Trent jumps up 3%

Trent Ltd is doing pretty well today. The stock price rose almost 3% today to Rs.364.90. Its 52-week high is at Rs.397.

The market is enthused with the company’s performance for Q4FY19. It posted a 26% (YoY) rise in revenue at Rs.668 crore and net profit was up 46% at Rs.20 crore. EBITDA was up over 35% at Rs.34 crore while margins jumped up marginally from 4.7% to 5%.

For FY19, Trent recorded revenues of Rs.2532 crore and PBT was up 10.5% at Rs.190 crore, owing to improved operating performance in Westside, Zudio & Landmark formats but lower other income.

The revenues of Westside format for the year ended March 31st, 2019 was higher by 17% (Like to Like 9%) as compared to the corresponding previous year.

Established in 1998 as part of the Tata Group, Trent Ltd. operates Westside, one of India's leading chains of fashion retail stores, Trent Hypermarket which operates in the competitive food, grocery and daily needs segment under the Star banner, Landmark Stores, a family entertainment format store & Zudio which is a one shop destination to get fashion at great value.