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.
IDBI Capital Report
Trent Ltd. reported better than expected result. Apparels being non-essentials has been most significantly impacted due to Covid-19 induced lockdowns.
During Q1 FY22; fashion business (Westside and Zudio) of Trent could operate only for 46% of the trading days.
Consequently, overall business is stayed at ~43% of pre-Covid-19.
Revenue from Westside online business grew at healthy up 200% and now contributes ~5% to Westside revenue.
Store addition rate remains healthy and aids confidence to our forecast.
During the quarter; the company fitted out 25 (13 Westside and 12 Zudio) stores which are likely to open once Covid-19 restrictions are eased.
We are estimating 30 and 70 store addition in Westisde and Zudio formats 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.