New Delhi: Trent Limited, on Thursday, has reported a surge of 46.9 per cent in consolidated net profit after tax (PAT) to Rs 335.06 crore in the second quarter that ended September 30, 2024 as against the consolidated PAT of Rs 228.06 crore in the same period of the previous fiscal, the company said in a regulatory filing.
It recorded consolidated revenue from operations of Rs 4,156.67 crore, which grew by 39.3 percent in Q2 FY25 compared to Rs 2,982.42 crore in Q2 FY24.
Trent’s total expenses also rose to Rs 3,743.61 crore in Q2 FY25 as against the total expenses of Rs 2,773.52 crore in Q2 FY24, as per the BSE filing.
In Q2, the company continued to deepen and expand store footprint across concepts, with presence now across 184 cities. It now operates with a significant portfolio of over 800 ‘large-box’ fashion stores.
As of 30th September, its store portfolio included 226 Westside, 577 Zudio and 28 stores across other lifestyle concepts. It opened 7 Westside and 34 Zudio stores (including 1 in Dubai) across 27 cities and also consolidated 9 Westside and 16 Zudio stores during the second quarter.
In an otherwise subdued consumer market, key initiatives including with respect to the product offer, the store portfolio and the operating supply chain helped the company deliver encouraging results, the company said in a statement.
The change in revenue profile across our concepts remains broadly in line with our strategic objectives and plans. The gross margin profile of Westside and Zudio remains consistent. Overall, the operating EBIT* margin for Q2 FY25 was 10.8% (9.8% for Q2 FY24), it shared.
Speaking on the performance, Noel N Tata, Chairman, Trent Limited 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.”
