Trent shares rose 7.31 per cent to hit a high of Rs 4,669.95 on BSE. Antique Stock Broking said Trent's Q4 sales, Ebitda and profit after tax beat its expectations by 5 per cent, 22 per cent and 45 per cent, respectively.
Fashion and lifestyle player Trent reported a 124% year-on-year (YoY) surge in consolidated net profit at Rs 374.36 crore for the quarter ended December 30. The profit stood at Rs 167 crore in the corresponding quarter last fiscal.
The stock climbed 15 per cent to hit a high of Rs 3,489.65 on BSE. The retailer reported a 124 per cent YoY rise in net profit for the December quarter at Rs 374.36 crore compared with Rs 167 crore in the same quarter last year.
Shares of Trent surged about 150 per cent from its 52-week low at Rs 1155.10 hit on January 27, 2023. The stock has rallied 110 per cent in the year 2023 so far.