Trent Ltd

Trent will hold a meeting of the Board of Directors of the Company on 29 April 2025.Powered by Capital Market - Live

Cartrade Tech Ltd, Sunflag Iron & Steel Company Ltd, Embassy Developments Ltd and Edelweiss Financial Services Ltd are among the other losers in the BSE's 'A' group today, 07 April 2025.Trent Ltd lost 15.27% to Rs 4711.8 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.89 lakh shares were traded on the counter so far as against the average daily volumes of 35740 shares in the past one month.Cartrade Tech Ltd tumbled 12.33% to Rs 1463.05. The stock was the second biggest loser in 'A' group.On the BSE, 16665 shares were traded on the counter so far as against the average daily volumes of 23825 shares in the past one month.Sunflag Iron & Steel Company Ltd crashed 11.59% to Rs 217.3. The stock was the third biggest loser in 'A' group.On the BSE, 38039 shares were traded on the counter so far as against the average daily volumes of 21756 shares in the past one month.Embassy Developments Ltd pared 11.57% to Rs 97.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.28 lakh shares were traded on the counter so far as against the average daily volumes of 4.19 lakh shares in the past one month.Edelweiss Financial Services Ltd dropped 11.29% to Rs 77.8. The stock was the fifth biggest loser in 'A' group.On the BSE, 4.13 lakh shares were traded on the counter so far as against the average daily volumes of 1.87 lakh shares in the past one month.Powered by Capital Market - Live

The key equity indices continued to witness selling pressure in mid-afternoon trade, mirroring a global market rout driven by escalating trade tensions and mounting recession fears in the United States. The Nifty hovered below the 21,900 level. All the sectoral indices on the NSE were traded in red, with metal, realty and and media shares leading the fall. At 13:25 IST, the barometer index, the S&P BSE Sensex, slumped 3,193.90 points or 4.24% to 72,181.59. The Nifty 50 index tanked 1,025.05 points or 4.48% to 21,879.40. In the broader market, the S&P BSE Mid-Cap index dropped 4.54% and the S&P BSE Small-Cap index tumbled 5.73%. Sellers outnumbered buyers. On the BSE, 354 shares rose and 3,629 shares fell. A total of 148 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 64.53% to 22.61. Economy: India's foreign exchange (forex) reserves jumped $6.596 billion to $665.396 billion during the week ended March 28, according to the latest data from the RBI. For the week ended March 28, foreign currency assets, a major component of the reserves, increased by $6.158 billion to $565.014 billion, the RBI data released on Friday showed. Gold reserves increased by $519 million to $77.793 billion during the week ended March 28. The special drawing rights (SDRs) were down by $65 million to $18.176 billion, the RBI said. India's reserve position with the IMF was also down by $16 million at $4.413 billion in the reporting week, the apex bank data showed. Gainers & Losers: Trent (down 15.42%), JSW Steel (down 9.37%), Tata Steel (down 9.35%), Shirram Finance (down 8.72%) and Tata Motors (down 7.86%) were the major Nifty50 losers. Tata Motors plunged 7.86% after the media reported that Jaguar Land Rover (JLR), its UK-based subsidiary, will temporarily suspend vehicle exports to the U.S. starting April 7. Meanwhile, the company said that Jaguar Land Rover's wholesales for Q4 FY25 were 111,413 units, up 1.1% as compared with Q4 FY24. Trent tumbled 15.42%. The Tata Group-backed brand posted Q4FY25 revenue of Rs 4,334 crore, up 28% year-on-year (YoY). This growth is lower than its five-year compound annual growth rate (CAGR) of 36%. It is also behind Trent's 39% annual revenue growth in FY25 at Rs 17,624 crore. Meanwhile, a foreign brokerage cut its target price for Trent from Rs 7,500 to Rs 6,760, citing slower sales growth and a sharper-than-usual seasonal decline. Stocks in Spotlight: Kalyan Jewellers India declined 3.86%. The company said that it has recorded a consolidated revenue growth of approximately 37% in the recently concluded quarter as compared to the same period in the previous financial year, despite extreme volatility in gold prices. Federal Bank fell 3.39% after the bank's executive director (ED) Shalini Warrier, submitted her resignation on Friday to pursue an entrepreneurial opportunity. Utkarsh Small Finance Bank slipped 4.29%. The company has reported a 7.47% rise in gross loan portfolio to Rs 19,666 crore as on 31 March 2025, compared with Rs 18,299 crore as on 31 March 2024. FSN E-Commerce Ventures (Nykaa) dropped 2.77%. The company said that it witnessed a continued growth momentum in Q4 FY2025 with consolidated net revenue growth expected to be in low to mid twenties YoY. Jubilant FoodWorks fell 4.24%. The company's consolidated revenue from operations was at Rs 2,107 crore in Q4 FY25, jumped 33.9% year-on-year. The firm added that Domino's India like-for-like ('LFL') growth came in at 12.1%, while Domino's Turkey LFL growth (post-IAS-29) came in at 0.9%. Macrotech Developers declined 5.75%. The company said that it has achieved pre-sales of Rs 4,810 crore in Q4 FY25, which is higher by 14% as compared with the pre-sales of Rs 4,230 crore posted in Q4 FY24. Global Markets: Dow Jones futures cratered by a jaw-dropping 1,606 points, setting the tone for what could be a turbulent day on the trading floor. European market declined sharply, deepening a global market rout that kicked off last week following the latest announcements of U.S. President Donald Trump's tariffs regime. Most Asian market also registered significant losses following China's retaliatory tariffs in response to recent U.S. trade measures, deepening concerns about a prolonged trade conflict between the world's two largest economies. Last week, President Donald Trump announced a 10% universal import tariff effective April 5. Additional tariffs targeting key trade partners, including China, Vietnam, Japan, and the European Union, are scheduled to take effect on April 9. In retaliation, China imposed a 34% tariff on a range of American goods, marking a sharp escalation in trade tensions. The European Union, meanwhile, is seeking alignment among its member states to craft a coordinated response, potentially involving further countermeasures. The escalating trade conflict has raised fears of a global trade war, with potential ramifications for international supply chains, inflation, and economic growth. In Japan, the Nikkei 225 index fell as much as 9% on Monday, reaching its lowest level since early November 2023. Japan's export-driven economy, particularly in sectors such as automotive, technology, and manufacturing, is considered especially vulnerable to rising U.S. tariffs. On Friday, U.S. markets had already reacted negatively to the trade developments. The Dow Jones Industrial Average declined 5.50%, marking its steepest drop in over three years. The S&P 500 fell 5.97%, and the Nasdaq Composite dropped 5.82%, with all three indices closing at six-month lows. Despite mounting concerns, Treasury Secretary Scott Bessent downplayed fears of an imminent recession in a media interview. Federal Reserve Chairman Jerome Powell also emphasized that there is no immediate need for a change in interest rates. He noted that the administration's trade policies could simultaneously push inflation higher while slowing economic growth. Meanwhile, March's nonfarm payrolls data provided a positive signal, coming in at 228,000 jobs added ' a notable increase from February's revised figure of 117,000.Powered by Capital Market - Live

The Tata Group-backed brand posted Q4FY25 revenue of Rs 4,334 crore, up 28% year-on-year (YoY). This growth is lower than its five-year compound annual growth rate (CAGR) of 36%. It is also behind Trent's 39% annual revenue growth in FY25 at Rs 17,624 crore. Market sentiment and high valuations also dragged the stock lower. During the March quarter, Trent added 132 Zudio stores and 13 Westside outlets. As of 31 March 2025, the company operated 248 Westside stores, 765 Zudio stores (including 2 in the UAE), and 30 outlets under other lifestyle formats. Meanwhile, a foreign brokerage cut its target price for Trent from Rs 7,500 to Rs 6,760, citing slower sales growth and a sharper-than-usual seasonal decline. It also raised concerns about demand softness and the possibility of aggressive discounting. Another brokerage echoed similar views, flagging a continued slowdown in like-for-like sales growth. Trent, a subsidiary of the Tata Group, operates several retail brands, with Westside leading as one of India's premier fashion chains. The company's other major retail ventures include Zudio, a value fashion brand catering to price-conscious consumers, Trent Hypermarket under the Star banner, which focuses on grocery and daily essentials, and Samoh, a high-end occasion wear brand. On a consolidated basis, Trent has reported 34% rise in net profit to Rs 496.54 crore on a 34.33% increase in revenue from operations to Rs 4,656.56 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

The Westside and Zudio brands have to date served over 100 million customers across 230 cities. Trent, a subsidiary of the Tata Group, operates several retail brands, with Westside leading as one of India's premier fashion chains. The company's other major retail ventures include Zudio, a value fashion brand catering to price-conscious consumers, Trent Hypermarket under the Star banner, which focuses on grocery and daily essentials, and Samoh, a high-end occasion wear brand. On a consolidated basis, Trent has reported 34% rise in net profit to Rs 496.54 crore on a 34.33% increase in revenue from operations to Rs 4,656.56 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

Trent has inaugurated its newest and 245th Westside store in Uttar Pradesh with an aim to inspire fashion enthusiasts. Located at Westside, Brij Mohan Tower, 11/C.P 3. A, Vikas Nagar, Ring Road, Lucknow - 226022, this store is spread across 25,788 sq ft.Powered by Capital Market - Live

The key benchmark indices traded with moderate losses in mid-afternoon trade as the markets experienced volatility. The Nifty traded below the 23,550 level after hitting the day's high of 23,736.50 in early trade. Shares of private banks declined after experiencing buying demand for seven consecutive trading sessions. At 14:25 IST, the barometer index, the S&P BSE Sensex dropped 543.70 points or 0.70% to 77,475.22. The Nifty 50 index lost 130.25 points or 0.55% to 23,538.40. In the broader market, the S&P BSE Mid-Cap index shed 0.35% and the S&P BSE Small-Cap index declined 1.15%. The market breadth was weak. On the BSE, 1,040 shares rose and 2,929 shares fell. A total of 128 shares were unchanged. Buzzing Index: The Nifty Private Bank declined 1.02% to 25,597.40. The index rallied 7.95% in the past seven trading sessions. Axis Bank (down 2.15%), Kotak Mahindra Bank (down 1.56%), Federal Bank (down 1.02%), HDFC Bank (down 0.79%), ICICI Bank (down 0.45%) and IDFC First Bank (down 0.44%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.18% to 6.711 as compared with the previous close of 6.740. In the foreign exchange market, the rupee was flat against the dollar at 85.7250. MCX Gold futures for the 4 April 2025 settlement rose 0.11% to Rs 87,664. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.05% to 104.26. The United States 10-year bond yield advanced 0.32% to 4.322. In the commodities market, Brent crude for May 2025 settlement advanced 31 cents or 0.42% to $73.33 a barrel. Stocks in Spotlight: Trent surged 3.03% after the company announced the expansion of its Westside retail chain with new store openings in Jodhpur, Jaipur, and Chennai. Bajaj Steel Industries declined 2.36%. The company said that it has received an export order worth about Rs 43 crore ($5.03 million) from an international client.Powered by Capital Market - Live

With these additions, Westside's total store count has reached 244, reinforcing its strong presence in India's fashion retail market. Westside, a key player in Trent's portfolio and part of the Tata Group, has inaugurated its latest outlets across three major cities. The newly opened Chennai store, located at Vikas Platina in Chengalpet District, spans 26,000 sq. ft., offering a comprehensive range of apparel, accessories, cosmetics, footwear, and home d'cor. The Jaipur store, situated in Pratap Nagar, covers 25,602 sq. ft., while the Jodhpur outlet at Sardarpura VCL Constellation is the largest of the three, with a total area of 31,641 sq. ft. Each of these locations is designed to enhance the shopping experience by providing a one-stop destination for customers seeking stylish and affordable fashion. Trent, a subsidiary of the Tata Group, operates several retail brands, with Westside leading as one of India's premier fashion chains. The company's other major retail ventures include Zudio, a value fashion brand catering to price-conscious consumers, Trent Hypermarket under the Star banner, which focuses on grocery and daily essentials, and Samoh, a high-end occasion wear brand. On a consolidated basis, Trent has reported 34% rise in net profit to Rs 496.54 crore on a 34.33% increase in revenue from operations to Rs 4,656.56 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

Trent announced the inauguration of its newest Westside store in Jaipur. Located at Westside, 68/5, Pratap Nagar, Jaipur, Rajasthan-302033, this store is spread across 25602 sq ft. With this, the total number of Westside stores increases to 243 stores. Powered by Capital Market - Live

The key equity indices traded sideways in afternoon trade. The Nifty traded above the 22,450 mark. IT, private bank and bank shares declined while realty, financial services and oil & gas stocks advanced. At 13:25 IST, the barometer index, the S&P BSE Sensex declined 51.06 points, or 0.07%, to 74,064.11. The Nifty 50 index added 5.85 points, or 0.03%, to 22,466.15. In the broader market, the S&P BSE Mid-Cap index fell 0.02% and the S&P BSE Small-Cap index declined 1.09%. The market breadth was weak. On the BSE, 1,167 shares rose and 2,663 shares fell. A total of 133 shares were unchanged. Gainers & Losers: Trent (up 3.36%), Sun Pharma (up 2.69%), ICICI Bank (up 2.34%), Bharti Airtel (up 1.86%) and Bharat Petroleum Corporation (BPCL) (up 1.59%) were the major Nifty50 gainers. IndusInd Bank (down 26.01%), Infosys (down 2.87%), Bajaj Finserv (down 2.47%), Wipro (down 1.99%) and Power Grid Corporation of India (down 1.90%) were the major Nifty50 losers. IndusInd Bank slumped 26.01% after the bank reported discrepancies in account balances within its derivative portfolio following an internal review. The bank estimates a potential adverse impact of approximately 2.35% of its net worth as of December 2024. The discrepancies were identified during a review of Other Asset and Other Liability accounts related to the derivative portfolio, prompted by the implementation of the RBI's new Master Direction on investment portfolios. According to the media reports, this could lead to an adverse impact on its net worth by about Rs 1600 crore, and the bank plans to absorb this loss in its fourth-quarter earnings or the first quarter of the next fiscal year. Stocks in Spotlight: Bharat Electronics (BEL) rose 0.92%. The company announced that it has received additional orders worth Rs 843 crore since the last disclosure on 6 March, 2025. Anupam Rasayan India shed 0.56%. The company has signed a 10-year letter of intent (LoI) with a leading Korean multinational in specialty chemicals, for the supply of a high-performance niche chemical, expected to begin in FY26. Indoco Remedies declined 4.04% after its Clinical Research Organization, AnaCipher, located in Hyderabad, received one Form 483 from the United States Food and Drug Administration (US FDA) at the end of an inspection. Centum Electronics jumped 3.89% after the company informed that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 1,219.65 per equity share. Allcargo Gati slipped 3.82% after the company's total volume, including surface and air express, stood at 95 kilotons (kt) in February 2025, down 5% from 100 kt in February 2024. Nectar Lifesciences was locked in 5% lower circuit after the company said that its Punjab-based API manufacturing facility had received seven observations, following an EU regulatory inspection. Global Markets: Most European shares advanced as traders will be focusing on earnings from Persimmon, Lego and Leonardo are also set to be released Tuesday. Most Asian stocks declined on Tuesday, mirroring Wall Street losses as fears grew that tariffs and political upheaval could derail growth in the world's largest economy. Investor concerns deepened over a potential slowdown in US economic expansion after President Donald Trump escalated trade tensions and continued to cut spending while unsettling long-standing geopolitical alliances. In Japan, fresh government data showed the economy grew at an annualized rate of 2.2% in Q4, down from an earlier estimate of 2.8%. However, the reading remained well above the previous quarter's 1.2% expansion. Quarter-on-quarter, GDP growth was revised slightly lower to 0.6% from 0.7%, still ahead of the prior 0.3% pace. On Wall Street, US stocks nosedived Monday, with the S&P 500 dropping 2.7%, the Dow Jones Industrial Average losing 2%, and the NASDAQ Composite plunging 4%'largely driven by steep declines in major tech stocks. Tesla Inc. led the selloff with a 15% plunge, while NVIDIA Corporation fell 5.1%. Broadcom Inc. shed 5.4%, and Arm Holdings declined 7.3%. Bond markets reacted sharply, with 10-year Treasury yields slipping as investors bet that an economic slowdown could push the Federal ReservePowered by Capital Market - Live