TRENT LTD. - 500251 - Long-Term Incentive Scheme 2024 Commencing From FY 2024-25
Based on the recommendation of the Nomination and Remuneration Committee, the Board approved a Long-Term Incentive Scheme 2024 commencing from FY 2024-25.29-04-2024
29-04-2024
TRENT LTD. - 500251 - Communication To Shareholders - Intimation About Tax Deduction At Source On Dividend
Pursuant to Finance Act, 2020, with effect from 1st April 2020, dividend income is taxable in the hands of shareholders. In view of the same, email communication has been sent to all shareholders having their email address registered with the Company / Depositories explaining the process on withholding tax from dividends at prescribed rates, as may be applicable, along with necessary annexures, copy of the same is enclosed herewith.29-04-2024
TRENT LTD. - 500251 - Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform that upon recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company at its meeting held today i.e., 29th April 2024, approved the re-appointment of Mr. Palaniswamy Venkatesalu designated as the Managing Director of the Company, for a period of five years with effect from 6th October 2024 to 5th October 2029, subject to approval of the shareholders at the forthcoming Annual General Meeting.29-04-2024
TRENT LTD. - 500251 - Disclosure Of Related Party Transactions For The Half Year Ended 31St March 2024
Pursuant to Regulation 23(9) of the SEBI (LODR) Regulations, 2015, please find enclosed the disclosure of related party transactions for the half year ended 31st March 2024.29-04-2024
TRENT LTD. - 500251 - Record Date For 72Nd Annual General Meeting Of The Company
The Seventy-Second AGM of the Company is scheduled to be held on Wednesday, 12th June 2024. The Company has fixed the Record Date as Wednesday, 22nd May 2024 for payment of dividend, subject to approval of shareholders at the AGM.29-04-2024
Q4FY24 Quarterly Result Announced for Trent Ltd.
Department stores company Trent announced Q4FY24 results: Standalone Financial Highlights: Revenue rose by 53% YoY in Q4FY24 to Rs 3,381 crore. PBT rose by 153% YoY in Q4FY24 to Rs 316 crore. The gross margin profile of Westside and Zudio continue to remain consistent with earlier trends. Overall, Operating EBIT margin for Q4FY24 was 8.2% (2.8% for Q4FY23). As of 31 st March 2024, our store portfolio included 232 Westside, 545 Zudio and 34 stores across other lifestyle concepts. During the quarter, we added 12 Westside and 86 Zudio stores across 65 cities including 25 new cities. In Q4FY24, our fashion concepts registered encouraging LFL growth of well over 10% vis-à-vis Q4FY23. The emerging categories including beauty & personal care, innerwear and footwear continued to gain traction with customers. These emerging categories now contribute to over 20% of our standalone revenues. Accordingly, during the current quarter the term of leases has been reassessed, resulting in an exceptional gain of Rs 543 crores, tax impact thereon is Rs 137 Crores (net of tax Rs 406 crores) and the same has been recognized as an exceptional item. The Right of Use Assets and Lease Liabilities stand reduced by Rs 2,720 crores and Rs 3,247 crores respectively. The EPS without this exceptional gain is Rs 28.95. Consolidated Financial Highlights: Revenue rose by 30% YoY in Q4FY24 to Rs 3,506 crore. PBT rose by 343% YoY in Q4FY24 to Rs 296 crore. The Star business, consisting of 66 stores, continued to witness improved customer traction with growing sales densities. This business registered operating revenue growth of 30% in Q4FY24 vis-à-vis the corresponding previous period. Speaking on the performance, Noel N Tata, Chairman, Trent Limited said, "In a competitive market, we continue to experience resonance and customer traction for our lifestyle offerings across brands, concepts, categories and channels. The growing of our offerings, resilience of our business model choices and the strength of our platform are reflected in our business results. We will continue to expand and deepen store presence with the aim of being ever closer and convenient to customers reinforcing our brand promise. We have applied Trent’s playbook to the Star business and are witnessing strong customer traction. This reinforces our conviction to build out this growth engine in the food, grocery, and general merchandising space. The success of own branded products also augurs well for the Star business. We are confident that this business is well poised to shift gears and deliver substantial value to customers and shareholders going forward. We remain excited about the huge consumer market opportunity that lies ahead. We are still in the initial laps of our journey to address this opportunity.” Result PDF29-04-2024
TRENT LTD. - 500251 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we enclose herewith a Press Release on the Audited Financial Results (Standalone and Consolidated) for the year ended 31st March 2024.29-04-2024
TRENT LTD. - 500251 - For Financial Year Ended 31St March 2024
Please find enclosed herewith copies of Audited (Standalone and Consolidated) Financial Results for the financial year ended 31st March 2024. The Board of Directors of the Company have recommended a dividend of 320% i.e., Rs.320/- per equity share of Re.1/- each subject to approval of the shareholders of the Company.29-04-2024
TRENT LTD. - 500251 - Board Meeting Outcome for For The Audited (Standalone And Consolidated) Financial Results For The Year Ended 31St March 2024 And Declaration Of Dividend
Audited Financial Results: Pursuant to Regulations 30, 33(3) and 52(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed copies of the Audited (Standalone and Consolidated) Financial Results for the financial year ended 31st March 2024, as approved by the Board of Directors of the Company at its meeting held today i.e., 29th April 2024 together with Audit Reports with unmodified opinion issued by Deloitte Haskins & Sells LLP, the Statutory Auditors of the Company. A declaration from the Company is also attached herewith. Dividend: The Board of Directors of the Company have recommended a Dividend of 320% i.e., Rs. 3.20/- per Equity Share of Re. 1/- each, subject to the approval of shareholders. The Dividend, if approved, shall be paid on or after the second day from the conclusion of the 72nd Annual General Meeting.29-04-2024