Q3FY18 Results: Trent reports muted bottomline growth
Trent reported results for the quarter ended December 31, 2017 with standalone revenue for the quarter at Rs. 521.32 crore, registering 18.3 per cent yoy increase. Also, revenues of Westside format for the nine months ended 31st December 2017 was higher by 22 per cent (like to like 10 per cent) as compared to the corresponding previous period.
EBITDA for the quarter rose by 41.7 per cent yoy to Rs. 68.6 crore with a corresponding margin expansion of 217 bps. EBITDA margin for the quarter stood at 13.2 per cent. This margin expansion was aided by favourable movements in inventories. The PAT for the quarter came in at Rs. 37.9 crore, yoy increase of 1.8 per cent.
Trent Limited is a leading organized retail player in India operating branded stores like Westside, Star Bazaar, Landmark and Zara. The company which is a part of Tata Group had 107 stores of Westside as of FY17.
On Friday, the stock opened at Rs. 314.40 and touched an intraday high and low of Rs. 324.50 and Rs. 311.90, respectively, on the BSE.