Trent Ltd shares saw steep decline of 8.28% on Bombay Stock Exchange (BSE) today despite announcing a jump of 34% year-on-year (YoY) in its net profit to Rs 496.54 for Q3FY25 crore as compared to Rs 370.64 crore reported in the corresponding quarter of last year. Last trading price of Trent shares on BSE stood at Rs 5275.00 per share. Meanwhile, it witnessed sharp fall year-to-date (YTD) as shares slipped 25.36%.
However, in last 1-year, Trent zoomed 73.83%. The company’s market capitalisation stood at Rs 1,87,519.64 crore, according to BSE. The stock’s return on equity is 37.06%. Check more details below:
Trent Q3 Results
The company announced its revenue from operations at Rs 4656.56 crore for the quarter under review, reflecting a surge of 34% YoY. The Tata Group company declared the total income at Rs 4715.64 crore for Q3FY25, up 33% YoY from Rs 3546.95 crore announced in Q3FY24. Its total expenses zoomed to Rs 4096.08 crore for the quarter ended December 31, 2024 as against Rs 3101.44 crore in the similar quarter of last year. Trent declared its EPS for Q3FY25 at Rs 13.99 from 10.53 in Q3FY24.
The company said in its BSE filing, “in line with our plans, Q3 witnessed faster pace of store additions. We now operate with a significant portfolio of over 850 “large-box” fashion stores. Also, we continue to selectively refresh our store footprint across concepts, with presence now across 201 cities. During the quarter, we opened 14 Westside and 62 Zudio stores (including 1 in Dubai) across 46 cities and consolidated 2 Westside and 4 Zudio stores. As of 31st December, our store portfolio included 238 Westside, 635 Zudio and 34 stores across other lifestyle concepts.”
Speaking on the performance, Mr. Noel N Tata, Chairman, Trent Limited said, “We remain on track to strongly expand our reach and at the same time improve the quality of our store portfolio. The strong store opening program this year together with other levers keeps our growth journey on track. The value proposition of our brands continues to resonate well with customers across geographies as reflected in the encouraging results.”
Trent Shares Fall 36.79% From 52-Week High
The stock witnessed decline of 36.79% from 52-week high price of 8345.85 per share if today’s last trading price of Rs 5,275.00 per share is taken into perspective.
Trent Share Performance
The 52-week high price of Trent share on BSE is Rs 8,345.85 per share (as on 14/10/2024) and 52-week low price is Rs 2,956.85 per share (as on 07/02/2024), respectively. Trent share dived 8.04% in last 2-weeks, surged 1.10% in last 6-months, and offered return of 329.04% in last 2-years. In last 5-years, Trent stock soared 787.97% and delivered maximum returns of 3480.15% in last 10-years.
Trent Dividend History
The company did not declare any dividend while announcing its Q3 results today. Trent recommended a total of 27 dividends since July 18, 2001. In last 1-year, the stock announced an equity dividend amounting to Rs 3.20 per share. It offers a dividend yield of 0.06%. FII/FPI reduced holdings from 26.62% to 21.68% in December 2024 quarter. Number of FII/FPI investors surged from 1122 to 1154 in December 2024 quarter. Mutual Funds increased holdings from 9.33% to 11.00% in December 2024 quarter, according to Trendlyne.
Should You Buy Or Sell Trent Shares?
Leading brokerage firm Kotak Securities downgraded the stock from add to sell with slashed target price of Rs 5,850 per share. The analyst said in its brokerage note that, “the strong growth story, now fully priced in” and said the Westside store addition disappointed. The analyst slashed the FY25-27 revenue by 1-2% and EPS by 9 to 14%.
Trent About
Trent Limited is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India’s leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment. Westside stores have a footprint of predominantly between 20,000-30,000 sq. ft. across 86 cities. Westside stocks a broad range of products ranging from apparel, footwear, accessories to cosmetics and perfumes to home accessories and gifts amongst others.
Disclaimer
The stock has been picked from the brokerage report of Kotak Securities. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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