Trent Q4 Results Review - Juggernaut On a Roll; Strong Performance Continues; Maintain Buy: Axis Securities

"NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.Valuation and Recommendation:We remain positive on the Trent Ltd. and expect Revenue/Ebitda growth of 32%/39% compound annual growth rate on a standalone business over FY23-26E.We maintain our 'Buy' rating on the stock and value the company on a SOTP basis with a revised target price of Rs 4,800/ share. Our target price implies an upside of 11% from the current market price..Outlook:We believe Trent’s outstanding performance in the last many quarters despite weak consumer demand is commendable. We further expect strong sales growth to continue in the coming quarters as Trent focuses on rapid store expansion and continued assortment renewal, which will result in higher overall footfall.In addition, the improvement in the earnings profile across all formats, the reduction in losses at Star Bazaar, and the improvement in traction at Inditex JV are also positive signs for the company.In recent years, the company has followed the small-format store model in Star Food. This, combined with sharp pricing and a focus on fresh produce and private labels, has led to positive results. This model is resilient and demonstrates strong commercial viability..Key Risks to our estimates and target priceIncrease in competitive intensity, weakening of demand environment..Click on the attachment to read the full report:.China's Longest Commercial Flight To Take Passengers To Mexico City; Check Distance And Duration.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Trent Q4 Results Review - Juggernaut On a Roll; Strong Performance Continues; Maintain Buy: Axis Securities

Trent’s overall results in terms of revenue growth are excellent.

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Trent Q4 Results Review - Juggernaut On a Roll; Strong Performance Continues; Maintain Buy: Axis Securities

Trent’s overall results in terms of revenue growth are excellent.

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