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