Street positive on Trent after a strong Q1 results, sales trajectory

Aggressive expansion and healthy like-for-like growth led to the third consecutive quarter of Rs 2,000 crore plus revenues

Riding on strong June-quarter numbers and positive brokerage outlook, the stock of retail major Trent hit a fresh all-time high on Monday. The stock has gained 14 per cent in the last five trading sessions.

Continuing the trend of strong revenue growth over the last few quarters, the company posted 53.5 per cent year-on-year (Y-o-Y) growth in top line to Rs. 2,536 crore in the June quarter (first quarter of financial year 2023-24 or Q1FY24). The growth rate, which was 10-15 per cent higher than Street estimates, came in at 22 per cent, on a sequential basis. 
 

Aggressive expansion and a