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Trent Ltd share price today (on 1 October 2023).
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BSE: 500251 | NSE: TRENT | ISIN: INE849A01012 Market Cap: [Rs.Cr.] 3,678 | Face Value: [Rs.] 10 Industry: Textiles - ProductsTrent Ltd is a retail operations company that owns and manages a number of retail chains in India. The company operates as Westside, one of India's largest and fastest growing chains of retail stores. They have already established 36 Westside departmental stores measuring 15,000 - 30,000 square feet each, in Mumbai, Bangalore, Hyderabad, Chennai, Pune, Delhi, Noida, Ghaziabad, Gurgaon, Kolkata, Nagpur, Indore, Jaipur, Lucknow, Ahmedabad, Baroda, Mysore, Surat and Ludhiana. The Westside stores have several departments to meet the varied shopping needs of customers. These include menswear, womenswear, kidswear, footwear, cosmetics, perfumes and handbags, household accessories, lingerie, and gifts. Well-designed interiors, sprawling space, prime locations and coffee shops enhance the customers' shopping experience.
The company holds 79% interest in Landmark Ltd, which is engaged in the business of retailing of books, toys, stationery and music. Landmark Ltd has 18 stores, which includes seven airport and hotel stores.
The company also operates Star Bazaar, a discount hypermarket format. Their other subsidiaries include Trent Brands Ltd, Fiora Services Ltd, Satnam Developers and Finance Pvt Ltd and Nahar Theatres Pvt Ltd. Trent Ltd was incorporated in the year 1952 as Lakme Ltd. In March 1998, the company acquired 100% equity shares of Trent Ltd (formerly known as Littlewoods International (India) Ltd) from Littlewoods International Ltd, UK for a consideration of Rs. 11.09 crore. Trent Ltd was amalgamated with the company with effect from July 1, 1998 and the name was changed from Lakme Ltd to Trent Ltd with effect from June 15, 1999. The company forayed into the retailing business post hive off of their cosmetics business to Hindustan Lever in 1997. In the year 1998, the company established Westside, a lifestyle retail chain. They started their operations at Hyderabad and Chennai on December 15, 1998 and March 5, 1999 respectively. In April 28, 1999, they opened a store at Hughes Road in Mumbai and in August 2000, they opened a store in Pune. In April 2001, the company opened a 12,000 sq ft Westside store in Karol Bagh, New Delhi and in June 2001, they opened the Kolkata store, admeasuring 18,000 sq ft.
During the year 2002-03, Fiora Services Ltd became a subsidiary of the company, which is engaged in the business of rendering sourcing activities, clearing & forwarding and other related services to the company. The company opened two new stores New Delhi and Nagpur during the year. During the year 2003-04, the company opened their stores at Mumbai, Ahmedabad, Noida, Mulund and Bangalore. During the year 2004-05, the company acquired 100% of the share capital of Satnam Developers and Finance Pvt Ltd, which is engaged in the business of construction and development of real estate. They opened two new Westside Stores at Indore and at Andheri, Mumbai. In October 2004, the company opened their first hyper-market in Ahmedabad under the name of Star India Bazaar, thus marking the entrance of the company in a new sector of retailing. During the year 2005-06, the company along with their subsidiaries acquired 79% interest in the partnership firm, Landmark Ltd, the largest book and music retailer in the country, which is poised for a rapid expansion for Rs. 108.5 crore.
Landmark Ltd has been converted into a public limited company and became a subsidiary of the company. Also, the company acquired 100% of the share capital of Nahar Theatres Pvt Ltd, the owner of premises from where the company operates their Westside store at Lajpat Nagar, New Delhi, at a cost of Rs.28.33 Crores. During the year, the company opened six new Westside stores located at Bangalore, Vadodara, Kolkata, Ghaziabad, Gurgaon and Delhi. They expanded their operations at Lajpat Nagar (Delhi), Noida and in Mumbai's Kala Goda. In May 2006, they opened a new Landmark store at Andheri in Mumbai. During the year 2006-07, the company opened four new Westside stores at Jaipur, Lucknow, Surat and Mysore. The also relocated their Pune store to larger premises and extended the Chennai store. The company received the prestigious NDTV Award of 'Retailer of the Year' and was also rated 'The Best Retailer' in the lifestyle category in a survey carried out by the Business World Magazine. In February 2007, Landmark Ltd along with their subsidiaries acquired 52.18% of East West Books (Madras) Pvt Ltd for a total consideration of Rs. 1.14 crore. During the year 2007-08, the company opened three Westside stores in Ahmedabad, Ludhiana and Delhi and two Star Bazaar stores in Mumbai and Bangalore. The subsidiaries of Landmark Ltd namely, Westland Books Pvt Ltd and Eastwest Books (Madras) Pvt Ltd merged together and formed Westland Ltd with effect from April 1, 2007.
In September 2007, the company made a strategic partnership with Benetton India Ltd for the commercial expansion of Sisley brand in India. They opened four Sisley stores during the year. The company transferred their Star Bazaar business, as a going concern, to their 100% subsidiary, Trent Hypermarket Ltd with effect from August 01, 2008. During the year 2008-09, the company opened eight Westside stores, two Sisley stores and one Fashion Yatra Store taking the total number of Westside stores to 36 and the total number of stores under various formats to 42. In February 2009, the company entered into a MoU with Inditex Group to develop and promote Zara stores in India. Inditex would hold 51% and Trent would hold 49% stake in the proposed joint venture company.
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