BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Trent Ltd. is India's leading retailer with a presence across various consumer categories (400 plus stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions has led Trent to be among the fastest growing companies in our retail coverage universe. Key AGM highlights:
Post lockdown relaxations, revenue recovery has been encouraging with July sales tracking significantly higher YoY. Currently 90% plus stores have resumed their operations.
In the long run, the company aims to grow its revenue at compound annual growth rate of 25% plus.
Affirmed its aggressive store opening plans for its fashion format (Westside: 35 and Zudio: 75) in FY22 (outlined capex worth Rs 200 crore in FY22E).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
