On August 9, Tata Group’s company Trent saw a significant rise in its stock price. The stock price increased by up to 13% following the company’s quarterly results. On this day, the stock closed at ₹6,276.90 on the BSE, marking an 11% increase.
During afternoon trading on BSE, Trent’s stock price jumped 13%, reaching ₹6,375 per share for the first time. The boost came after the company’s June quarter results exceeded market expectations.
Trent’s revenue for the first quarter of FY25 grew 56% year-on-year to ₹4,104 crore, driven by the rapid expansion of its Juddiyo stores and strong performance by other lifestyle stores. The company’s EBITDA increased by 66.80% to ₹612.70 crore. After taxes, Trent’s profit rose by 134% to ₹391.20 crore.
Over the past year, Trent’s stock price has surged by 266.20%. In the last six months alone, the price has increased by 63%. Investors who have held the stock for three months have enjoyed a 39% gain. The lowest price for the company’s stock in the past 52 weeks was ₹1,790.95.
As of June 2024, Trent operates 228 Westside stores, 559 Juddiyo stores, and 36 other stores. During the June quarter, the company opened 6 new Westside stores and 16 new Juddiyo stores in 12 cities, increasing its presence to 178 cities.