The Q3 FY25 revenue from operations stood at Rs 4,657 crore, marking a 34% increase over Rs 3,467 crore reported in the corresponding quarter of the previous financial year.
The profit after tax (PAT) is attributable to the equity shareholders of the company and was lower than Street’s estimates of Rs 520 crore.
The October-December quarter earnings were announced during market hours, and Trent shares were trading 1.3% lower on the NSE at Rs 5,672.70 around 1 pm.
On a sequential basis, the bottom line grew 47% compared to Rs 339 crore reported in Q2 FY25, while the topline witnessed a 12% uptick.
The owner of the Zudio brand also informed of the board’s decision to approve a proposal for the sale of 1,75,450 equity shares held by the company in Massimo Dutti India Private Limited (“MDIPL”), an associate company in which it holds a 49% shareholding.This followed an offer from Grupo Massimo Dutti, Spain, to purchase the said equity shares at a price of Rs 1,182.6 per share, aggregating to Rs 20.75 crore.”Consequent to this and upon conclusion of the said share transfer, the company’s shareholding in MDIPL would stand at 20%,” the exchange filing said.
“In line with our plans, Q3 witnessed faster pace of store additions. We now operate with a significant portfolio of over 850 large-box fashion stores. Also, we continue to selectively refresh our store footprint across concepts, with presence now across 201 cities. During the quarter, we opened 14 Westside and 62 Zudio stores across 46 cities including 1 in Dubai and consolidated 2 Westside and 4 Zudio stores. As of 31st December, our store portfolio included 238 Westside, 635 Zudio and 34 stores across other lifestyle concepts,” a company statement said.