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Trent Aspires To Grow 25%+ Through Higher Revenue Share, Says Motilal Oswal Maintaining 'Buy'

Motilal Oswal continues to like Trent for its robust footprint additions, strong double-digit growth, long runway for growth in Star and potential scale-up of new categories.

<div class="paragraphs"><p>Trent remains bullish on the growth opportunity in the Star format, but will continue to grow sensibly while focusing on the right economics and improving its differentiation through a rising share of non-third-party brands.</p><p>(Photo Source: <a href="https://unsplash.com/pt-br/@artificialphotography?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Artificial Photography</a>/ <a href="https://unsplash.com/s/photos/fashion-apparel?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
Trent remains bullish on the growth opportunity in the Star format, but will continue to grow sensibly while focusing on the right economics and improving its differentiation through a rising share of non-third-party brands.

(Photo Source: Artificial Photography/ Unsplash)

Despite robust growth over the past few years (6.5x revenue growth over FY19-25), management indicated that Trent’s share in India’s fashion and lifestyle retail industry remains in low-single digits. The company believes there is still a long runway for growth and aims to grow at 25%+ annually over the longer term through a multibrand, cluster-based approach to increase its market share in key micro-markets.
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