Trent (TRENT) Q2 24/25 earnings summary

Executive summary

• Achieved H1 FY25 revenue of ₹8,027 Cr, with over 875 stores and presence in 180+ cities as of September 30, 2024.

• Q2 FY25 standalone revenue reached ₹4,036 Cr, up 40% year-over-year; consolidated revenue at ₹4,157 Cr, up 39%.

• Standalone operating EBIT for Q2 FY25 was ₹430 Cr, up 54% year-over-year; consolidated operating EBIT at ₹429 Cr.

• Standalone PBT for Q2 FY25 was ₹555 Cr, up 48% year-over-year; consolidated PBT at ₹467 Cr, up 49%.

• Unaudited standalone and consolidated financial results for the quarter and six months ended 30th September 2024 were approved by the Board and reviewed by statutory auditors, with unmodified review reports issued for both sets of results.

Financial highlights

• Standalone revenue from operations for Q2 FY25 was ₹4,035.56 crore, up from ₹2,890.72 crore in Q2 FY24; consolidated revenue for Q2 FY25 was ₹4,156.67 crore, up from ₹2,982.42 crore year-over-year.

• Standalone net profit for Q2 FY25 was ₹423.44 crore, up from ₹289.67 crore in Q2 FY24; consolidated net profit for Q2 FY25 was ₹335.06 crore, up from ₹228.06 crore year-over-year.

• Standalone EPS for Q2 FY25 was ₹11.91 (basic and diluted), compared to ₹8.15 in Q2 FY24; consolidated EPS for Q2 FY25 was ₹9.53, up from ₹6.60 in Q2 FY24.

• Revenue CAGR over the last 6 years stands at 38%, with Q2 FY25 revenue at ₹4,036 Cr.

• Market capitalization reached ₹2,69,269 Cr in Q2 FY25, with a 73% CAGR since Q2 FY20.

Outlook and guidance

• Forward-looking statements caution that actual results may differ due to economic, regulatory, and market factors.

• No explicit forward-looking guidance provided, but continued focus on retailing/trading of merchandise as the main business.