Trent Ltd (TRENT)

Trent Ltd Stock Rises 39% - 12 Jul, 2024

Trent Ltd's stock has seen significant growth in the past three months, with a high ROE and net income growth over five years. Additionally, the company saw a surge in trading volume on BSE.

Trent Ltd Stock Trades Slightly Up, Reports Q4 Sales of Rs 3374.57 Crore - 09 Jul, 2024

Trent Ltd stock traded slightly up at Rs 5557.55 with a price-to-earnings ratio of 132.97 and EPS value of 41.82. The company reported consolidated sales of Rs 3374.57 crore for the quarter ended March 31, 2024, down 4.86% from the previous quarter. Net profit was reported at Rs 704.23 crore. MACD signalled bearish bias.

Small Companies Outpace Larger Counterparts in Growth - 08 Jul, 2024

Marcellus Investment Managers' data-crunching exercise on 30,000 listed and unlisted companies showed that small companies have been the fastest-growing segment over the past 10 years. Trent Ltd's Zudio chain of stores is part of Marcellus Consistent Compunders Portfolio with a 9.2% stake.

Trent Ltd's Market Cap Crosses Rs 2 Lakh Crore - 05 Jul, 2024

Trent Ltd, the fifth Tata Group company to achieve this milestone, has seen an 87% rally in shares since the beginning of the year. The company reported consistent strong performance in retail with double-digit same-store-sales growth and innovation in product portfolio. Analysts predict key growth drivers will be aggressive store expansions, scaling up of the Star business, and leveraging on digital presence. However, consensus price targets imply a potential downside of 17.1% in the next 12 months.

Trent's Westside Opens New Store in Gurgaon - 03 Jul, 2024

Trent's brand, Westside, has opened a new store in Gurgaon spanning 27,472 sq ft. The store will feature most of Westside's brands across apparels, accessories, cosmetics, footwear, and HOME - all conveniently available at one location.

Trent Shares Reach Record High Amid Positive Outlook - 28 Jun, 2024

Trent Ltd's stock has been maintaining a strong upward trend since January 2023, resulting in a remarkable gain of 358%. Analysts maintain a positive outlook on the stock's valuations due to its robust growth and prudent expansion strategy. Trent is likely to join Nifty 50 in September review.

Trent Ltd Stock Trades Higher, MACD Signals Bullish Bias - 27 Jun, 2024

Shares of Trent Ltd traded 0.98% higher at Rs 5313.7 on Thursday. The stock has climbed 232.98% in the last one year till date. For Q4 FY24, the company reported consolidated sales of Rs 3374.57 crore and net profit of Rs 704.23 crore. Promoters held 37.01% stake in the company as of 31-Mar-2024.

Trent Ltd's ROCE Outpaces Industry Average - 24 Jun, 2024

Trent Ltd has an impressive ROCE of 22%, outpacing the industry average of 17%. Returns on capital have increased substantially over the last five years, and a remarkable 1,105% total return over the same period indicates that investors are expecting more good things to come in the future. Trent can compound returns by consistently reinvesting capital at increasing rates of return.

Trent's Zudio Overtakes Westside in Revenues - 20 Jun, 2024

Zudio, the private label brand of Trent, posted revenues of Rs 6,744 crore last year, up 90% YoY, overtaking Westside. Zudio's chain of stores has expanded to 545 with plans to add 200 more this year. Its price advantage lies in offering private labels and its ability to respond to changing trends is remarkable. However, it stays away from online channels due to significant logistics costs.

Trent Ltd Receives Buy Rating from Motilal Oswal - 19 Jun, 2024

Motilal Oswal Financial Services has retained its Buy rating on Trent Ltd stock with a target price of Rs. 5800, indicating an 8% upside. The brokerage cites the company's successful store performance, healthy store economics, and aggressive growth strategy as key drivers for substantial growth over the next 3-5 years. Trent is estimated to have a CAGR of 36% in standalone revenue and 34% in EBITDA over FY24-26.

Trent Reports Increase in Shrinkage and Clarifies Investment in Zara JV - 15 Jun, 2024

Tata-owned Trent Ltd reported an increase in shrinkage to 0.41% of sales in FY24 from 0.22% in FY23 due to significant volume growth. Additionally, the company clarified that its investment in the Zara JV is purely financial in nature and not a long-term strategic investment integral to their retail operations.

Trent to Expand Star Bazaar Chain with 20-25 New Stores in FY25 - 14 Jun, 2024

Trent plans to add 20-25 new stores to its supermarket and hypermarket chain, Star Bazaar, in FY25. The company will follow a clustered approach targeting states such as Maharashtra, Karnataka, and Telangana for local scale and cost efficiency. Trent's joint venture with Tesco, called Trent Hypermarket, saw a 21% YoY increase in revenue to Rs 2,210.53 crore in FY24.

Trent Ltd Posts Strong Revenue Growth, Receives Buy Ratings from Analysts - 13 Jun, 2024

Trent Ltd receives Buy ratings from Motilal Oswal and Sharekhan with target prices of Rs. 5500 and Rs. 5838 respectively. The company has posted strong revenue growth and gained market share despite muted demand in the discretionary category.