Trent gains 7% on healthy revenue growth in December quarter

Trent said, the Star business with tight footprint stores and focus on fresh foods & own brands offering continue to witness improved customer traction with growing sales densities.

Shares of Trent rallied up to 7 per cent to Rs 1,324.95 on the BSE in Thursday’s intra-day trade in an otherwise range-bound market after the company reported strong revenue growth in December quarter (Q3FY23). In comparison, the S&P BSE Sensex was up 0.05 per cent at 60,691 at 10:45 AM.

The company said its consolidated revenues for Q3FY23 at Rs 2,460 crore grew by 53 per cent over Q3FY22 and 185 per cent over Q3FY20. Profit after tax was up 21 per cent year-on-year (YoY) to Rs 161 crore.

Trent is part of the Tata Group and