Trent Q4 Review - Revenue Recovery, Strong Liquidity To Aid Future Growth: ICICI Direct
Shirts are displayed on mannequins in the menswear department of a Westside store operated by Trent Ltd., the retail unit of Tata Group, in Mumbai, India. (Photographer: Kanishka Sonthalia/Bloomberg)

Trent Q4 Review - Revenue Recovery, Strong Liquidity To Aid Future Growth: ICICI Direct


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

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.

Click on the attachment to read the full report:

ICICI Direct Trent Q4FY21 Result Update.pdf


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