Radhakishan Damani Trent Exit: Retail King’s Mysterious Departure
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Radhakishan Damani Exits Trent Stake After Decade-Long investment
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What Happened
India’s low-profile billionaire and retail king,Radhakishan Damani,appears to have exited his decade-old stake in Tata Group’s retail powerhouse,Trent,sparking fresh buzz on Dalal Street about what may have prompted the move after years of blockbuster gains. filings for the September 2023 quarter reveal that Damani’s stake in Trent, held through Derive Trading and Resorts Private Limited, has slipped below 1%, down from 1.2% in the June quarter. Damani had first picked up a 2.74% stake around 2010, according to market sources, though Trendlyne.com data tracks his holding from December 2015.
For nearly a decade, damani, the man behind DMart and widely regarded as India’s “Retail King,” stayed invested in the Tata Group’s retail arm, a company that began life as Lakme in 1952 before evolving into a fashion and lifestyle behemoth. His apparent exit comes after a breathtaking run in Trent’s business and stock performance, even as the rally shows signs of fatigue.
From Cosmetics to Fashion Empire
Trent, today valued at Rs 1.70 lakh crore, operates a diverse retail portfolio spanning apparel, footwear, accessories, groceries, toys, and home products through its brands Westside, Zudio, Star, and Landmark. Over the past five years,the company’s growth has been stellar.
| Financial Year | Sales (Rs Crore) | EBITDA (Rs Crore) | net Profit (Rs Crore) |
|---|---|---|---|
| FY20 | 3,486 | 529 | 106 |
| FY25 | 17,135 | 2,820 | 1,534 |
Sales soared from Rs 3,486 crore in FY20 to Rs 17,135 crore in FY25, a compounded annual growth rate (CAGR) of 38%. EBITDA surged from Rs 529 crore to rs 2,820 crore, growing at a 40% CAGR, while net profit jumped from Rs 106 crore in FY20 to Rs 1,534 crore in FY25, a 67% CAGR.