Trent's outperformance likely to continue on strong topline momentum

Even as the top line performance exceeded estimates, the company's margin performance was disappointing

The Trent stock was up sharply after gaining 8.7 per cent in trade on Thursday on the back of a strong top-line performance in the December quarter (Q3FY23). Led by growth across its businesses, the Tata Group-owned retailer yet again outperformed the sector with a reported revenue growth of 61 per cent to ­Rs 2,171.5 crore.

Over a three-year period, the annual revenue growth for the company stands at 36 per cent. The company indicated that Q3 financials were not comparable to year-ago period numbers given the change in profile; Q3FY22 had accounting for rent waivers and reversals relating to