Trent Ltd Share Price – NSE  /  BSE

Retail, Mid Cap

Larsen & Toubro Ltd, Indian Energy Exchange Ltd, ICICI Securities Ltd, Bharat Heavy Electricals Ltd are among the other stocks to see a surge in volumes on BSE today, 04 March 2024.

Trent Ltd witnessed volume of 8.98 lakh shares by 10:47 IST on BSE, a 23 times surge over two-week average daily volume of 39044 shares. The stock dropped 0.49% to Rs.3,892.05. Volumes stood at 925 shares in the last session.

Larsen & Toubro Ltd notched up volume of 11.98 lakh shares by 10:47 IST on BSE, a 9.32 fold spurt over two-week average daily volume of 1.29 lakh shares. The stock slipped 0.32% to Rs.3,642.65. Volumes stood at 25962 shares in the last session.

Indian Energy Exchange Ltd registered volume of 24.65 lakh shares by 10:47 IST on BSE, a 6.56 fold spurt over two-week average daily volume of 3.76 lakh shares. The stock rose 2.01% to Rs.154.60. Volumes stood at 3.16 lakh shares in the last session.

ICICI Securities Ltd clocked volume of 1.07 lakh shares by 10:47 IST on BSE, a 3.89 times surge over two-week average daily volume of 27457 shares. The stock gained 0.36% to Rs.830.00. Volumes stood at 3625 shares in the last session.

Bharat Heavy Electricals Ltd registered volume of 54.38 lakh shares by 10:47 IST on BSE, a 3.65 fold spurt over two-week average daily volume of 14.90 lakh shares. The stock rose 13.82% to Rs.268.45. Volumes stood at 1.03 lakh shares in the last session.

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Net profit of Trent rose 124.17% to Rs 374.36 crore in the quarter ended December 2023 as against Rs 167.00 crore during the previous quarter ended December 2022. Sales rose 50.50% to Rs 3466.62 crore in the quarter ended December 2023 as against Rs 2303.38 crore during the previous quarter ended December 2022.

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Revenue from operations jumped 50.5% year on year (YoY) to Rs 3,466.62 crore in the quarter ended 31 December 2023.

Profit before tax stood at Rs 475.19 crore in Q3 FY24, steeply higher than Rs 204.46 crore in the corresponding quarter last year.

As of 31 December 2023, the company’s portfolio included 227 Westside, 460 Zudio and 28 stores across other lifestyle concepts. During the quarter, the firm added 5 Westside and 50 Zudio stores across 36 cities including 13 new cities.

In Q3 FY24, Trent’s fashion concepts registered encouraging like -for- like (LFL) growth of over 10% vis-à-vis Q3 FY23. Across all Trent’s brands, company is focused on delivering consistent value to our customers through a differentiated product portfolio. In addition, company’s stores continued to provide an elevated brand experience even as we pursue our expansion program.

The Star business, consisting of 67 stores, continued to witness improved customer traction with growing sales densities. The business registered operating revenue growth of 26% in Q3 FY24 vs the corresponding previous period. Almost, the entirety of this growth was from like-for-like stores and the volume growth was also strong and comparable. The business experienced an all-round operating performance improvement, driven by staples, fresh & general merchandise.

The emerging categories including beauty and personal care, innerwear and footwear continued to gain traction with customers. Emerging categories contribute to over 19% of standalone revenues.

The firm’s online revenues continued to grow profitably through Westside.com and other Tata group platforms and currently contribute over 5% of Westside revenues.

Noel N Tata, chairman of Trent said, “Our lifestyle offerings across concepts, categories and channels witnessed strong momentum in Q3FY24. The growing scale of our operations distinctly enables us to realize greater operating synergies. We continue to see growing relevance for our offerings, resilience in our business model choices and attractiveness of our differentiated platform.

We believe that our strategic differentiators will continue to provide us encouraging tailwinds. We have applied our playbook to the Star business and are witnessing strong customer traction, instilling a growing conviction to build out this growth engine in the food and grocery space.

The growing acceptance of our brands demonstrates the attractiveness of our platform and the tremendous potential to address opportunities that lie ahead.”

Trent 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 Trent Hypermarket, which operates in the competitive food, grocery and daily needs segment under the Star banner. Trent's new fashion concepts include Samoh, a differentiated & elevated occasion wear offering and Misbu that offers a curated & compelling range of beauty, personal care and fashion accessories.

The counter was frezeed at its all time high of Rs 3,337.95 in intraday today.

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Trent will hold a meeting of the Board of Directors of the Company on 7 February 2024.

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