Strong revenue growth, margin expansion ahead for retail major Trent

The stock markets' enthusiastic response to the results has driven the share up by 25 per cent in just two sessions

Retail major Trent reported strong standalone revenue growth of 52.5 per cent year-on-year (y-o-y) led by 10 per cent growth in like-for-like (L-F-L) sales alongside store additions in Q3FY24.

As raw material costs are reduced, it has led to a sharp improvement in the gross margin improvement.

Cost controls led to operating profit and net profit growth of 86 per cent and 112 per cent y-o-y respectively.

The consolidated revenue grew 51 per cent y-o-y to Rs 3,470 crore and reported operating profit doubled y-o-y to Rs 630 crore with 18.1 per cent margin (+410 basis points or bps y-o-y).