Tata group shares hit record high, included in the list of top 100 most valuable companies

Tata group Trent Limited, the retail arm of the firm, reported a consolidated net profit of 115 crore in the first quarter of the current financial year as compared to a net loss of Rs. 138 crore in the year-ago quarter. Its revenue from operations during the quarter under review was 1,803 crore, more than three times the pandemic-hit quarter in the same quarter a year ago 492 crores.

“The Group’s financial performance for the corresponding quarter last year was impacted by the business disruptions related to COVID. The relative operating performance for a few weeks in Q4FY22 was also affected due to temporary restrictions imposed in view of the third COVID wave. However, its Post-Covid-related disruptions have declined,” Trent said.

“Trent reported industry best revenue growth and an outstanding performance on almost all parameters (change in useful life of some stores impacted PAT). Strong performance and industry-leading performance during challenging times will continue to guarantee premium valuations for Trent. Liquidity position with liquidity and investment value remains strong,” said brokerage ICICI Securities in Trent’s earnings report.

Zoodio remains the growth engine for Trent. We expect revenue to grow at a CAGR of 50% in FY 2012-24E. In the long run, the company aims to grow its revenue at a CAGR of 25%+, it added.

Trent is one of the leading players in the branded retail industry in India. As part of the Tata Group, Trent’s flagship concept- Westside offers a range of home goods and decor along with branded fashion apparel, footwear and accessories for women, men and children.

It also has brands including Value Fashion Concepts – Judio, a hypermarket and supermarket store chain – operating under ‘Star Market’ and a family entertainment concept – Landmark which offers a curated range of toys, frontlist books, stationery and sports merchandise.

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