Trent: Revenue train continues to chug
(Feb 8, 2005)
Tata group's retailing arm, Trent Limited, declared its December quarter numbers recently. The company grew its revenues in strong double digits (up 67% YoY) during the quarter, continuing the trend it set in FY04 and 1HFY05. However, pressure on operating margins and lower other income saw the company reporting a marginal dip in bottomline. The company finished 9mFY05 with a 49% revenue growth and over 7% dip in bottomline.

Trent: On a new growth trajectory
(Nov 17, 2004)
Tata group's retailing arm, Trent Limited's market cap has gone up by over 22% since yesterday. What was the key reason for this? Let's take a look at the company's recent performance to get an idea. The company grew its revenues in strong double digits during the first half of FY05, continuing the trend it set in FY04. The company's topline was up over 38% during the period. However, pressure on operating margins resulted in the retailing major reporting an 11% dip in bottomline.

Trent: Building up scale but…
(Aug 24, 2004)
Tata group's retailing arm, Trent Limited, grew its revenues in strong double digits during the June quarter, continuing the trend it set in FY04. The company's topline was up over 45% during the quarter. However, pressure on operating margins resulted in the retailing major reporting a 24% dip in bottomline.

Trent: Growth story continues
(Dec 4, 2003)
The Tata group’s retailing arm, Trent, recently declared its September quarter results. The company posted a topline growth of around 50% YoY and a bottomline growth of 44%. During the quarter, operating margins have gone down by 370 basis points. Let’s take a deeper look at its performance so far.

Trent: Beyond FY03
(Jun 19, 2003)
Trent, the Tata group's retailing arm, recently declared its FY03 results. The company posted a 36% YoY growth in revenues, while net profits rose by 65%. Trent continues to grow its topline on the back of the expansion initiatives taken during the year. We take a deeper look at the numbers, which seem to be enthusing.

Trent: Expanding base...
(Jan 20, 2003)
The Tata Group retailing arm, Trent Limited, has reported a 46% growth in 3QFY03 topline. However, an over 83% growth in purchase of finished goods led to expenses increasing at a faster clip than sales. Consequently, the company's operating margins have dipped to 7.7% during the quarter.

Trent: Operational performance improves
(Oct 28, 2002)
The Tata Group retailing arm, Trent Limited, has reported a 36% growth in topline. However, lower other income and higher taxes during the quarter resulted in a marginal 2% dip in net profits of the company. Operationally, the performance is better than what was reported in June quarter 2002.

Trent: Operational worries return
(Aug 5, 2002)
The Tata Group retailing arm, Trent Limited, declared its June quarter results recently. The company reported a 13% growth in topline and a significant three fold jump in bottomline during the quarter. The bottomline growth was aided by interest on tax refund and a tax write back of earlier years.

Trent FY02: Sign of things to come
(Jun 24, 2002)
The retailing arm of the Tata Group has finished FY02 with a much improved operational performance. The company's turnover was up by a significant 67% YoY. However, the net profit was stagnant at last year's levels. Retail sales (volumes) increased by 72% YoY.

Trent: Encouraging retail story
(Mar 19, 2002)
The retailing arm of the Tata Group, Trent Limited, has seen its stock price jump sharply (by over 50%) in the last one month. Market circles were rife with rumours that 'Shopper's Stop', a private retailing group, has managed to privately place some part of its equity at a substantial premium. However, the truth is that the Tata Group is looking at hiking its stake in the company. This seems to have put the spotlight on Trent, which is one of the few listed retail chains in India.