Trent (TRENT) Q1 24/25 earnings summary

Executive summary

• Achieved consolidated revenue of ₹4,104.44 crore in Q1 FY25, up 56% year-over-year, with standalone revenue at ₹3,991.74 crore.

• Standalone and consolidated unaudited financial results for Q1 FY25 were approved by the Board on 9th August 2024, with unmodified opinions.

• Profit before tax (PBT) on a consolidated basis was ₹501 crore, a 136% increase year-over-year.

• Store network expanded to over 890 stores across 170+ cities as of June 30, 2024.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹3,991.74 crore, up from ₹2,536.43 crore in Q1 FY24; consolidated revenue was ₹4,104.44 crore, up from ₹2,628.37 crore year-over-year.

• Standalone net profit for Q1 FY25 was ₹342.15 crore; consolidated net profit was ₹391.21 crore.

• Standalone operating EBIT grew 113% to ₹417 crore; consolidated EBIT (including JVs/associates) at ₹445 crore.

• Standalone PBT rose 133% to ₹450 crore; consolidated PBT at ₹501 crore, up 136%.

• Revenue CAGR over the last six years stands at 39%.

Outlook and guidance

• Forward-looking statements note potential impact from economic conditions, regulatory changes, and market demand.

• The Board approved tendering of 140,000 equity shares in Inditex Trent Retail India Private Limited (ITRIPL) for buyback at ₹7,506 per share, subject to acceptance.