Aggressive store additions drive growth
TRENT saw a strong recovery in revenue (beating our estimate, up 2.3x YoY, and 25% above pre-COVID or 2QFY20 levels) on the back of a 46% addition...
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Trent: Lockdown Impacts Operations; Recovery Stands Protracted
We maintain our SOTP based TP to Rs 990 (Rs 790, previously) and maintain our current rating to HOLD given the negative impact of the second COVID...
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Trent Ltd: On Track to Achieve Rapid Revenue Recovery
On track to achieve rapid revenue recovery. consumer categories (400+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and...
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Trent Ltd: Resilient Business Model to Enable Sharp Recovery
Minimised discounting with lower EOSS days in FY21 (gross margin for Zudio, Westside improved 100 bps, 150 bps YoY to 40%, 58%, respectively
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Trent Ltd: Well Placed to Benefit from Demand Revival
Since the acquisition in FY18, revenues from value fashion brand Zudio, have grown from Rs 144 crore to Rs 507 crore as on FY20, translating into...
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