Upcoming Dividend • Jun 05
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 12 June 2026. Payment date: 23 July 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.3%). Reported Earnings • May 31
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹48.37 (up from ₹43.51 in FY 2025). Revenue: ₹200.7b (up 17% from FY 2025). Net income: ₹17.2b (up 11% from FY 2025). Profit margin: 8.6% (down from 9.0% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 38% per year. Declared Dividend • Apr 29
Dividend increased to ₹6.00 Dividend of ₹6.00 is 80% higher than last year. Ex-date: 10th June 2026 Payment date: 23rd July 2026 Dividend yield will be 0.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 28
Trent Limited, Annual General Meeting, Jun 23, 2026 Trent Limited, Annual General Meeting, Jun 23, 2026. Reported Earnings • Apr 23
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹48.37 (up from ₹43.51 in FY 2025). Revenue: ₹200.7b (up 17% from FY 2025). Net income: ₹17.2b (up 11% from FY 2025). Profit margin: 8.6% (down from 9.0% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 17
Trent Limited to Report Fiscal Year 2026 Results on Apr 22, 2026 Trent Limited announced that they will report fiscal year 2026 results at 12:15 PM, Indian Standard Time on Apr 22, 2026 Reported Earnings • Feb 06
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: ₹14.42 (up from ₹13.99 in 3Q 2025). Revenue: ₹53.5b (up 15% from 3Q 2025). Net income: ₹5.13b (up 3.1% from 3Q 2025). Profit margin: 9.6% (down from 11% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 15
Trent Limited to Report Q3, 2026 Results on Feb 04, 2026 Trent Limited announced that they will report Q3, 2026 results on Feb 04, 2026 Price Target Changed • Nov 15
Price target decreased by 7.0% to ₹5,431 Down from ₹5,841, the current price target is an average from 24 analysts. New target price is 24% above last closing price of ₹4,389. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₹52.60 for next year compared to ₹43.51 last year. Reported Earnings • Nov 09
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: ₹10.60 (up from ₹9.53 in 2Q 2025). Revenue: ₹48.2b (up 16% from 2Q 2025). Net income: ₹3.77b (up 13% from 2Q 2025). Profit margin: 7.8% (down from 8.1% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 48% per year. Duyuru • Oct 15
Trent Limited to Report Q2, 2026 Results on Nov 07, 2025 Trent Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹12.09 (vs ₹11.04 in 1Q 2025) First quarter 2026 results: EPS: ₹12.09 (up from ₹11.04 in 1Q 2025). Revenue: ₹48.8b (up 19% from 1Q 2025). Net income: ₹4.30b (up 9.5% from 1Q 2025). Profit margin: 8.8% (in line with 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 57% per year. Duyuru • Jul 15
Trent Limited to Report Q1, 2026 Results on Aug 06, 2025 Trent Limited announced that they will report Q1, 2026 results on Aug 06, 2025 New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Jun 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹43.51 (up from ₹41.82 in FY 2024). Revenue: ₹171.3b (up 39% from FY 2024). Net income: ₹15.5b (up 4.0% from FY 2024). Profit margin: 9.0% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 5.4%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 68% per year whereas the company’s share price has increased by 73% per year. Upcoming Dividend • Jun 05
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 02 August 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.2%). Reported Earnings • Apr 30
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹43.51 (up from ₹41.82 in FY 2024). Revenue: ₹171.3b (up 39% from FY 2024). Net income: ₹15.5b (up 4.0% from FY 2024). Profit margin: 9.0% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 5.4%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 15
Trent Limited to Report Fiscal Year 2025 Results on Apr 29, 2025 Trent Limited announced that they will report fiscal year 2025 results on Apr 29, 2025 Price Target Changed • Feb 11
Price target decreased by 7.9% to ₹6,327 Down from ₹6,873, the current price target is an average from 21 analysts. New target price is 21% above last closing price of ₹5,227. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₹46.37 for next year compared to ₹41.82 last year. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹13.99 (vs ₹10.53 in 3Q 2024) Third quarter 2025 results: EPS: ₹13.99 (up from ₹10.53 in 3Q 2024). Revenue: ₹46.6b (up 34% from 3Q 2024). Net income: ₹4.97b (up 33% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 06
GRUPO MASSIMO DUTTI, S.A. signed a letter of intent to acquire 29% stake in Massimo Dutti India Private Limited from Trent Limited (BSE:500251) for approximately INR 210 million. GRUPO MASSIMO DUTTI, S.A. signed a letter of intent to acquire 29% stake in Massimo Dutti India Private Limited from Trent Limited (BSE:500251) for approximately INR 210 million on February 6, 2025.
The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. The expected completion of the transaction is March 31, 2025. The share purchase agreement shall be executed before March 31, 2025. Duyuru • Jan 17
Trent Limited to Report Q3, 2025 Results on Feb 06, 2025 Trent Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Additional Non-Executive Independent Director Kiran Mazumdar-Shaw was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹9.53 (up from ₹6.60 in 2Q 2024). Revenue: ₹41.6b (up 39% from 2Q 2024). Net income: ₹3.35b (up 43% from 2Q 2024). Profit margin: 8.1% (up from 7.9% in 2Q 2024). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 7.8%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 76% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 15
Trent Limited to Report Q2, 2025 Results on Nov 07, 2024 Trent Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Major Estimate Revision • Aug 16
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₹175.0b to ₹184.3b. EPS estimate increased from ₹44.72 to ₹51.29 per share. Net income forecast to grow 17% next year vs 36% growth forecast for Specialty Retail industry in India. Consensus price target up from ₹4,817 to ₹5,949. Share price rose 3.8% to ₹6,513 over the past week. Price Target Changed • Aug 12
Price target increased by 15% to ₹5,527 Up from ₹4,817, the current price target is an average from 20 analysts. New target price is 13% below last closing price of ₹6,382. Stock is up 231% over the past year. The company is forecast to post earnings per share of ₹51.66 for next year compared to ₹41.82 last year. Reported Earnings • Aug 10
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₹11.04 (up from ₹4.88 in 1Q 2024). Revenue: ₹41.0b (up 56% from 1Q 2024). Net income: ₹3.93b (up 126% from 1Q 2024). Profit margin: 9.6% (up from 6.6% in 1Q 2024). Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 91% per year whereas the company’s share price has increased by 92% per year. Duyuru • Aug 09
Trent Limited Announces Board Retirements Trent Limited announced that Mr. Johannes Holtzhausen, Independent Director (DIN: 09577682) shall retire with effect from 10 August 2024. And Mr. Bhaskar Bhat, Non-Independent, Non-Executive Director (DIN: 00148778) shall retire with effect from 30 August 2024. Reason for change: Pursuant to completion of term. Duyuru • Jul 23
Trent Limited to Report Q1, 2025 Results on Aug 09, 2024 Trent Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Duyuru • Jun 13
Trent Limited Approves Dividend for the Financial Year Ended 31 March 2024 The 72nd Annual General Meeting of the Members of Trent Limited held on 12th June 2024, approved to declare dividend of INR 3.20/- per Equity Share of face value of INR 1/- each for the financial year ended 31st March 2024. Upcoming Dividend • May 15
Upcoming dividend of ₹3.20 per share Eligible shareholders must have bought the stock before 22 May 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.1%). Declared Dividend • May 01
Dividend increased to ₹3.20 Dividend of ₹3.20 is 45% higher than last year. Ex-date: 22nd May 2024 Payment date: 12th July 2024 Dividend yield will be 0.07%, which is about the same as the industry average. Payout Ratios Payout ratio: 8%. Cash payout ratio: 19%. Price Target Changed • Apr 30
Price target increased by 12% to ₹4,288 Up from ₹3,822, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of ₹4,409. Stock is up 214% over the past year. The company is forecast to post earnings per share of ₹41.13 for next year compared to ₹41.82 last year. Reported Earnings • Apr 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₹41.82 (up from ₹12.51 in FY 2023). Revenue: ₹126.6b (up 54% from FY 2023). Net income: ₹14.9b (up 234% from FY 2023). Profit margin: 12% (up from 5.4% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 51%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 78% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 20
Trent Limited to Report Q4, 2024 Results on Apr 29, 2024 Trent Limited announced that they will report Q4, 2024 results on Apr 29, 2024 Major Estimate Revision • Feb 14
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₹122.9b to ₹124.2b. EPS estimate increased from ₹23.54 to ₹27.16 per share. Net income forecast to grow 43% next year vs 43% growth forecast for Specialty Retail industry in India. Consensus price target up from ₹2,770 to ₹3,746. Share price rose 6.7% to ₹3,850 over the past week. Reported Earnings • Feb 08
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹10.53 (up from ₹4.70 in 3Q 2023). Revenue: ₹34.7b (up 51% from 3Q 2023). Net income: ₹3.74b (up 124% from 3Q 2023). Profit margin: 11% (up from 7.3% in 3Q 2023). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 07
Price target increased by 8.6% to ₹2,964 Up from ₹2,730, the current price target is an average from 17 analysts. New target price is 18% below last closing price of ₹3,609. Stock is up 192% over the past year. The company is forecast to post earnings per share of ₹23.54 for next year compared to ₹12.51 last year. Duyuru • Jan 23
Trent Limited to Report Nine Months, 2024 Results on Feb 07, 2024 Trent Limited announced that they will report nine months, 2024 results on Feb 07, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: ₹6.60 (up from ₹2.62 in 2Q 2023). Revenue: ₹29.8b (up 53% from 2Q 2023). Net income: ₹2.35b (up 152% from 2Q 2023). Profit margin: 7.9% (up from 4.8% in 2Q 2023). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 65%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 08
Price target increased by 7.1% to ₹2,105 Up from ₹1,965, the current price target is an average from 19 analysts. New target price is 14% below last closing price of ₹2,453. Stock is up 63% over the past year. The company is forecast to post earnings per share of ₹19.66 for next year compared to ₹12.51 last year. Duyuru • Oct 18
Trent Limited to Report Q2, 2024 Results on Nov 07, 2023 Trent Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Price Target Changed • Aug 11
Price target increased by 10% to ₹1,833 Up from ₹1,665, the current price target is an average from 19 analysts. New target price is approximately in line with last closing price of ₹1,885. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₹18.32 for next year compared to ₹12.51 last year. Reported Earnings • Aug 10
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: ₹4.88 (up from ₹3.67 in 1Q 2023). Revenue: ₹26.8b (up 49% from 1Q 2023). Net income: ₹1.73b (up 33% from 1Q 2023). Profit margin: 6.5% (down from 7.2% in 1Q 2023). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 25
Trent Limited to Report Q1, 2024 Results on Aug 09, 2023 Trent Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Upcoming Dividend • May 18
Upcoming dividend of ₹2.20 per share at 0.1% yield Eligible shareholders must have bought the stock before 25 May 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.6%). In line with average of industry peers (0.2%). Duyuru • May 12
Trent Limited, Annual General Meeting, Jun 12, 2023 Trent Limited, Annual General Meeting, Jun 12, 2023, at 02:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2023, together with the Reports of the Board of Directors and the Auditor thereon; to receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2023, together with the Report of the Auditor thereon; to declare dividend on Equity Shares for the financial year ended 31st March 2023; to appoint a director in place of Mr. Bhaskar Bhat who retires by rotation, and being eligible, offers himself for re-appointment. Reported Earnings • Apr 28
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹12.51 (up from ₹2.98 in FY 2022). Revenue: ₹85.0b (up 89% from FY 2022). Net income: ₹4.45b (up 320% from FY 2022). Profit margin: 5.2% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: ₹4.70 (vs ₹3.93 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.70 (up from ₹3.93 in 3Q 2022). Revenue: ₹23.7b (up 58% from 3Q 2022). Net income: ₹1.67b (up 20% from 3Q 2022). Profit margin: 7.1% (down from 9.3% in 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 24
Trent Limited to Report Q3, 2023 Results on Feb 08, 2023 Trent Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Major Estimate Revision • Nov 17
Consensus revenue estimates increase by 10% The consensus outlook for revenues in 2023 has improved. 2023 revenue forecast increased from ₹71.2b to ₹78.5b. EPS estimate increased from ₹11.76 to ₹12.57 per share. Net income forecast to grow 44% next year vs 44% growth forecast for Specialty Retail industry in India. Consensus price target up from ₹1,416 to ₹1,538. Share price fell 4.9% to ₹1,397 over the past week. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Johannes C. Holtzhausen was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ₹2.62 (up from ₹2.60 in 2Q 2022). Revenue: ₹19.5b (up 66% from 2Q 2022). Net income: ₹930.2m (flat on 2Q 2022). Profit margin: 4.8% (down from 7.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 03
Trent Limited to Report Q2, 2023 Results on Nov 10, 2022 Trent Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Recent Insider Transactions • Sep 21
Non-Independent Non Executive Chairman recently bought ₹810k worth of stock On the 16th of September, Noel Tata bought around 560 shares on-market at roughly ₹1,447 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Noel has been a buyer over the last 12 months, purchasing a net total of ₹6.5m worth in shares. Recent Insider Transactions • Aug 25
Insider recently bought ₹368k worth of stock On the 22nd of August, R. Bryan bought around 267 shares on-market at roughly ₹1,380 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹18m more in shares than they have sold in the last 12 months. Major Estimate Revision • Aug 18
Consensus revenue estimates increase by 12% The consensus outlook for revenues in 2023 has improved. 2023 revenue forecast increased from ₹63.8b to ₹71.4b. EPS estimate increased from ₹9.56 to ₹11.40 per share. Net income forecast to grow 26% next year vs 16% growth forecast for Specialty Retail industry in India. Consensus price target up from ₹1,268 to ₹1,385. Share price rose 8.7% to ₹1,456 over the past week. Price Target Changed • Aug 15
Price target increased to ₹1,362 Up from ₹1,268, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹1,382. Stock is up 58% over the past year. The company is forecast to post earnings per share of ₹11.44 for next year compared to ₹2.98 last year. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹3.67 (vs ₹3.56 loss in 1Q 2022) First quarter 2023 results: EPS: ₹3.67 (up from ₹3.56 loss in 1Q 2022). Revenue: ₹18.5b (up 275% from 1Q 2022). Net income: ₹1.31b (up ₹2.57b from 1Q 2022). Profit margin: 7.1% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 16%, compared to a 18% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 28
Trent Limited to Report Q1, 2023 Results on Aug 11, 2022 Trent Limited announced that they will report Q1, 2023 results on Aug 11, 2022 Duyuru • Jun 01
Trent Limited Announces Cessation of Dharmendar Jain as Interim Chief Financial Officer Trent Limited announced that Mr. Dharmendar Jain, ceases to be the Interim Chief Financial Officer (Key Managerial Personnel) of the Company with effect from the close of business hours on 31st May 2022. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Johannes C. Holtzhausen was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 25
Insider recently bought ₹1.5m worth of stock On the 20th of May, R. Bryan bought around 1k shares on-market at roughly ₹1,062 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹21m more in shares than they have sold in the last 12 months. Upcoming Dividend • May 13
Upcoming dividend of ₹1.10 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 10 July 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (2.4%). Recent Insider Transactions • May 08
Non-Independent Non Executive Chairman recently bought ₹1.2m worth of stock On the 5th of May, Noel Tata bought around 975 shares on-market at roughly ₹1,228 per share. This was the largest purchase by an insider in the last 3 months. Noel has been a buyer over the last 12 months, purchasing a net total of ₹18m worth in shares. Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Johannes C. Holtzhausen was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₹2.98 (up from ₹4.11 loss in FY 2021). Revenue: ₹45.0b (up 74% from FY 2021). Net income: ₹1.06b (up ₹2.52b from FY 2021). Profit margin: 2.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 41%. Over the next year, revenue is forecast to grow 39%, compared to a 10% growth forecast for the retail industry in India. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Duyuru • Apr 09
Trent Limited to Report Fiscal Year 2022 Results on Apr 27, 2022 Trent Limited announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Feb 15
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 22 February 2022. Payment date: 12 March 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ₹3.93 (up from ₹2.08 in 3Q 2021). Revenue: ₹15.3b (up 79% from 3Q 2021). Net income: ₹1.40b (up 89% from 3Q 2021). Profit margin: 9.1% (up from 8.7% in 3Q 2021). Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 35%, compared to a 13% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Duyuru • Feb 11
Trent Limited Declares an Interim Dividend of INR 0.60 Per Equity Share At the Board Meeting Held on February 10, 2022 Trent Limited declared an interim dividend of INR 0.60 per equity share at the board meeting held on February 10, 2022. The interim dividend shall be paid on or after March 7, 2022 to the equity shareholders of the company, whose names appear on the Register of Members of the company or in the records of the Depositories as beneficial owners of the shares as on February 23, 2022 which is the Record Date fixed for the purpose. Major Estimate Revision • Feb 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₹40.8b to ₹45.7b. EPS estimate unchanged from ₹4.12 at last update. Multiline Retail industry in India expected to see average net income growth of 25% next year. Consensus price target of ₹1,125 unchanged from last update. Share price was steady at ₹1,070 over the past week. Recent Insider Transactions • Nov 17
Non-Independent Non Executive Chairman recently bought ₹502k worth of stock On the 12th of November, Noel Tata bought around 435 shares on-market at roughly ₹1,154 per share. In the last 3 months, they made an even bigger purchase worth ₹7.0m. Noel has been a buyer over the last 12 months, purchasing a net total of ₹15m worth in shares. Reported Earnings • Nov 06
Second quarter 2022 earnings released: EPS ₹2.60 (vs ₹2.01 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹11.8b (up 101% from 2Q 2021). Net income: ₹925.8m (up ₹1.64b from 2Q 2021). Profit margin: 7.9% (up from net loss in 2Q 2021). Price Target Changed • Nov 04
Price target increased to ₹1,079 Up from ₹987, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₹1,093. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₹4.00 next year compared to a net loss per share of ₹4.11 last year. Executive Departure • Oct 12
Chief Executive Officer Stephen Rayfield has left the company On the 6th of October, Stephen Rayfield was replaced as CEO by P. Venkatesalu. We don't have any record of a personal shareholding under Stephen's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 6.58 years. Price Target Changed • Oct 04
Price target increased to ₹978 Up from ₹905, the current price target is an average from 7 analysts. New target price is 6.5% below last closing price of ₹1,046. Stock is up 56% over the past year. Recent Insider Transactions • Sep 09
Non-Independent Non Executive Chairman recently bought ₹2.0m worth of stock On the 7th of September, Noel Tata bought around 2k shares on-market at roughly ₹1,009 per share. In the last 3 months, they made an even bigger purchase worth ₹4.0m. Noel has been a buyer over the last 12 months, purchasing a net total of ₹6.0m worth in shares. Recent Insider Transactions • Aug 19
Non-Independent Non Executive Chairman recently bought ₹4.0m worth of stock On the 13th of August, Noel Tata bought around 5k shares on-market at roughly ₹883 per share. This was the largest purchase by an insider in the last 3 months. This was Noel's only on-market trade for the last 12 months. Reported Earnings • Aug 11
First quarter 2022 earnings released: ₹3.56 loss per share (vs ₹4.99 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹4.92b (up 98% from 1Q 2021). Net loss: ₹1.27b (loss narrowed 29% from 1Q 2021). Price Target Changed • Jul 10
Price target increased to ₹828 Up from ₹767, the current price target is an average from 5 analysts. New target price is 8.5% below last closing price of ₹905. Stock is up 44% over the past year. Upcoming Dividend • Jul 02
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 09 July 2021. Payment date: 21 August 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (1.9%). Executive Departure • May 15
Independent Non-Executive Director has left the company On the 11th of May, Simon Susman's tenure as Independent Non-Executive Director ended after 10.0 years in the role. We don't have any record of a personal shareholding under Simon's name. A total of 2 executives have left over the last 12 months. Reported Earnings • May 02
Full year 2021 earnings released: ₹4.11 loss per share (vs ₹3.54 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹27.9b (down 23% from FY 2020). Net loss: ₹1.46b (down 219% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Duyuru • May 01
Trent Limited Recommends Dividend Trent Limited at its board meeting held on April 30, 2021, announced that the directors have recommended a 60% dividend that is INR 0.60 per equity share of INR 1 each, which shall be paid after the annual general meeting, subject to the approval of shareholders. Price Target Changed • Apr 24
Price target increased to ₹772 Up from ₹719, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₹771. Stock is up 59% over the past year. 
