Trent’s stock price has appreciated by 11 percent in the past one week!
The company reported strong earnings for the quarter ended June 2022 (Q1, FY ’23) with industry best revenue growth and strong beat on almost all parameters.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA), in absolute terms, came in much higher than analysts estimate of Rs. 304.1 crore.
The standalone sales also grew 405 per cent year-on-year to Rs. 1,653 crore driven by robust store addition trajectory over the last few years. Tata Trent has opened 301 stores of Westside and Zudio over the past four years.
The expansion spree is expected to grow over the next two years.
