 stores opened during the quarter Standalone revenues and PBT up 56% and 133% over Q1FY24 CAGR over Q1FY20: 39% for revenues and PBT Star revenues up 29% over Q1FY24 | 6 new stores added The gross margin profile of Westside and Zudio continues to remain consistent with earlier trends registered by us. Overall, the Operating EBIT* margin for Q1FY25 was 10.6% (7.8% for Q1FY24). The Star business registered operating revenue growth of 29% in Q1FY25 with LFL growth of over 20%. The business continued to witness all-round improved operating performance, driven by our own brands, staples, fresh & our general merchandise offerings which now contribute to over 70% of revenues Speaking on the performance, Noel N Tata, Chairman, Trent said, "The overall market sentiment remains subdued with increased competitive intensity. On our part, we continue to witness encouraging traction for our lifestyle offerings across brands, concepts, categories and channels. Focus on delivering consistent and improved value propositions keep us relevant for our customers. The market opportunity associated with building brands and a pure play direct-to-customer business like ours is immense. We will, therefore, continue with our expansion plans and deepen our store presence with the aim of being ever closer and convenient to customers and reinforcing our brand promise. We have applied Trent’s playbook to the Star business and are witnessing strong customer traction. Several new stores were added in Q1 and we expect a steady expansion of our portfolio going forward. The success of own branded products also augurs well for the Star business. We are confident that this business is well poised to shift gears and deliver substantial value to customers and shareholders.” Result PDF