Trent Ltd Q4 Results: Revenue Up 28%, Profit Down 55%, Stock Falls 4%
Business and Industry Overview:
Trent Limited is a retail company and part of the Tata Group. It is based in Mumbai, India. The company runs stores that sell clothes, footwear, accessories, and groceries under popular brands like Westside, Zudio, Star Bazaar, and Utsa. The company was first started as Lakme Limited on December 5, 1952. At that time, it was in the business of making and selling cosmetics, perfumes, and toiletries. In 1998, Lakme decided to exit the cosmetics business and move into the apparel retailing business. This was because India had very few strong fashion brands at that time. In March 1998, Lakme bought Littlewoods International (India) Pvt. Ltd. from a UK-based company to begin its new journey. This company was already selling ready-made clothes. Also, Lakme Exports Ltd., a part of Lakme, merged with Littlewoods, and the new name became Trent Ltd (from January 1, 1998). Later, on July 1, 1998, Trent Ltd merged fully with Lakme, and the company was officially renamed Trent Limited. Trent focuses on its own-brand products, quick response to new fashion trends, and keeping prices stable. This strategy helps the company grow fast and stay unique in India’s lifestyle and fashion market.
Latest Stock News:
As of April 30, 2025, Trent Ltd, a Tata Group company, shared its results for the January to March 2025 quarter. The company owns popular clothing stores like Westside and Zudio. It sells clothes and other daily-use items. In this quarter, the company made about ₹4,217 crore in revenue. This is 28% more than what it earned in the same time last year. Last year, the company had a one-time extra profit of ₹543 crore. If we remove that, the profit this time is ₹318.15 crore, which is much higher than the ₹128 crore profit from last year. This shows the company is still making good profits. But there is one problem. Even though profit increased, the revenue growth has slowed down. This is the slowest revenue growth since the year 2021. Many other clothing companies in India and around the world are also facing this problem. After COVID-19, sales grew fast for some time. But now, growth is slower because people are shopping less or spending more carefully. Because of this slower growth, Trent’s share price fell by almost 4% on April 30. At 9:40 AM, the stock was trading at ₹5,185.5, which was 3.8% lower than the day before.
Segmental information:
- Main Business – Retail: Trent Ltd is part of the Tata Group and mainly runs retail stores. The company sells clothes, shoes, bags, home items, and daily-use products. Its most popular brands are Westside, Zudio, Utsa, and Star Bazaar. Westside is known for stylish clothes and home items for middle-class families. Zudio is famous for trendy fashion at very low prices. Utsa sells Indian ethnic wear like kurtis and sarees. Star Bazaar is a supermarket that offers food, groceries, and household items. All these stores help Trent reach different kinds of customers.
- Other Brands and Businesses: Trent is also part of other business partnerships. It works with the international company Inditex to bring global brands like Zara and Massimo Dutti to India. These stores are popular for high-end fashion. Trent also runs Booker Wholesale, which is a large store that sells products in bulk to small shop owners and businesses. These additional ventures help Trent serve more types of customers and increase its business outside regular fashion retail.
Subsidiary information:
- Retail Operations: Trent Ltd has many businesses that help it sell different types of products. It has stores like Westside for fashion, Zudio for cheap clothes, and Star Bazaar for groceries and daily items. Trent also works with other companies to bring international brands to India. For example, it has a partnership with Inditex to bring Zara and Massimo Dutti to India. Trent also has a company called Booker India, which runs cash-and-carry stores, and Fiora, which runs grocery stores and an online shopping platform.
- International and Investment Ventures: Trent Ltd has some companies outside India to support its business. One of them is Trent Global Holdings, based in Mauritius. This company looks after Trent’s investments. Another company, Trent Global Trading, based in Dubai, is involved in trading many products like clothes, shoes, and accessories. Trent also has a Foundation that works on projects like education, health, and water in different communities.
- Joint Ventures: Trent works with other companies through joint ventures. One such company is Trent Hypermarket, a partnership with the UK company Tesco. Together, they run supermarkets in India under the Star name. Trent also has a joint venture with MAS Amity from Singapore, called Trent MAS Fashion, which makes and sells clothing in India, including intimate wear.
Q4 Highlights:
- Revenue Growth: Trent’s revenue went up by 28%, reaching ₹4,217 crore, compared to ₹3,298 crore in Q4 FY24.
- Profit Decline: The company’s profit fell by 55%, totaling ₹318 crore, down from ₹704 crore in the same period last year.
- EBIT Margin: Trent’s operating margin improved to 9.3%, compared to 8.3% in Q4 FY24.
- Store Expansion: In FY25, Trent opened 40 new Westside stores and 244 new Zudio stores.
- Stock Price Drop: Even though Trent’s revenue grew, its stock price fell by about 4% due to the profit decline.
Financial Summary:
| Amount in ₹ Crore | Q4 FY24 | Q4 FY25 | FY24 | FY25 |
| Revenue | 3,298 | 4,217 | 12,375 | 17,135 |
| Expenses | 2,828 | 3,566 | 10,404 | 14,376 |
| EBITDA | 470 | 651 | 1,971 | 2,758 |
| OPM | 14% | 15% | 16% | 16% |
| Other Income | 695 | 74 | 989 | 305 |
| Net Profit | 712.00 | 312 | 1,477 | 1,534 |
| NPM | 21.59 | 7.40 | 11.94 | 8.95 |
| EPS | 19.81 | 8.95 | 41.82 | 43.51 |