TRENT Limited Quarterly Result Update - Q4'2425

Trent Q4FY25 Revenue increased 28%, Misses Estimate On consolidated basis Quarter ended March 2025 compared with Quarter ended March 2024. Net sales (including other operating income) of Trent has increased 27.88% to Rs 4216.94 crore. Operating profit margin has jumped from 14.24% to 15.46%, leading to 38.83% rise in operating profit to Rs 652.01 crore. Purchase of finished goods cost rose from 58.79% to 60.51%. Employee cost decreased from 9.42% to 7.61%. Other expenses fell from 18.45% to 17.25%. Selling and administration expenses fell from 7.93% to 6.70%. Other income fell 3.29% to Rs 74.34 crore. PBIDT rose 32.91% to Rs 726.35 crore. Provision for interest rose 15.30% to Rs 37.52 crore. Loan funds rose to Rs 2,237.19 crore as of 31 March 2025 from Rs 1,752.99 crore as of 31 March 2024. Inventories rose to Rs 2,045.05 crore as of 31 March 2025 from Rs 1,582.73 crore as of 31 March 2024. Sundry debtors were lower at Rs 62.95 crore as of 31 March 2025 compared to Rs 81.74 crore as of 31 March 2024. Cash and bank balance rose to Rs 339.84 crore as of 31 March 2025 from Rs 297.56 crore as of 31 March 2024. Investments rose to Rs 1,480.25 crore as of 31 March 2025 from Rs 1,416.03 crore as of 31 March 2024. PBDT rose 34.02% to Rs 688.83 crore. Provision for depreciation rose 27.73% to Rs 271.98 crore. Fixed assets increased to Rs 4,047.44 crore as of 31 March 2025 from Rs 2,646.51 crore as of 31 March 2024. Intangible assets stood at Rs 27.19 crore. Profit before tax grew 38.47% to Rs 416.85 crore. Provision for tax was expense of Rs 104.15 crore, compared to Rs 206.94 crore. Effective tax rate was 25.05% compared to 22.52%. Net profit attributable to owners of the company decreased 54.82% to Rs 318.15 crore. Others As of 31 March 2025, the company’s portfolio included 248 Westside, 765 Zudio and 30 stores across other lifestyle concepts. In FY25 we opened 40 Westside and 244 Zudio stores and consolidated 24 Westside & Zudio stores each.