Trent is India’s leading retailer with a presence across various consumer categories (550+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions have led Trent to be among the fastest growing companies in our retail coverage universe.
Trent reported a superlative performance with industry best revenue growth and strong beat on almost all parameters (change in useful life of certain stores impacted PAT).
Trent has been an exceptional performer with the stock price appreciating at ~35% CAGR in the last five years.
We value Trent at ₹ 1620 based on SOTP valuation.
Apart from Trent, we also like Aditya Birla Fashion & Retail.
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