Trent Annual Report Key Highlights - Resilient Business Model To Enable Sharp Recovery: ICICI Direct
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ICICI Direct Report
Trent Ltd. is India’s leading retailer with a presence across various consumer categories (400 plus stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions has led Trent to be among the fastest growing companies in our retail coverage universe. Key AGM highlights:
Post lockdown relaxations, revenue recovery has been encouraging with July sales tracking significantly higher YoY. Currently 90% plus stores have resumed their operations.
In the long run, the company aims to grow its revenue at compound annual growth rate of 25% plus.
Affirmed its aggressive store opening plans for its fashion format (Westside: 35 and Zudio: 75) in FY22 (outlined capex worth Rs 200 crore in FY22E).
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