Fashion retailer Trent Ltd has the potential to grow 10 times its current size, chairman Noel Tata has told Mint, without sharing the timeline for growth.
Fashion and apparel industry have been one of the rising sectors of the country with a large young population and growing per capital income.
In the past year, investor interest has grown in the retail arm of the Tata Group, resulting in 250 percent growth in firm’s shares after August 21 closing price of Rs 6,776.7 on BSE, the report said.
Trent has received a massive boost from its smaller format store Zudio, pushing its market capitalisation to over Rs 2.4 lakh crore and making it the fourth most valuable Tata group firm.
Early this month, Trent reported a consolidated net profit of Rs 392.6 crore for Q1 FY25, rising 126 percent from the year-ago period. The earnings beat Street expectations by a wide margin.
The Tata Group’s company revenue came in at Rs 4,104.4 crore, rising 56 percent from Rs 2,628.37 crore in the year-ago quarter, the company said in a regulatory filing.
In the financial year 2024-25, revenue rose 54.2 percent to Rs 12,669 crore, while the profit surged 82 percent to Rs 1,029 crore.
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