Trent Q4 Review - Revenue Recovery, Strong Liquidity To Aid Future Growth: ICICI Direct
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ICICI Direct Report
Trent Ltd. has recorded impressive recovery on the growth front, with growth reverting to the positive territory.
Revenue for the quarter grew 7% YoY (6.7% QoQ) to Rs 773.7 crore.
Westside revenue (approximately 80% of sales) were broadly at last year’s levels with negative same stores sales growth of ~4% (negative SSSG of 28% in Q3 FY21).
Zudio continues to perform well with back of the envelope calculations suggesting 30% plus growth in Q4 FY21.
Revenue trajectory had continued to improve on a month-on-month basis but a sharp drop in revenues was witnessed following the temporary partial lockdowns in various states from mid-March onwards.
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