ICICI Direct: Festive Season To Aid In Trent’s Revenue Recovery
Clothing is displayed in a Westside store in Mumbai.(Photographer: Kanishka Sonthalia/Bloomberg)

ICICI Direct: Festive Season To Aid In Trent’s Revenue Recovery

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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

Despite the challenging environment, Trent Ltd. reported steady operational Q2 FY21 numbers.

With gradual opening of stores, it is seeing a rise in offtake on a month-on-month basis.

Standalone revenues (including Westside, Zudio and Landmark formats) de-grew 44.7% YoY to Rs 452.1 crore in Q2 FY21 (our estimate 47.0% de-growth, Q1 FY21 Rs 96.3 crore).

Owing to higher discounting and enhanced share of Zudio, gross margins fell sharply by 695 basis points YoY to 40.9%.

Click on the attachment to read the full report:

ICICI Direct Trent Q2FY21 Result Update.pdf

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