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Trent takes a breather from 50% plus growth in Q2
Mint Mumbai
|November 09, 2024
The closure of 25 stores—16 Zudio and nine Westside—capped overall growth this time around
When the bar is set high, every shortfall appears glaring. A case in point is Trent Ltd's September quarter (Q2FY25) results where the retailer clocked almost 40% standalone revenue growth to ₹4,036 crore. Taken in isolation, growth is stellar. But it is a moderation from the 50% plus growth rates seen in recent quarters and also below some analysts' expectations. The Q2 revenue growth missed the 50% mark, the first since Q4FY21, pointed out analysts from Nuvama Institutional Equities in a report on 7 November. "The growth is still healthy though, given the persistent slowdown in consumption; in fact, Trent's growth is still industry-leading," added the
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