Trent: Time to Pivot! Upgrade to ADD
In our June-25 deep-dive on Trent, we highlighted (1) signs of fatigue in Westside and (2) Zudio’s peak efficiency, which kept us at bay from being...
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Trent Q2FY26: Growth Momentum Fades as Tier-II Mix Drags and Star Bazaar Slips
Trent's Q2FY26 revenue up 17% to INR 4,724 crore, PAT grows 6%. Cost control and tech boost margins despite challenges. High valuations and...
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Trent Ltd - Resilient Growth Amid GST Transition; Maintain BUY
The quarter saw muted consumer sentiment, unseasonal rainfall, and the transition to the new GST regime, which temporarily impacted discretionary...
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Aequitas: Avaada Electro Pre-IPO - Offtake Visibility but Concentration and Leverage Risks Remain
Avaada Electro Limited (AEL) is looking to raise around US$800m in its upcoming India IPO. In this note, we look at the firm’s past performance.
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HSIE Results Daily: SBI Life Insurance, Trent, Tech Mahindra, Havells India
VNB margins were broadly in line with expectations, driven by increased contribution from the NPAR segment (FY26: 26.3%, 9MFY26: 25.2%)...
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