Trent Q4 profit slumps 55%

Revenue jumps 28%; Zudio tops $1 billion in annual sales

- SHARLEEN D'SOUZA

Fashion and lifestyle retailer Trent saw its consolidated net profit fall 54.8 per cent in the fourth quarter (January-March) of 2024-25 (Q4FY25) compared to the same period of FY24, even as it included ₹576 crore as gains on reassessment of estimates related to lease terms under IND AS 116. IND AS 116 is the Indian Accounting Standard for Leases, replacing AS 19.

Its revenue from operations rose 27.9 per cent to ₹4,216.9 crore in Q4 compared to the same period last year and its like-for-like growth was in mid-single digit in the quarter on a standalone basis. In FY25, like-for-like growth was in double digits on a standalone basis. Trent said its consolidated revenues did not include revenues of the Trent Hypermarket business.

However, the reported results include the proportionate share of profitability of this venture and is accounted based on the equity method. Its profit on a consolidated basis stood at ₹318.2 crore in the quarter.