The shares of this large-cap stock broke its 10 percent upper circuit of Rs 6,208.50 per share after the company’s net profit and revenue increased by 135 percent and 56 percent YoY, respectively, in Q1FY25.
Trent Ltd has a market capitalization of Rs 2.20 lakh crore, the shares were trading at Rs 6,238 per share, increasing around 10.52 percent as compared to the previous closing price of Rs 5,644.10 apiece.
Reason for Rise:-
The share of the company has seen positive movement after Trent Ltd’s revenue jumped by 24 percent on a quarter-on-quarter basis from Rs. 3,297 crores in Q4FY24 to Rs.4,104 crores in Q1FY25. Further, revenue magnified by 56 percent yearly from Rs 2,628 crores in Q1FY24 to Rs. 4,104 crores in Q1FY25.
Trent Ltd’s net profit decreased by 45 percent on a quarter-on-quarter basis from Rs. 712 crores in Q4FY24 to Rs 391 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 135 percent from Rs 166 crores in Q1FY24 to Rs. 391crores in Q1FY25.
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Remarkable Return:-
The shares have been given a return of 70 percent in just six months and a multi-bagger return of 254 percent in just one year. If an individual invested Rs 1 lakh a year ago it will be worth now Rs 3.54 lakh.
Footprint:-
As of June 2024, the company store portfolio included 228 Westside, 559 Zudio, and 36 stores across other lifestyle concepts. During the quarter, we opened 6 Westside and 16 Zudio stores across 12 cities.
Customer interest in developing areas such as beauty and personal care, innerwear, and footwear remained high. These developing categories currently account for more than 20% of its standalone revenues.
Company Profile:-
Trent Limited is an India-based firm that operates in the selling and trade of items. The company retails and trades garments, footwear, accessories, toys, and games. The company has many retail formats, including Westside, Zudio, Utsa, StarHypermarket, Landmark, Misbu/Xcite, Booker Wholesale, and ZARA.
Written by:- Abhishek Singh
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