Trent Ltd on Thursday released its fiscal second quarter earnings with consolidated profit at Rs 335.06 crore, registering a growth of 46.9 per cent in comparison to Rs 228.06 crore during the same period of previous financial year, missing estimates. It posted revenue from operations at Rs 4,156.67 crore, up 39.4 per cent as against Rs 2,982.42 crore during the second quarter of FY24. The company EBITDA stood at Rs 642 crore.
According to a CNBC TV18 poll, Trent was expected to record Q2 profit at Rs 428 crore and revenue for the quarter in review was estimated at Rs 4295 crore.
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“Given the accounting standards, our consolidated revenues do not include revenues of the Trent Hypermarket business. Nevertheless, the reported results include the proportionate share of profitability of this venture and is accounted basis the equity method,” it said.
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In an otherwise subdued consumer market, Trent said that key initiatives including with respect to the product offer, the store portfolio and the operating supply chain helped it deliver encouraging results. “The change in revenue profile across our concepts remains broadly in line with our strategic objectives and plans. The gross margin profile of Westside and Zudio remains consistent. Overall, the Operating EBIT margin for Q2FY25 was 10.8 per cent (9.8 per cent for Q2FY24),” the company said.
In Q2, the company’s fashion concepts registered double digit LFL growth, with both Westside and Zudio witnessing traction in spite of business seasonality. The emerging categories including beauty & personal care, innerwear and footwear too continued to gain traction with customers. These categories contribute to over 20% of the company’s revenues. Westside.com together with the proposition on the Tata Neu platform continued to grow profitably and this combined online reach contributes to over 5 per cent of Westside revenues.
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