Latest news with #NoelNTata
Economic Times
4 days ago
- Automotive
- Economic Times
Tata Sons shareholders approve appointment of Noel N Tata as director, all resolutions passed unanimously at AGM
Tata Sons' shareholders unanimously approved all six resolutions at their annual general meeting, including the appointment of Noel N Tata as a director following Ratan Tata's passing. The Shapoorji Pallonji Group supported all resolutions, which also included the reappointment of Venu Srinivasan and Anita Marangoly George as directors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shareholders of Tata Sons, the principal holding firm of the Tata group , have unanimously approved all six resolutions, including the appointment of Noel N Tata as director of the company, at its annual general meeting held on Thursday, according to AGM, which was conducted virtually, was held on a very positive note and all the resolutions under ordinary and special business heads were approved unanimously, said a person in the know of the the special business was the appointment of Noel N Tata, the Chairman of Tata Trusts, as a director of the company. He was appointed by the board of directors as an Additional Director with effect from October 22, 2024, after the death of Ratan Tata "His appointment and all six other resolutions were passed unanimously. The Shapoorji Pallonji Group also supported all the resolutions. These are good times for the (Tata) group," said a Trusts hold 66 per cent of Tata Sons' equity while the Shapoorji Pallonji Group holds 18.4 per cent stake in the other resolutions in the AGM include reappointment of Venu Srinivasan, Chairman Emeritus of TVS Motor Company , as a Director of Tata Sons and declare dividend on preference shares and ordinary shares of the company for the financial year per Tata Sons annual report for 2024-25, the directors had recommended a dividend of Rs 64,900 per share on 4,04,146 ordinary shares as compared to Rs 35,000 in previous fiscal. The directors had also recommended a dividend on cumulative redeemable preference shares amounting to Rs 13 lakh for 2024-25. It was Rs 19.78 crore in the previous other special business approved in the AGM was the appointment of Anita Marangoly George as a director. The board of directors had appointed George as an Additional Director with effect from July 12, re-appointment of Saurabh Agrawal as a director, along with the standalone and consolidated financial statements, was also approved unanimously by the shareholders of Tata Sons, the sources said.
Time of India
4 days ago
- Business
- Time of India
Tata Sons shareholders approve appointment of Noel N Tata as director, all resolutions passed unanimously at AGM
Shareholders of Tata Sons, the principal holding firm of the Tata group , have unanimously approved all six resolutions, including the appointment of Noel N Tata as director of the company, at its annual general meeting held on Thursday, according to sources. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker The AGM, which was conducted virtually, was held on a very positive note and all the resolutions under ordinary and special business heads were approved unanimously, said a person in the know of the development. Among the special business was the appointment of Noel N Tata, the Chairman of Tata Trusts, as a director of the company. He was appointed by the board of directors as an Additional Director with effect from October 22, 2024, after the death of Ratan Tata . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like "His appointment and all six other resolutions were passed unanimously. The Shapoorji Pallonji Group also supported all the resolutions. These are good times for the (Tata) group," said a source. Tata Trusts hold 66 per cent of Tata Sons' equity while the Shapoorji Pallonji Group holds 18.4 per cent stake in the company. Live Events The other resolutions in the AGM include reappointment of Venu Srinivasan, Chairman Emeritus of TVS Motor Company , as a Director of Tata Sons and declare dividend on preference shares and ordinary shares of the company for the financial year 2024-25. As per Tata Sons annual report for 2024-25, the directors had recommended a dividend of Rs 64,900 per share on 4,04,146 ordinary shares as compared to Rs 35,000 in previous fiscal. The directors had also recommended a dividend on cumulative redeemable preference shares amounting to Rs 13 lakh for 2024-25. It was Rs 19.78 crore in the previous fiscal. The other special business approved in the AGM was the appointment of Anita Marangoly George as a director. The board of directors had appointed George as an Additional Director with effect from July 12, 2025. The re-appointment of Saurabh Agrawal as a director, along with the standalone and consolidated financial statements, was also approved unanimously by the shareholders of Tata Sons, the sources said.
Economic Times
07-08-2025
- Business
- Economic Times
Trent shares in focus after Q1 profit rises 9% YoY. Should you buy, sell or hold?
Shares of lifestyle retailer Trent will be in focus on Thursday after the company reported a 9% year-on-year (YoY) increase in consolidated net profit to Rs 425 crore for Q1FY26, compared to Rs 391 crore in the same quarter last year. ADVERTISEMENT Revenue rose 19% YoY to Rs 4,883 crore from Rs 4,104 crore. On a sequential basis, profit after tax (PAT) was up 36% from Rs 312 crore in Q4FY25, while revenue increased 16% from Rs 4,217 crore. Profit before tax (PBT) for the quarter came in at Rs 565 crore, up 13% YoY. Trent clarified that its consolidated revenues do not include those from the Trent Hypermarket business due to accounting standards, though its share of profitability from the venture is accounted for under the equity a standalone basis, PAT rose 23% YoY to Rs 423 crore, while revenue grew 20% to Rs 4,781 crore from Rs 3,992 company said revenue growth remained healthy across markets despite the early onset of monsoon and geopolitical disruptions. Like-for-like growth in the fashion portfolio was in low single digits for Q1FY26, with revenue contributions across concepts aligning with strategic expectations. ADVERTISEMENT Commenting on the performance, Chairman Noel N Tata said, 'We remain focused on evolving our differentiated consumer proposition that appeals to a wider audience across diverse markets. Notwithstanding continuing competitive intensity and interim trends, we believe an unwavering focus on being relevant to our customers and building resilience with our business model choices will, over time, enable us to deliver significant value.' ADVERTISEMENT Avendus has downgraded Trent to a 'Reduce' rating and cut the target price to Rs 5,000 from Rs 5, expects FY26 to be a consolidation phase, with growth likely to moderate but remain healthy. The brokerage cited muted macroeconomic conditions that may cap Trent's market capitalisation near Rs 2 lakh crore. Revenue estimates have been reduced by 4% for FY26 and 6% for FY27, though EBITDA margins are expected to remain stable at 17–18%. With the stock trading at 65x PE, Avendus sees the risk-reward as unattractive. ADVERTISEMENT Motilal Oswal Financial Services (MOSL) has retained a 'Buy' rating on Trent, revising the target price to Rs 6,400 from Rs 6, brokerage highlighted margin expansion as a positive surprise despite slower growth. While EBITDA estimates for FY26–27 remain unchanged, PAT estimates have been trimmed by 1–5% due to higher depreciation. MOSL projects a compound annual growth rate (CAGR) of 20% for revenue, 18% for EBITDA, and 16% for PAT over FY25–28. It sees acceleration in revenue growth as a key trigger for the stock. ADVERTISEMENT Antique has maintained a 'Buy' rating on Trent and raised the target price to Rs 7,301 from Rs 6, brokerage noted that profitability exceeded estimates during the quarter, even as fashion concepts recorded low single-digit like-for-like (LFL) growth. Despite a weak demand environment, Trent continues to be an outperformer. Antique expects operating expense rationalisation to further support profitability and has raised its EBITDA estimates for FY26 and FY27 by 3% each. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
07-08-2025
- Business
- Time of India
Trent shares in focus after Q1 profit rises 9% YoY. Should you buy, sell or hold?
Live Events Should you buy, sell, or hold Trent's stock? Here's what brokerages say: Avendus Motilal Oswal Antique (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of lifestyle retailer Trent will be in focus on Thursday after the company reported a 9% year-on-year (YoY) increase in consolidated net profit to Rs 425 crore for Q1FY26, compared to Rs 391 crore in the same quarter last rose 19% YoY to Rs 4,883 crore from Rs 4,104 crore. On a sequential basis, profit after tax (PAT) was up 36% from Rs 312 crore in Q4FY25, while revenue increased 16% from Rs 4,217 before tax (PBT) for the quarter came in at Rs 565 crore, up 13% clarified that its consolidated revenues do not include those from the Trent Hypermarket business due to accounting standards, though its share of profitability from the venture is accounted for under the equity a standalone basis, PAT rose 23% YoY to Rs 423 crore, while revenue grew 20% to Rs 4,781 crore from Rs 3,992 company said revenue growth remained healthy across markets despite the early onset of monsoon and geopolitical disruptions. Like-for-like growth in the fashion portfolio was in low single digits for Q1FY26, with revenue contributions across concepts aligning with strategic on the performance, Chairman Noel N Tata said, 'We remain focused on evolving our differentiated consumer proposition that appeals to a wider audience across diverse markets. Notwithstanding continuing competitive intensity and interim trends, we believe an unwavering focus on being relevant to our customers and building resilience with our business model choices will, over time, enable us to deliver significant value.'Avendus has downgraded Trent to a 'Reduce' rating and cut the target price to Rs 5,000 from Rs 5, expects FY26 to be a consolidation phase, with growth likely to moderate but remain healthy. The brokerage cited muted macroeconomic conditions that may cap Trent's market capitalisation near Rs 2 lakh crore. Revenue estimates have been reduced by 4% for FY26 and 6% for FY27, though EBITDA margins are expected to remain stable at 17–18%. With the stock trading at 65x PE, Avendus sees the risk-reward as Oswal Financial Services (MOSL) has retained a 'Buy' rating on Trent, revising the target price to Rs 6,400 from Rs 6, brokerage highlighted margin expansion as a positive surprise despite slower growth. While EBITDA estimates for FY26–27 remain unchanged, PAT estimates have been trimmed by 1–5% due to higher depreciation. MOSL projects a compound annual growth rate (CAGR) of 20% for revenue, 18% for EBITDA, and 16% for PAT over FY25–28. It sees acceleration in revenue growth as a key trigger for the has maintained a 'Buy' rating on Trent and raised the target price to Rs 7,301 from Rs 6, brokerage noted that profitability exceeded estimates during the quarter, even as fashion concepts recorded low single-digit like-for-like (LFL) growth. Despite a weak demand environment, Trent continues to be an outperformer. Antique expects operating expense rationalisation to further support profitability and has raised its EBITDA estimates for FY26 and FY27 by 3% each.
Hans India
06-08-2025
- Business
- Hans India
Trent Q1 net profit rises 8.6 pc to Rs 424.7 cr
New Delhi: Tata group retail firm Trent Ltd on Wednesday reported an 8.6 per cent increase in consolidated net profit to Rs 424.7 crore in the June quarter, driven by steady performance across formats. The company had posted a consolidated net profit of Rs 391.2 crore in the June-April period a year ago, Trent Ltd said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 4,883.48 crore compared to Rs 4,104.44 crore in the year-ago period, it added. Total expenses in the period under review were higher at Rs 4,368.59 crore against Rs 3,703.96 crore in the same period of the previous fiscal, said the company that runs different retail chains under brands, including Westside and Zudio. "The business delivered a steady performance during the quarter. We remain focused on evolving our differentiated consumer proposition that appeals to a wider audience across diverse markets," Trent Ltd Chairman Noel N Tata said. Notwithstanding continuing competitive intensity and interim trends, he said, "We believe an unwavering focus on being relevant to our customers and building resilience with our business model choices will, over time, enable us to deliver significant value." Stating that building density of presence in key markets allows the company proximity and the ability to service its customers readily, he said both Westside and Zudio now have the scale and reach and enjoy significant consumer awareness. "We remain on track to build a sizable and scalable pure-play direct-to-customer business in the context of the market size and opportunity," Tata noted. In the food and grocery space, he said the company continues to apply Trent's playbook in the Star supermarket business, and the contribution of its brands is now trending over 70 per cent of revenues. "The opportunity in the food space for the Star proposition is exciting while being competitive. We remain convinced that this business is well poised to deliver much consumer value and growth in the years ahead," Tata said. The Star business now consists of 77 stores, including the addition of 2 stores and closure of 3 stores during the quarter, Trent said.
