Tata groups retail arm to report Q1 numbers on Friday; heres what to expect
Trent Q1: The company on the back of lower interest and depreciation costs is seen to post over 100 per cent jump in net profit during Q1.
Trent- Tata group's retail company is slated to report its Q1 earnings on Thursday (August 9). Zee Business research expects the company to report good show in Q1. For the review period, the company's standalone PAT at Rs 335 crore, a 127 per cent year-on-year (YoY) rise. The same is attributed to the reduction in the interest and depreciation costs for the company.
The revenue at the company is seen to log 49 per cent healthy growth, while the EBITDA is seen to clock 59 per cent growth. The estimates suggest that EBITDA- a key profitability metric cam come in at Rs 583 crore during the review quarter.
Margins at the company during June quarter is likely to close 110 bps jump and is estimated at 15.5 per cent. In the same quarter last year, it was at 14.4 per cent.
The desk expects the same strore sales growth or SSSG during the review period to remain robust. Further, the company is seen benefitting from store expansion.
Zudio and Westside are expected to open 15 and 4 new stores as per the research team.
Key monitorables
The stakeholders will largely focus on the demand oulook.
Trent's share price performance
The company's shares ahead of its results tomorrow ended at Rs 5.644. up over 3 per cent. In the last one year, the stock has zoomed 234 per cent.
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