Tata Trent’s shares gained 19% after the company’s net profit doubled during the quarter that ended December 31 2023, as compared to the corresponding quarter in the last fiscal year.

According to the Regulations of the Securities and Exchange Board of India, Tata Trent filed copies of unaudited financial statements with the Exchange for the third quarter of FY2023-24 and for nine months ended December 31 2023. The company’s Board approved the Financial Reports of Directors in the meeting held on February 7, 2024. 

The Revenue from operations increased by 50.5% from the last year to Rs 3,466.62 crore. EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) grew 95% from last year to Rs 629 crore. 

Trent’s portfolio includes 227 Westside, 460 Zudio and 28 other stores across lifestyle concepts as of December 31, 2023. During the quarter, the company also added five Westside and 50 Zudio stores across 36 cities, which included 13 new cities.

Tata Trent’s stock price closed at 3,626.30, 19.48% higher than its previous close of Rs 3,035 on the National Stock Exchange (NSE).