Tata Group‘s retail arm Trent will report its second-quarter and half-yearly results next month, the company said in a press release on Tuesday.

What Happened: The board of the parent company of Zudio will meet on November 7 to approve the financial results for the quarter and half year. Trent, whose shares have soared by 170% this year, is poised to report bumper profits this quarter as well.

In the previous quarter, the Tata Group firm’s profit jumped by a whopping 135%, beating analysts’ estimates. The company posted a consolidated net profit of ₹391.21 crore for the April-June period, whereas its revenue from operations soared 56% year-on-year to ₹4,104.44 crore.

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Brokerages’ Estimates: Trent is one of Axis Securities’ top picks in the retail sector ahead of the earnings. The brokerage expects its revenue to rise 55% year-on-year to ₹4,481 crore on the back of strong store expansion. It expects the retailer’s net profit to increase 73.5% to ₹503 crore.

EBITDA is expected to improve 61.6% to ₹745 crore and EBITDA margin is likely to grow by 67 basis points on account of strong operating leverage, Axis said.

Motilal Oswal forecast Trent’s revenue to grow by 48% to ₹4,300 crore on account of robust same store sales growth and strong expansion. Profit after tax is expected to improve by 37% to ₹400 crore. The brokerage expects the company to have added a total of 27 Westside and Zudio stores in the period.

Nuvama Institutional Equities estimates Trent to maintain its outperformance and is one of its top picks in the sector. The brokerage sees the company’s revenue escalating by 51% to ₹4,370 crore and net profit rising by 118% to ₹630 crore.

Nuvama has projected a 12% like-for-like growth for Trent’s fashion portfolio. Gross margins are expected to improve by approximately 150 basis points year-on-year, remaining stable sequentially. Overall, the brokerage anticipates Trent to report an EBITDA margin of 22.7% with EBITDA projected to rise 116% year-on-year to ₹990 crore.

Price Action: Trent closed flat at ₹8,125 on Tuesday.

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