Trent Ltd, the parent company of Zudio and Westside, reported a 34% year-on-year increase in net profit for the third quarter of FY25, reaching ₹496.54 crore. This is in line with market expectations, as a Moneycontrol poll had estimated the company’s net profit at ₹505 crore. In the same quarter last year, Trent had reported a net profit of ₹370.64 crore.
The company’s revenue from operations also saw a 34% jump, reaching ₹4,656.56 crore, compared to ₹3,546.95 crore in the year-ago period. Total income stood at ₹4,715.64 crore, while total expenses increased to ₹4,096.08 crore during the quarter.
Trent continued its expansion campaign, opening 14 new stores in Westside and 62 stores in Zudio in 46 locations, one of them in Dubai. Today, it operates 238 stores in Westside, 635 stores in Zudio, and 34 stores in its concept stores, with a retail presence of over 11 million square feet.
Among Trent’s segments, its apparel offerings fared well, while its food and grocery operations saw a lower LFL growth of 10%, 24% down in the same period last year. Emerging categories including beauty, innerwear, personal care, and footwear contributed over 20% of overall sales.
Chairman Noel Tata mentioned that Trent continues to believe in growing its store base and strengthening its brand value, which continues to resonate with its customers well. He also mentioned that its Star business, with a focus on food and grocery retail, is attracting strong customer traction and is well-placed for future growth.
Alongside the Q3 earnings, Trent also announced a 1.75 lakh-share disposal in Massimo Dutti India for a consideration of ₹20.75 crore. After its disposal, its holding in the entity will fall to 20% from 49%. The disposal will occur in March 2025
Despite the strong quarterly performance, Trent’s stocks declined 7% post earnings, trading at a price of Rs 5,359 a share at 2:50 pm. There was significant trading in the stocks, with volumes almost four times 10-day average volumes.
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Source: Moneycontrol.
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