Trent Q2 Results: Standalone profit up 46% to Rs. 423 crores

Tata Group company Trent Ltd reported a 39 percent year-on-year growth in revenue on a standalone basis for Q2 FY25 at Rs. 4035.56 crores growth while net profit increased by 46.18 percent to Rs. 423.44 crores. In the same period.

Consolidated income from operations during Q2 of FY25 was Rs. 4,156.67 crore compared to Q2 of FY25 at Rs. 2,982.42 crore, an increase of 39.3 percent. The fashion and lifestyle retailer reported a 46.9 percent year-on-year growth in consolidated net profit in the September quarter at Rs. 355.06 crore was recorded. The profit in the year-ago period was Rs.228.06 crore.

The company has opened 43 stores during the second quarter of FY25. A release issued by the company said it now operates a portfolio of more than 800 “big-box” fashion stores. Trent continued to deepen and expand its store footprint in Q2FY25, which now has a presence in 184 cities.

Speaking on the show, Noel N Tata, Chairman, Trent Limited, said, “Consumer sentiment has been relatively calm. This, along with seasonality, has meant that retail businesses have faced headwinds. In the above context, the team delivered strong results across brands, concepts, categories and channels in Q2.”

He added, “The market opportunity associated with building brands and a direct-to-consumer business like ours is immense. We continue to pursue our expansion program and deepen our store presence to be closer and more convenient to customers. Also, we try to find additional avenues of growth. It is in this context that we have recently launched our first international Zoodio store in UAE and Zoodio Beauty concept in India.

Trent’s chairman informed that they have implemented Trent’s playbook in Star Business and are witnessing strong customer traction. “The success of own branded products bodes well for Star Business. We are confident that this business is well poised to shift gears and deliver significant value to customers and shareholders,” he said

As of September 30, its store portfolio includes 226 Westside, 577 Zoodio and 28 stores in other lifestyle concepts. “During the quarter, we opened 7 Westside and 34 Zoodio stores (including 1 in Dubai) across 27 cities. We have also consolidated 9 Westside and 16 Zoodio stores,” the release added.

“The change in revenue profile in our concepts is broadly consistent with our strategic objectives and plans. The gross margin profiles of Westside and Zoodio remain consistent,” the release said.

Emerging categories including beauty and personal care, innerwear and footwear continued to gain traction with consumers. These emerging categories contribute more than 20% of Trent’s revenue. Westside.com is moving profitably with the company’s proposition on the Tata New Platform. This combined online reach contributes over 5% of Westside’s revenue.