' 49 ' related views found. Displaying results 1 - 10
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Trent: Lower sales push aids margins
(Jul 30, 2010)
Trent has announced its 1QFY11 results. The company has reported a 33% YoY and 57% YoY growth in sales and net profits respectively. Here is our analysis of the results.
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Trent: Other income saves the day
(Jun 1, 2010)
Trent Ltd has announced its FY10 results. The company has reported a 9.3% YoY and 50% YoY growth in sales and net profits respectively. Here is our analysis of the results.
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Trent: Bouyed by the festive season
(Jan 27, 2010)
Revenues grow by 19.4% YoY led by rebound in consumption. Apart from signs of economic revival, pickup in sales could be attributed to festive and marriage season sales.
Operating costs grow at a slower rate as compared to net sales resulting in 2.9% expansion in EBITDA margins.
Despite nearly six-fold growth in interest expense, profit before tax (PBT) report growth of 33.6% YoY. This is mainly on account of a good show at the operating level and stable to marginal growth in other income.
Net profits report whopping growth of 170% YoY. The same is the result of exceptional item (profit on sale of minority stake of its subsidiary Landmark Ltd to Private Equity Fund). Otherwise, i.e. excluding exceptional item, bottomline reports 23.6% YoY fall.
During the quarter, the company opened two Westside stores taking the total number of Westside stores to 42 and the total number of stores under various formats 51 (Westside, Sisley and Fashion Yatra).
With effect from 1st A
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Trent: Other income boost
(Oct 27, 2009)
Revenue growth stands at nearly 6% YoY during 2QFY10. Pick up in sales could driven by festive season sales.
Operating costs continue to grow at a faster rate as compared to net sales, thus resulting in loss of Rs 59 m.
However, at the net level, Trent reports nearly 49% YoY growth. The same is backed by 32% YoY growth in other income.
During the quarter, the company opened two Westside stores taking the total number of Westside stores to 40 and the total number of all format stores to 46 stores.
With effect from 1st August, 2008, the company transferred its Star Bazaar business as a going concern to its 100% subsidiary Trent Hypermarket Ltd. Hence, performance is not truly comparable on a year on year basis.
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Trent: Improving scenario, yet long way
(Aug 7, 2009)
Revenues decline by 8.3% YoY during 1QFY10, as consumers are not splurging on luxury items as previously done.
Operating profits report four-fold growth as operating costs fall at a steeper rate as compared to topline.
Despite a good show at the operating level, net profits decline by 37.8% YoY on account of higher interest costs and taxes.
During the quarter, the company opened two Westside stores taking the total number of Westside stores to 38 and the total number of all format stores to 44 stores.
With effect from 1st August, 2008 the company transferred its Star Bazaar business as a going concern to its 100% subsidiary Trent Hypermarket Ltd. Hence, the performance is not strictly comparable on a year on year basis.
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Retail: Cost vigilance throughout
(Jun 26, 2009)
In our previous articles we highlighted the issues faced by the retailers and the operational issues that impacts their ability to sustain and/or improve profitability.
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Retail: Not so easy going
(Jun 24, 2009)
In our previous article we highlighted the factors that led to disappointing retail growth. Apart from those mistakes, there is an operational issue that also hurts the ability to reward shareholders for the capital invested.
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Trent: Lower taxes to the rescue
(Jun 18, 2009)
Reports flat sales on a standalone basis during FY09, while consolidated revenues are higher by 18% YoY. Slowing economic growth impacts lifestyle retailing business of the company.
Increased cost of operations dents operating margins.
Compared to the 63% YoY decrease in operating profits on a standalone basis, decline in bottomline is lower at 19% YoY. Higher other income and lower taxes restrict the fall in net profits.
On a consolidated basis, net profits are down by 97% YoY. Apart from the gloomy environment, the profits are lower on account of incubation of the Hypermarket business.
The company opened 8 Westside stores, two Sisley stores and one Fashion Yatra store during the quarter taking the total number of Westside stores to 36 and the total number of stores under various formats to 42.
With effect from 1st August, 2008 the company transferred its Star Bazaar business as a going concern to its 100% subsidiary Trent Hypermarket Ltd. He
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Retail: Sailing through hard times
(Jun 17, 2009)
The retail sector was growing at the rate of 30% to 40% and was expected to continue growing at the same rate going forward. Transition from the traditional retail to organised retailing was expected to take place on the back of changing consumer mindset, lower penetration levels, changing demographic mix, media proliferation, etc.
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Trent: Ramping up stores, but…
(Feb 12, 2009)
Topline declines by 12% YoY during 3QFY09. Slowing economic growth impacts growth of retail sector.
Lower inventory and lower advertisement expenses lessen overall operational costs. The same helped the company expand EBITDA margins by 0.4% YoY in 3QFY09.
Despite nearly six-fold growth in operating income, net profits decline by 42% YoY in 3QFY09 on account of higher depreciation charges, tax outgo and lower other income.
The company has opened 4 Westside stores and the first Fashion Yatra store during the quarter taking the total number of Westside stores to 36 and the total number of stores under various formats to 42.
With effect from 1st August, 2008 the company has transferred its Star Bazaar business as a going concern to its 100% subsidiary Trent Hypermarket Ltd. Hence, performance is not truly comparable on year on year basis.
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