Shares of Trent were trading at Rs 4494 with a rise of 3.2 percent.
Trent reported strong standalone revenue growth of 53 per cent (in-line) in 4QFY24. Motilal Oswal Financial Services said, "Trent's strong performance and strong footprint additions are an important addition to our retail coverage universe, which is facing a challenging demand environment."
Unlike its competitors, which bore the brunt of the sharp rise in raw material prices in the last financial year, Trent has absorbed the impact by seeing strong customer response and is now benefiting from softening raw material prices.
Motilal Oswa Financial Services said Trent's industry-leading revenue growth, driven by healthy SSSG productivity, strong footprint additions and healthy scale-up at Zoodio, provides a huge runway for growth over the next three to five years.
Taking into account strong revenue growth, aggressive store growth, margin tailwind from declining raw material costs and operating leverage, the brokerage estimates a CAGR of 32 per cent/38 per cent in revenue/PAT in FY24-26. The continued momentum at Star and improving store metrics provide further upside potential.
Trent Limited is part of the Tata Group and operates a portfolio of retail concepts. Trent's primary customer propositions include Westside, one of India's leading chains of fashion retail stores, Judio, a one-stop destination for great fashion at the best prices and Trent Hypermarket, which offers competitive dining, grocery and daily essentials. Works. Star banner.
Trent reported strong standalone revenue growth of 53 per cent (in-line) in 4QFY24. Motilal Oswal Financial Services said, "Trent's strong performance and strong footprint additions are an important addition to our retail coverage universe, which is facing a challenging demand environment."
Unlike its competitors, which bore the brunt of the sharp rise in raw material prices in the last financial year, Trent has absorbed the impact by seeing strong customer response and is now benefiting from softening raw material prices.
Motilal Oswa Financial Services said Trent's industry-leading revenue growth, driven by healthy SSSG productivity, strong footprint additions and healthy scale-up at Zoodio, provides a huge runway for growth over the next three to five years.
Taking into account strong revenue growth, aggressive store growth, margin tailwind from declining raw material costs and operating leverage, the brokerage estimates a CAGR of 32 per cent/38 per cent in revenue/PAT in FY24-26. The continued momentum at Star and improving store metrics provide further upside potential.
Trent Limited is part of the Tata Group and operates a portfolio of retail concepts. Trent's primary customer propositions include Westside, one of India's leading chains of fashion retail stores, Judio, a one-stop destination for great fashion at the best prices and Trent Hypermarket, which offers competitive dining, grocery and daily essentials. Works. Star banner.
