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Trent registered the highest-ever quarterly income of Rs 2,171 crore within the December quarter of 2023. The working EBIT margin for the stated quarter stood at 9.8%.
Westside registered an LFL (like-for-like) progress of 17% vis-à-vis Q3 FY22. On-line revenues by way of Westside.com and different Tata group platforms contributed over 6% of Westside revenues.
“As of date, we function 211 Westside shops, 326 Zudio shops and 21 shops throughout different life-style ideas. The efficiency of recent shops added within the final 12 months throughout ideas is encouraging and according to our expectations,” Trent stated in a launch.
Trent lately entered right into a three way partnership with MAS Group, Sri Lanka. Over time, Trent and MAS would pool their area experience to undertake design, growth, and manufacturing of a spread of intimate put on and different attire merchandise, it stated.
At 10.15 am, the scrip was buying and selling 3% larger at Rs 1,273 on BSE. The inventory has additionally surged about 20% within the final 12 months.
Do you have to purchase, promote or maintain Trent’s inventory? This is what analysts say:
Motilal Oswal maintained its Purchase score on Trent with a goal value of Rs 1,500, which exhibits an upside of 18% from the present market costs.
“Trent’s industry-leading income progress is majorly pushed by robust SSSG and productiveness, robust footprint additions, and Zudio’s robust worth proposition. It continues to outperform its friends and provides an enormous runway for progress over the subsequent three-to-five years,” Motilal stated.
Jefferies
“We revise our income assumptions larger, though that is offset by decrease margins. Total, we largely keep Ebitda estimates. We retain our Maintain score with an unchanged PT of Rs 1,400,” it stated.
(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t symbolize the views of The Financial Instances)
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