The stock of Trent, the largest listed apparel retail company, surged on Friday after the company exceeded Street expectations for the April-June quarter (Q1) of 2024-25 (FY25). The Tata-owned company boosted shareholder wealth by 11.2 per cent inasingle day, bringing the week's gains to 16 per cent. Over the past year, the stock has been a top wealth creator in the S&P BSE 100, rising 3.3 times, or 231 per cent.
Standalone revenues for the guarter increased by 56 per cent year-on-year (Y-0-Y) to₹3.992 crore (consolidated at ₹4,104 crore), coming off a high base. The previous year's quarter had registered a growth of 46 per cent. The company has more than doubled its revenue over the past eight quarters, with a twelvefold increase since Q1 of 2021-22. Growrth for the company in the June quarter was driven by both like-for-like (LFL) improvement and expansion of the store network. It reported double-digit LFL growth for its fashion concepts (Westside and Zudio).
Diese Geschichte stammt aus der August 12, 2024-Ausgabe von Business Standard.
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