Trent posted INSANE Q3 results. Strong, broad-based growth across ALL verticals helped boost the top line. The firm’s fashion concept stores saw LFL growth of 10% YoY. Even its ‘emerging category’ vertical, which includes innerwear and footwear, was on fire. Finally, tweaks to its revenue profile across stores helped lift margins and the bottom line.
Revenue: Rs 3,466 cr; +51% YoY (vs Est: Rs 3,300 cr)
EBITDA: Rs 629 cr; +95% YoY (vs Est: Rs 545 cr)
EBITDA Margin: 18.1% vs 14% last year
PAT: Rs 371 cr; +140% YoY(vs Est: Rs 280 cr)
Trent is up +180% over the last year.