Trent is a brand with a strong foothold in India’s branded retail market. Its flagship wing, Westside, is part of the Tata Group and sells branded fashion garments, footwear, and accessories for women, men, and children, apart from a diverse variety of home furnishings and décor.
Trent’s shares rose to an all-time high of 1,479 per share on the BSE in today’s trading session, breaking the 50,000 crore barrier and joining the list of the top 100 firms by market value. The stock has gained approximately 11% in the last five trading sessions and is up by more than 39% year to date.
It posted a consolidated net profit of 115 crore in the first quarter of the current fiscal year, compared to a net loss of 138 crore in the previous quarter. Its revenue from operations during the quarter under review was 1,803 crore, more than double that of the pandemic-hit same quarter a year earlier.