Tata Group Stock Hits Upper Circuit As Q1 Profit Jumps 126%, Shares Gain 110% YTD

Tata group company Trent Ltd shares today gained 11.12% on BSE and hit upper circuit as well as the company reported healthy quarterly results. Current market price of Trent shares on BSE is Rs 6,270.05 per share. It announced its consolidated net profit at Rs 392.6 crore for Q1FY25, up 126% as against the net profit of Rs 173.48 crore declared in the corresponding quarter of last year. Its revenue from operations zoomed 56% to Rs 4,104.4 crore for Q1FY25 as against 2,628.37 crore in the similar quarter of last year, as per its BSE filing. Trent shares offered attractive returns of 1316% in last 5-years. Check details below:

Trent Q1: The Tata Group company announced the EBITDA at Rs 612.6 crore while EBITDA margin jumped 14.91% for the quarter under review from 13.93% declared in the year ago period.

Speaking on the performance, Mr. Noel N Tata, Chairman, Trent Limited said, "The overall market sentiment remains subdued with increased competitive intensity. On our part, we continue to witness encouraging traction for our lifestyle offerings across brands, concepts, categories and channels. Focus on delivering consistent and improved value propositions keep us relevant for our customers."

The market opportunity associated with building brands and a pure play direct-to-customer business like ours is immense. We will, therefore, continue with our expansion plans and deepen our store presence with the aim of being ever closer and convenient to customers and reinforcing our brand promise, added Noel N Tata.

The business as of June 30, 2024 in store portfolio has 228 Westside, 559 Zudio, and 36 stores across other lifestyle concepts. During the quarter the company opened 6 Westside and 16 Zudio stores across 12 cities. The gross margin profile of Westside and Zudio remains consistent with earlier trends. Overall, the operating EBIT margin for Q1FY25 was 10.6 percent as compared to 7.8 percent for Q1FY24, according to Trent's press release.

Trent Share Performance: The 52-week high price of Trent share on BSE is Rs 6375.00 apiece (as on 09/08/2024) and 52-week low price is Rs 1790.95 apiece (as on 10/08/2023), respectively. The company's market capitalisation stood at Rs 2,21,989.48 crore. Trent shares delivered attractive returns of 43% in last 3-months, gained 379% in last 2-years, and offered return of 580% in last 3-years. In last 5-years, Trent shares jumped 1316%.

Trent Dividend: As per the BSE filing dated April 29, "The Board of Directors of the Company have recommended a Dividend of 320% i.e., Rs. 3.20/- per Equity Share of Re. 1/- each, subject to the approval of shareholders.

Trent Stock Split History: Trent split the face value of its shares once since September 12, 2016. Trent split the face value of its shares from Rs 10 to Re 1 in 2016. It fixed ex-date as September 12, 2016.

Trent Shareholding: Sbi life insurance co ltd has 2.31% stake in Trent with 8,193,990 shares of the company. FII/FPI have increased holdings from 26.81% to 27.87% in June 2024 quarter. Number of FII/FPI investors increased from 869 to 1014 in June 2024 quarter. Mutual Funds have decreased holdings from 8.72% to 8.50% in June 2024 quarter. Number of MF schemes increased from 38 to 41 in June 2024 quarter. Institutional Investors have increased holdings from 40.71% to 41.06% in June 2024 quarter.

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 highlights the Q1 results and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.