TRENT LTD
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BSE Code:
500251
NSE Code:
TRENT
Business Profile
Business Profile
Trent, part of the Tata group, has a chain or retail stores in India. It was incorporated on Dec. 5, 1952.
The company operates the Westside stores which offer men`s wear, women`s wear, kids` wear, footwear, perfumes, cosmetics, handbags, household accessories, lingerie, and gifts. The company has 27 Westside departmental stores in metros and first class cities of India including Mumbai and Delhi. The hypermarket business under Star Bazaar with a 50,000 sq. ft. store in Ahmedabad offers staple foods, beverages, health and beauty products, vegetables, fruits, dairy products, consumer electronics, garments, and household items at affordable prices.
Trent acquired a 76% stake in Landmark, one of the largest books and music retail chains in the country. With its 10 stores, Landmark offers a range of books, stationery, greeting cards, music, curios, toys and other gift items. The other subsidiaries of the company include Trent Brands, Flora Services, (sourcing activities, warehousing clearing and forwarding), Satnam Developers and Finance (real estate constructor and developer), Nahar Theatres and Fiora Link Road Properties.
Under an agreement with the company, the Xander group, a global private equity firm, through one or more of its fund vehicles will invest in the development of an institutional retail real estate portfolio in India in partnership with high quality Indian developers. This would accelerate the company`s growth plans in the retail sector. The company has a strategic partnership with the Benetton group to open and manage a number of Sisley brand stores in India with the first shop expected to come up by the end of 2007.
The registered office of the company is located at Bombay House, 24, Homi Mody Street, Mumbai-400001.
Financials
The company reported a steep drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 42.45% to Rs 58.74 million from Rs 102.06 million in the same quarter last year. Net sales for the quarter declined 14.69% to Rs 1,229.90 million, while total income for the quarter dipped 14.64% to Rs 1,303.08 million, when compared with the prior year period. It posted earnings of Rs 3.01 a share during the quarter, registering 42.56% decline over previous year period.
Recent Developments
05-FEB-09
The company has inked a 49:51 joint venture (JV) agreement with Spain based Inditex Group to develop and promote Zara stores in India.
12-AUG-08
The company has entered into an association with Tesco, United Kingdom`s leading retailer, for the company`s Star Bazaar hyper market business which is carried on by Trent Hypermarket (THL), a wholly owned subsidiary of the company.
Future Plans
Trent has planned to spend Rs 2,500 million in three years starting with Rs 650 million in 2007-2008 for spreading the Trent stores area to 1.15 million sq. ft. from the current 400,000 sq. ft. and will add 10 more Westside stores this year taking the total number to 37 throughout the country.