Trent ltd. announces Q4 FY23 Results
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Revenues crossed Rs 10,000 crs in FY23 across our all concepts from a store portfolio of over 600 stores
Portfolio of over 580 fashion stores
Standalone revenues exceed Rs 8,200 cr
Standalone Net profit for 31st March quarter rose by 40.41% to 105.13 crores
Standalone profit for the year ended 31 st March rose by 122.15% to 554.57 crores
CAGR over FY20: 34% for Revenues and 43% for PBT
Star revenues up 46% over Q4 FY22
Trent Limited (the “Company”), today announced its financial results for the fourth quarter ended March 31 st , 2023 (standalone and consolidated).
Standalone Results
* The results for Q4 FY23 are not comparable with the corresponding quarter. This is given the change in profile & quantum of inventory provisioning, rent waivers etc between the quarters on account of the pandemic. Q4 FY22 had accounting for rent waivers and reversals relating to inventory provisioning. Accordingly, the CAGR of revenues and profitability versus FY20 on a full year basis is more representative of growth.
* Trent registered the highest ever revenues for the full year FY23. The change in the revenue profile across formats is aligned with our expansion strategy. Operating EBIT* margin for FY23 was 7.7% (7.4% for FY22 and 6.6% for FY20). The performance of the business and the growth momentum encourages us to continue
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