Department Stores company Trent announced Q3FY24 results: Consolidated Q3FY24: Revenues (incl. GST): Rs 3,686 crore in Q3FY24 versus Rs 2,460 crore in Q3FY23, witnessing a 50% increase from the previous year. The three-year CAGR is reported at 37%. Profit Before Tax (PBT): Rs 475 crore in Q3FY24 in comparison to Rs 204 crore in Q3FY23, which is a 132% increase year-over-year. The CAGR over the same period is 50%. Standalone Q3FY24: Revenues (incl. GST): Rs 3,521 crore in Q3FY24 compared to Rs 2,319 crore in Q3FY23, marking a 52% growth year-over-year. The Compound Annual Growth Rate (CAGR) from Q3FY20 was 39% for revenues. Profit Before Tax (PBT): Rs 447 crore in Q3FY24, a significant increase from Rs 210 crore in Q3FY23, showing a growth of 113%. The PBT CAGR over Q3FY20 stood at 47%. The company added 56 new stores in Q3, expanding its fashion store portfolio to 715 stores. Operating EBIT margin for Q3FY24 was noted as 13.0% (8.5% for Q3FY23). Operational Highlights: Store Expansion: 5 new Westside and 50 new Zudio stores opened, with expansions into 36 cities, including 13 new cities. Like-For-Like (LFL) Growth: Over 10% LFL growth in fashion concepts compared to Q3FY23. Emerging Categories: Contribution of over 19% to the standalone revenues, indicating customer traction. Online Revenues: Representing more than 5% of Westside revenues, showing profitable growth. Star Business Performance Registered 26% revenue growth in Q3FY24 over Q3FY23, primarily attributed to like-for-like stores and volumetric growth. All-round Operating Performance Improvement driven by staples, fresh & general Merchandise. Speaking on the performance, Noel N Tata, Chairman of Trent, stated, "Our lifestyle offerings across concepts, categories, and channels witnessed strong momentum in Q3FY24. The growing scale of our operations distinctly enables us to realize greater operating synergies. We continue to see growing relevance for our offerings, resilience in our business model choices, and attractiveness of our differentiated platform. We will continue to expand and deepen our store presence with the aim of being ever more proximate and convenient to customers, reinforcing our brand promise. We believe that our strategic differentiators will continue to provide us encouraging tailwinds. We have applied our playbook to the Star business and are witnessing strong customer traction, instilling a growing conviction to build out this growth engine in the food and grocery space. We are confident that this business is also well poised to shift gears and deliver substantial value to customers and shareholders going forward. The growing acceptance of our brands demonstrates the attractiveness of our platform and the tremendous potential to address opportunities that lie ahead.” Result PDF