Motilal Oswal: Trent - Standing Out; Seizing The Opportunity

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Trent Ltd.’s management shared numbers on a pre-Indian Accounting Standards (Ind-AS 116) basis, highlighting healthy 22% standalone Ebitda growth in FY20 with a 9.1% margin, implying a 20 basis point drop.Zudio achieved breakeven with Rs 80 million Ebit, with a 1.6% margin at a modest scale of Rs 500 billion and nearly 50% of the portfolio freshly launched. Westside delivered a 9.1% Ebit margin.Zudio’s pricing-gross margin equation is noteworthy. It operates at a 39% margin despite its sharp pricing, offering 65% of products priced below Rs 399 at its stores. This is better than the regional players approximately 30% gross margin and national value retailers’ much higher pricing for 40–45% margins.Westside’s 56% gross margin is also healthy despite its prevailing pricing being a notch below pricing in the branded apparel category..Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

Motilal Oswal: Trent - Standing Out; Seizing The Opportunity

Motilal Oswal: Trent - Standing Out; Seizing The Opportunity

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