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IDBI Capital Report
Trent Ltd. reported a better than expected result.
The overall recovery of Westside on a comparable basis at 96% is quite impressive.
Revenue from e-commerce channel grew 150% YoY continuing to support loss of sale from brick and mortar stores.
However, recovery has been impacted due to the imposition of lockdown/trade restriction by states of India from mid-march.
The launch of the loyalty programme during December 2020 is tracking well as more members are continuing to onboard.
Store addition of Westside and Zudio remains healthy. We expect the current lockdown to impact the recovery of the overall business.
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