Trent’s Q2, FY25 revenues to grow by 51% Y-o-Y to Rs 4,365 crore
07 November 2024, Mumbai
Q2, FY25 revenues of the Tata Group-owned retailer Trent are likely to grow by 51 per cent Y-o-Y to Rs 4,365 crore. The company’s net profit during the quarter is likely to rise by 53.2 per cent Y-o-Y to Rs 444 crore from Rs 290 crore from the corresponding quarter last year.
The company’s topline is expected to rise as a result of retail expansion in Zudio and healthy store productivity levels, note experts. Its gross margins are expected to improve by around 150 basis points Y-o-Y. However, they will remain stable on a Q-o-Q, according to Nuvama Institutional Equities.
However, according to another analyst, Phillip Capital, the company’s gross margins are likely to contract by 3 basis points Y-o-Y as a result of increasing expenses, such as employee costs and rent. It is expected to record a healthy revenue growth on account of store expansion of its retail formats Westside and Zudio.
Both these brands will add 2-25 new stores during the Q2, FY25, as per Motilal Oswal. On the other hand, Nuvama Institutional Equities predicts, Trent will add 15 new stores during the quarter.
