Tata Group retail firm Trent Ltd on Wednesday (March 19) said its subsidiary Booker India Limited (BIL) has entered into a share purchase agreement to acquire 100% equity in THPL Support Services Limited (TSSL) from Trent Hypermarket Private Limited (THPL).

“…we hereby inform that Booker India Limited, a subsidiary of the company has entered into a Share Purchase Agreement today i.e. 19th March 2025 with Trent Hypermarket Private Limited (THPL) and THPL Support Services Limited (TSSL) for the acquisition of 100% of the equity share capital of TSSL from THPL,” Trent said in a regulatory filing.

The acquisition, valued at ₹166.36 crore, aims to reorganise and consolidate related businesses within the group. TSSL, incorporated on June 9, 1992, operates in the warehousing and related services sector and reported a turnover of ₹42.35 crore as of March 31, 2024.

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The deal, categorised as a related-party transaction, has been conducted on an arm’s length basis, with no direct interest from the promoter group apart from their indirect shareholding. The acquisition is expected to be completed on or before March 31, 2025, strengthening Booker India’s logistics and supply chain operations.

Upbeat Q3

For the third quarter, revenue increased by nearly 35% to ₹4,656 crore. A CNBC-TV18 poll had expected revenue growth of 35% from last year to ₹4,680 crore. Trent’s net profit stood at ₹496.1 crore at the end of the December quarter, which was marginally lower than the CNBC-TV18 poll estimate of ₹519 crore. On a year-on-year (YoY) basis, Trent’s net profit grew by 34%.

Earnings before interest, tax, Ddepreciation and amortisation (EBITDA) growth for the quarter stood at 34% YoY. The ₹840-crore figure was in line with expectations of ₹842 crore, while the margin remained flat at 18.1%. The figure last year also stood at 18.1%.

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The CNBC-TV18 poll had expected a 200 basis points contraction in margins to 17.9%. The company’s like-for-like growth in the fashion business was in single digits, compared to double-digit growth in the previous quarter as well as during the same quarter last year.

Shares of Trent Ltd ended at ₹5,227.90, down by ₹34.35, or 0.65%, on the BSE.