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Trent Ltd share Price Today

Company details

4,654.10
4,777.90
1,523.10
4,777.90
6M Return 77.60%
1Y Return 213.60%
Mkt Cap.(Cr) 167,627.75
Volume 549,566
Div Yield 0.07%
OI
-
OI Chg %
-
Volume 549,566

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About The Stock

    Trent is India’s leading retailer with a presence across various consumer categories (600+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions has led Trent to be among the fastest growing companies in our retail coverage universe.

    • ‘Westside’ (70% of revenues) has proven to be one of the most profitable business models as it primarily focuses on selling private label brands (EBITDA margin: 11%, consistent SSSG: 10%+)
    • ‘Zudio’ (30% of sales), the value fashion brand, continues to be the next leg of growth for Trent (revenue CAGR: 72% FY19-22)
Q3FY23 Results:

    Trent reported superlative sales number with growth beating our/consensus estimates. Acceptance of Zudio as a value fashion brand has been a game changer for Trent leading to fastest growing apparel company in India.

    • On a slightly favourable base, revenue grew 61% YoY to ₹ 2171 crore. On a three-year CAGR basis, revenue growth was at an impressive 36%, which is the highest among other lifestyle retailers
    • Gross margins for the quarter declined 590 bps YoY to 45.4% (I-direct estimate: 49%) possibly on account of a sharp rise in share of Zudio format (yields lower gross margins but has superior asset turn)
    • Higher opex cost on account of new store openings resulted in EBITDA margins declining 620 bps YoY to 15.5%. Despite lower than anticipated margins, absolute EBITDA was at ₹ 336 crore (I-direct estimate: ₹ 337 crore) with three-year CAGR of 25%

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Department stores company Trent announced Q4FY24 results:

Standalone Financial Highlights:

  • Revenue rose by 53% YoY in Q4FY24 to Rs 3,381 crore.
  • PBT rose by 153% YoY in Q4FY24 to Rs 316 crore.
  • The gross margin profile of Westside and Zudio continue to remain consistent with earlier trends. Overall, Operating EBIT margin for Q4FY24 was 8.2% (2.8% for Q4FY23).
  • As of 31 st March 2024, our store portfolio included 232 Westside, 545 Zudio and 34 stores across other lifestyle concepts. During the quarter, we added 12 Westside and 86 Zudio stores across 65 cities including 25 new cities.
  • In Q4FY24, our fashion concepts registered encouraging LFL growth of well over 10% vis-à-vis Q4FY23.
  • The emerging categories including beauty & personal care, innerwear and footwear continued to gain traction with customers. These emerging categories now contribute to over 20% of our standalone revenues.
  • Accordingly, during the current quarter the term of leases has been reassessed, resulting in an exceptional gain of Rs 543 crores, tax impact thereon is Rs 137 Crores (net of tax Rs 406 crores) and the same has been recognized as an exceptional item.
  • The Right of Use Assets and Lease Liabilities stand reduced by Rs 2,720 crores and Rs 3,247 crores respectively.
  • The EPS without this exceptional gain is Rs 28.95.

Consolidated Financial Highlights:

  • Revenue rose by 30% YoY in Q4FY24 to Rs 3,506 crore.
  • PBT rose by 343% YoY in Q4FY24 to Rs 296 crore.
  • The Star business, consisting of 66 stores, continued to witness improved customer traction with growing sales densities. This business registered operating revenue growth of 30% in Q4FY24 vis-à-vis the corresponding previous period.

Speaking on the performance, Noel N Tata, Chairman, Trent Limited said, "In a competitive market, we continue to experience resonance and customer traction for our lifestyle offerings across brands, concepts, categories and channels. The growing of our offerings, resilience of our business model choices and the strength of our platform are reflected in our business results.

We will continue to expand and deepen store presence with the aim of being ever closer and convenient to customers reinforcing our brand promise.

We have applied Trent’s playbook to the Star business and are witnessing strong customer traction. This reinforces our conviction to build out this growth engine in the food, grocery, and general merchandising space. The success of own branded products also augurs well for the Star business. We are confident that this business is well poised to shift gears and deliver substantial value to customers and shareholders going forward.

We remain excited about the huge consumer market opportunity that lies ahead. We are still in the initial laps of our journey to address this opportunity.”

Result PDF

View Other Company Results

Trent Ltd shares SWOT Analysis

Strengths (18)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 4,777.5
R2 4,839.6
R3 4,901.3
Pivot

4,715.80

S1 4,653.7
S2 4,592.0
S3 4,529.9
EMA SMA
4,517.9
4,254.3
3,868.7
3,274.4
4,536.3
4,221.9
3,849.9
3,073.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 3222.75 135654 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 3222.75 135654 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 1419.05 305636 NSE
Name Category Shares
Tata Sons Private Limited PROMOTER 32.45%
Tata Investment Corporation Limited PROMOTER 4.28%

OUR RESEARCH VIEW

Investment recommendation
Call Date
09 Feb 2023
Entry Price 1,340.00
Target Price 1,730.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Trent Ltd Stocks COMPARISON

Financials( in Cr) Trent Ltd Avenue Supermarts Ltd Aditya Birla Fashion & Retail Ltd Vedant Fashions Ltd Redtape Ltd
Price 4,715.40 4,684.50 290.05 1,023.20 714.45
% Change 0.36 -2.27 3.53 -1.53 -1.75
Mcap Cr 167,627.75 304,835.87 29,440.37 24,850.46 9,873.84
Revenue TTM Cr 12,375.11 42,839.56 12,417.90 1,354.93 1,468.31
Net Profit TTM Cr 1,477.46 2,378.34 -59.47 429.11 142.15
PE TTM 183.66 120.21 0.00 59.97 58.17
1 Year Return 213.60 36.46 49.13 -17.91 44.67
ROCE 23.52 20.14 0.00 36.34 28.67
ROE 27.16 15.99 0.00 34.57 34.99
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,067.74 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31
Trent Limited - Other General Purpose

May 23, 2024 l NSE Announcement

Trent Limited - Loss of Share Certificates

May 22, 2024 l NSE Announcement

Trent Limited - Copy of Newspaper Publication

May 21, 2024 l NSE Announcement

Date Action Type Ratio
May 22, 2024 Dividend 320
May 25, 2023 Dividend 220
May 20, 2022 Dividend 110

Trent Ltd Information

Stock PE (TTM)
183.66
Promoter Holding
37.01%
Book Value
114.4271
ROCE
23.52%
ROE
27.16%
Description
  • Trent Ltd is in the Retail sector is having a market capitalization worth Rs. 31,894.29 crores, it is incorporated in the year 1998. It has reported consolidated sales of Rs. 491.99 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500251, and also listed on the National Stock Exchange (NSE) with the code TRENT.

    Trent Ltd is the retail hand of the Tata Group. The headquarters of Trent Ltd is located in Mumbai. Trent Ltd operates Westside (a growing chain in India) and Landmark (a book store chain). Trent Ltd was formed from the funds released after the Tata group sold 50% of their stake in the cosmetics products company Lakme. Apart from Westside and Bookstore, Trent ltd also oversees the operations of Zudio (offering affordable clothes for men, women, and children), Star (offering an assortment of products, including staples, beverages, health & beauty products), and Booker Wholesale (offering best choice, price, and service to Kirana stores, traders, wholesalers). The promoters of the company own 37.01% of the stake in the company, Foreign Institutional Investors (FII) own 30.28%, Domestic Institutional Investors (DII) own 7.76% stake in the company, and others (such as public & retail investors) hold the balance of 24.96%.

    In June 2021, quarterly net revenue was Rs. 327.29 crores, which has increased sharply by approximately 239.76 % from Rs. 96.33 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 83.76 crores, which has improved and increased by nearly 39.94% from a net loss of Rs. 139.46 crores in June 2020. In June 2021, the reported operating profit was at Rs. 248.80 crores, which is also increased by 218.48% as compared to an operating profit of Rs. 78.12 crores for the quarter ending in June 2020. From a negative EPS of Rs. 3.92 in June 2020, the EPS of Trent Ltd has improved and reached a negative EPS of Rs. 2.36 per share in June 2021. TRENT's stock closed at Rs. 897.20 on 20th August’2021 (NSE) and has returned 15.17% in the last six months and 52.21% in the previous year.

Registered Address

Bombay House, 24 Homi Mody Street, Mumbai, Maharashtra, 400001

Tel : 91-22-66658282
Email : investor.relations:trent-tata.com
Website : http://www.trentlimited.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500251
NSE Code : TRENT
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE849A01020

FAQ’s on Trent Ltd Shares

You can buy Trent Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Trent Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of Trent Ltd was Rs.4,715.40.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:59 PM, the market cap of Trent Ltd stood at Rs. 167,627.75.

The latest PE ratio of Trent Ltd as of May 24, 2024 03:59 PM is 183.66

The latest PB ratio of Trent Ltd as of May 24, 2024 03:59 PM is 0.02

The 52-week high of Trent Ltd share price is Rs. 4,777.90 while the 52-week low is Rs. 1,523.10

According to analyst recommendations, Trent Ltd Share has a "Buy" rating for the long term.

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