Trent Q1 results: Tata Group shares hit record high after revenue, earnings beat estimates, margins rise

Tata Group’s Trent Ltd., operator of Westside and Zudio outlets across the country, on Friday reported second-quarter June results that beat estimates on most parameters.

Net profit for the period rose to ₹391.2 crore, from ₹166.7 crore in the previous year. The profit was also higher than the CNBC-TV18 survey figure of ₹340 crore.

Revenue for the quarter rose 56.2% year-on-year to ₹4,104.4 crore, also beating estimates of ₹3,810 crore.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter also rose 66.7% year-on-year to ₹612.6 crore. A CNBC-TV18 analyst survey had estimated the figure at ₹588 crore.

EBITDA margin for the quarter increased 100 basis points year-on-year, from 14% to 15%, but was slightly below expectations of 15.4%.

The street worked with a strong quarter for Trent thanks to Zudio’s expansion. The company said at its annual general meeting that it aims to add 200 Zudio stores in fiscal 2025.

Trent shares are trading 7.7% higher at ₹6,079 after the results were announced. The stock has regained ₹2 lakh crore in market capitalisation after first hitting the benchmark in July.