Trent Ltd. is a large-cap company in the Tata Group. The company experienced a significant surge in its shares, reaching Rs 3635.00 on the Bombay Stock Exchange (BSE).
Due to its good quarter result, the stock hit the upper circuit of 20% today.
The stock jump is due to the Q3 financial results, which showed a total net profit of Rs 374.36 crore, a 124% year-on-year gain.
The company’s revenue for the same period soared to Rs 3466 crore, a YoY increase of 50.5% from the previous year.
Trent’s (EBITDA) also surged by 95%, reaching Rs 629 crore.
Trent’s portfolio includes 227 Westside stores, 460 Zudio stores, and 28 other lifestyle concepts.
The stock has consistently delivered attractive returns to shareholders, with a significant return of 425% over the past three years, and the company shares have given returns of 918% over the last five years.
Trent Ltd. is a retail powerhouse in the Tata Group. The company was originally incorporated as Lakme Limited in 1952 and underwent a strategic transformation in 1998 to focus on apparel retailing.
The company’s acquisition of Littlewoods International (India) Private Limited (LIIPL) by Lakme in March 1998 marked the beginning of Trent Ltd.’s evolution.
Trent Limited was amalgamated with Lakme Exports Limited in January 1998, changing its name from Lakme Limited to Trent Limited.
Trent operates various retail formats and concepts, including Westside, a flagship concept offering branded fashion apparel, footwear, accessories, toys, games, food, grocery, and non-food products.
Zudio is a Trent’s value fashion concept, that offers fashion at competitive prices for men, women, and children.
Trent’s hypermarket and supermarket store chain, Star, offers a range of products under the Star brand.
Trent’s unique brand, MISBU, offers a wide range of products for individuals to express their style.
Trent’s strategic focus on differentiated retail concepts and exclusive brands positions it favorably in a competitive market.
The company’s commitment to quality products at compelling prices and expansion plans demonstrate its resilience and adaptability in the retail landscape.
This is a comprehensive guide to Trent Ltd. The above-mentioned information and data are as of February 07, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments.
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