Trent‘s shares plummeted by over 5% after the firm posted its results for the July to September quarter on Thursday.

What Happened: The Tata Group firm’s standalone net profit jumped 46% to ₹423.44 crore compared to ₹289.67 crore posted in the same period last year. Sequentially, profit after tax jumped 24% from ₹342 crore. The figure was below analyst estimates of ₹478 crore.

Revenue from operations came in at ₹4,035.56 crore, representing an increase of 39.6% against a revenue of ₹2,890.72 crore posted in the second quarter of FY24. In Q1, the Zudio owner’s standalone revenue stood at ₹3,992 crore. The revenue number fell short of the street’s estimates of ₹4,376 crore.

The company’s total income came in at 4,174.22 crore for the quarter.

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As of September end, the company’s store portfolio included 226 Westside, 577 Zudio and 28 stores across other lifestyle concepts. During the quarter, Trent opened 7 Westside and 34 Zudio stores, including 1 in Dubai. In Q2FY25, the fashion segment registered double digit like-for-like (LFL) growth, the company said in a statement.

On the other hand, the supermarket business, registered operating revenue growth of 27% in Q2 with an LFL growth of over 14%, the company added.

Price Action: Trent’s shares fell 5.18% to ₹6,595.20 on Thursday.

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