Trent Ltd , a prominent player in India's retail sector, is set to announce its September quarter earnings on Friday. The company, known for its Westside and Zudio store formats, is expected to show strong growth driven by aggressive store expansion, according to analyst estimates.

Revenue and Profit Projections

Analysts from four brokerages have provided estimates for Trent's Q2 FY2024 performance:

The wide range in net profit growth estimates suggests varying opinions on the company's bottom-line performance for the quarter.

Store Expansion and Operational Performance

Trent's growth strategy appears to be centered around rapid store expansion:

• Added 31 Zudio stores during Q2
• Opened 6 new Westside stores in the same period

This aggressive expansion is expected to be a key driver of the projected revenue growth.

Margins and Efficiency

Analysts project EBITDA margins to be in the range of 16.5-17.5%. The company's operational performance is anticipated to remain strong, supported by:

• Scale efficiencies
• Cost savings from RFID (Radio-Frequency Identification) implementation

However, margins may face some pressure due to:

• Higher mix of Zudio format stores (typically lower-margin)
• Seasonal effects from festive period promotions

Key Focus Areas

Investors and analysts will be paying close attention to management commentary on:

1. Current demand trends
2. Same-store sales growth guidance
3. Future store expansion plans

Upcoming Investor Meeting

In a recent corporate filing, Trent has announced an upcoming one-to-one meeting with Valiant Capital, scheduled for November 12, 2025. While this meeting is beyond the immediate earnings announcement, it underscores the company's ongoing engagement with institutional investors.

As Trent prepares to unveil its Q2 results, the market will be watching closely to see if the company's expansion-driven strategy translates into strong financial performance amidst evolving retail dynamics in India.

Renowned investor Radhakishan Damani has completely exited his stake in Trent Ltd , a Tata Group retail company, according to recent shareholding data. This move marks the end of Damani's decade-long investment in the company, which began around 2010.

Damani's Exit and Trent's Performance

Damani's stake, held through Derive Trading and Resorts Private Limited, has dropped below 1% in the September quarter, down from 1.2% in the previous quarter. This exit comes after a significant period of growth for Trent, both in terms of financial performance and stock price.

Stock Performance and Valuation

Trent's stock has seen remarkable growth over the past five years, but recent trends show a significant correction:

• Surge: Over 650% increase from Rs 635.00 in October 2020 to Rs 4,788.55 as of October 24, 2025
• Recent Decline: 36% drop from its peak of nearly Rs 7,500.00 in October 2024

Despite the recent decline, Trent's valuation remains at a premium compared to industry standards:

Company Overview

Trent operates several well-known retail brands in India:

• Westside
• Zudio
• Star
• Landmark

As of the latest data, Trent is valued at Rs 1.70 lakh crore, reflecting its significant presence in the Indian retail sector.

The exit of a prominent investor like Radhakishan Damani, coupled with the recent stock price correction, may prompt investors to closely monitor Trent's future performance and valuation metrics. However, it's important to note that the company's strong financial growth over the past five years demonstrates its robust business model in the competitive retail sector.