Trent Q3 results 2024 date: Tata group retailer and hypermarket operator Trent is scheduled to announce its financial results for the October-December period (Q3 FY24) on Wednesday, February 7. Analysts expect the company to stage a strong quarterly performance on the back of robust store expansion and higher footfalls.

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According to Zee Business research, Mumbai-headquartered Trent is estimated to report an 83 per cent year-on-year jump in standalone net profit to Rs 294 crore for the fiscal third quarter. The analysts peg Trent’s quarterly revenue to jump 52 per cent to Rs 3,310 crore, with income from Westside and Zudio estimated to grow 25 per cent and 100 per cent, respectively, amid rising footfalls and strong same store sales growth (SSSG).

Zee Business analysts peg Trent's earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter ended December to increase 66 per cent on a year-on-year basis to Rs 558 crore. They expect the company’s quarterly margin, a key measure of profitability, to improve by 140 basis points to 16.9 per cent.

Investors will closely track the Tata group retail chain operator’s commentary on areas such as store expansion.

How Trent fared in July-September (Q2 FY24)

For the fiscal second quarter, Trent reported a 55.9 per cent year-on-year increase in standalone net profit to Rs 289.7 crore with 59.4 per cent growth in revenue to Rs 2,890.7 crore. Read more on Trent Q2 earnings 

Trent shares: Past performance

The Trent stock has rewarded investors with a return of nearly 150 per cent in the past year, sharply outperforming a 23 per cent rally in the headline Nifty50 index.