Trent Q1 Results Revenue Up 24.46% QoQ and 56.16% YoY & Net Income Up 126.30% YoY

Trent's Q1 Results: Trent's financial results for the first quarter of June 2024 show some big changes compared to the previous quarter and the same period last year. The company made a lot more money this quarter, with total revenue of 4,104.44 crores, which is up 24.46% from the last quarter and 56.16% more than a year ago. However, their selling, general, and administrative expenses also went up a lot by 27.75% from the previous quarter and more than three times compared to last year.

Trent's costs for things like depreciation and amortization, which are expenses for using up equipment and intangible assets, actually went down by 14.85% from the last quarter but went up 28.21% from a year ago. Other operating expenses increased by 24.18% from the last quarter but decreased by 18.47% compared to last year. Overall, Trent's total operating expenses rose by 49.01% from the previous quarter and 52.89% year-over-year.

Trent's Operating income, which is the money left after paying operating expenses, dropped 48.20% from the last quarter but grew 90.89% from a year ago. Net income before taxes and net income both showed big increases year-over-year but decreased compared to the last quarter. The earnings per share, which shows how much profit each share of stock made, went up significantly.

Here's a summary of Trent's Q1 financial results for June 2024:

Source: Here 

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Trent Q1 Results

Trent reported strong financial results for the quarter ending on June 30, 2024. The company earned a total income of ₹4,037.85 crore, which is higher compared to ₹2,586.20 crore from the same quarter last year. This increase came from higher revenue from operations, which reached ₹3,991.74 crore. Other income added ₹46.11 crore to the total.

Trent’s expenses also grew to ₹3,588.28 crore. The major costs were from purchasing stock-in-trade, which was ₹2,126.97 crore, and employee benefits, which were ₹304.57 crore. Other significant expenses included depreciation and amortization at ₹175.93 crore and occupancy costs at ₹464.83 crore.

Trent's profit before exceptional items and tax was ₹449.57 crore. When considering exceptional items, which added ₹543.35 crore, the profit before tax increased to ₹449.57 crore. After deducting tax expenses of ₹107.42 crore, the net profit for the quarter was ₹342.15 crore.

Trent also reported other comprehensive income of ₹0.66 crore. This resulted in a total comprehensive income of ₹342.81 crore for the quarter. Overall, Trent  showed strong performance with significant growth in revenue and profit.

Here's a summary of Trent's standalone financial results for the quarter ended June 30, 2024:

Trent Q1 Stock Metrics 

The Trent table shows key financial details about the company's stock. The Market Cap of ₹2,48,479 Crores means this is the total value of all its shares combined. The Current Price of ₹6,990 is what one share costs right now. The High / Low range tells us the highest price was ₹7,010 and the lowest was ₹1,945. 

Here is the information in a table format:

Quarterly Results 

Trent’s financial results from December 2023 to June 2024 show a mix of positive growth and some challenges. In December 2023, Trent achieved strong sales of Rs. 3,467 crores and a high operating profit of Rs. 629 crores.

Here are the quarterly results for Dec 2023, Mar 2024, and Jun 2024:

About Trent 

Trent is a prominent retail company originally founded as Lakme in 1952. Initially focused on cosmetics, the company shifted its business strategy in 1998 to enter the apparel retail market. This change came after Lakme acquired Littlewoods International (India) Private, which specialized in ready-made garments. 

Lakme’s cosmetics business was then merged with Littlewoods to create Trent. Trent quickly established itself in the apparel sector, opening stores across India and offering a range of products from clothing to home decor.

Trent operates several key brands. Westside is its flagship fashion brand, featuring a wide variety of in-house designed clothing, footwear, accessories, and home items. Zudio provides affordable fashion for the entire family with its own exclusive designs. Star Market is a hypermarket chain offering groceries, fresh produce, and other essentials. MISBU focuses on trendy beauty and fashion accessories. 

Samoh offers elegant, high-quality apparel for special occasions. Trent’s mission is to deliver value through a deep understanding of customer needs, providing high-quality products and exceptional service, and continually innovating to stay ahead in the fashion industry.