Overview
- Consolidated revenue grew 15.9% year on year to Rs 4,817.68 crore and net profit reached Rs 373.42 crore, both below Street estimates of Rs 4,998 crore and Rs 446 crore.
- EBITDA increased about 26% to roughly Rs 813 crore, lifting the EBITDA margin to around 17.2% from about 15.4% a year ago.
- Management flagged muted consumer sentiment and GST transition effects that weighed on quarterly trading conditions.
- The store network expanded to 1,101 outlets across 251 cities as the company pushed deeper into tier-2 and tier-3 markets.
- The board approved tendering 94,900 shares in Inditex Trent Retail India’s buyback as part of reducing its Zara JV exposure, and the stock closed down 1.15% on the day.