Trent's shares surged 15% today.

Written By

rajpal nehra

The stock soared 15% to Rs 3,489.65 on BSE as the retailer's net profit for the December quarter rose 124% YoY to Rs 374.36 crore from Rs 167 crore last year.

Trent Ltd shares surged 15% on Thursday due to strong Q4 earnings.

The stock rose 15% to a high of Rs 3,489.65 on BSE, while the retailer reported a 124% YoY increase in net profit for the December quarter at Rs 374.36 crore, up from Rs 167 crore last year.

Q2 revenue increased to Rs 3,466.62 crore, up 50.50% from Rs 2,303.38 crore last year.

Chairman Noel N Tata noted strong momentum in Q3FY24 for our lifestyle offerings, which benefit from our growing scale and generate operating synergies.

In Q3FY24, Trent's operating EBIT margin was 13%, up from 8.5% in the previous year. They had 227 Westside, 460 Zudio, and 28 lifestyle concept stores.

In the quarter, it added 5 Westside and 50 Zudio stores in 36 cities, including 13 new cities.

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