Tata Group stock engaged in the retailing of apparel, footwear, accessories, toys, games, food, grocery & non-food products and many more jumped upto 7 percent from the day’s low upon posting its Q4FY24 results with a 1484 percent YoY jump in Net Profits.
With a market capitalization of Rs. 1,54,688 Crores, the shares of Trent Limited closed at Rs. 4,351.45, up 1.08 percent from its previous day’s close price of Rs. 4,304.75.
Its revenue from operations grew by 51 percent YoY from Rs. 2,182.75 Crores in Q4FY23 to Rs. 3,297.70 Crores in Q4FY24 and it declined by 4.87 percent QoQ from Rs. 3,466.62 Crores in Q3FY24 to Rs. 3,297.70 Crores in Q4FY24. Annually it generated a revenue of Rs. 8,242.02 Crores in FY23 and Rs. 12,375.11 Crores in FY24 indicating a growth of 50 percent YoY.
Its Net Profit grew by 1484.18 percent YoY from Rs. 44.95 Crores in Q4FY23 to Rs. 712.09 Crores in Q4FY24 and it grew by 92.12 percent QoQ from Rs. 370.64 Crores in Q3FY24 to Rs. 712.09 Crores in Q4FY24. Annually it generated a profit of Rs. 393.63 Crores in FY23 and Rs. 1,477.46 Crores in FY24 indicating a growth of 275.34 percent YoY.
In Addition, the Board of Directors of Trent Limited has recommended a Dividend of 320 percent i.e., Rs. 3.20 per equity share with a face value of Rs. 1 per share for the financial year 2023-24.
Speaking on the performance, Mr. Noel N Tata, Chairman, of Trent Limited said, In a competitive market, we continue to experience resonance and customer traction for our lifestyle offerings across brands, concepts, categories, and channels.
The growth of our offerings, the resilience of our business model choices, and the strength of our platform are reflected in our business results. We will continue to expand and deepen our store presence with the aim of being ever closer and convenient to customers reinforcing our brand promise.
Trent Limited is part of the Tata Group, It operates a portfolio of retail concepts by engaging in the retailing of apparel, footwear, accessories, toys, games, food, grocery & non-food products through various of its retail formats/ concepts.
As of 31st March 2024, its store portfolio included 232 Westside, 545 Zudio, and 34 stores across other lifestyle concepts. During the quarter, we added 12 Westside and 86 Zudio stores across 65 cities including 25 new cities.
Written by: Bharath K.S
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