Trent Ltd. News and Updates

Name: Latest research reports of Trent Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Trent Ltd.
Rating: 5
Author: ICICI Securities Limited

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Trent Ltd.

06 Feb 2019

5298.00

1.19%

From Westside to Pantaloons, retail chains gain from consumer uptick in Q3

Business Standard

Chains were also better prepared in terms of their offers, discounts and overall shopping strategies

Trent Ltd. has an average target of 6258.75 from 4 brokers.

Trent Ltd.

06 Feb 2019

5298.00

1.19%

Trent Ltd

Buy: Trent Ltd.

Target

ICICI Securities Limited

Driven by strong festive season, revenue grew a robust 26% YoY to | 656.5 crore (I-direct estimate: | 612.6 crore). For 9MFY19, Westside format sales grew 17% YoY, with like to like sales growth of 8% Gross margins for the quarter declined 359 bps YoY to 53%. However, decline in other expense as a percentage of sales (down 177 bps YoY) neutralised the impact of lower gross margins, to a certain extent. Subsequently, the decline in EBITDA margin was restricted to 211 bps YoY to 11.1% (I-direct estimate: 13.7%). Absolute EBITDA grew 6%...

Trent Ltd. has an average target of 6258.75 from 4 brokers.

Trent Ltd.

02 Nov 2018

5298.00

1.19%

Trent Ltd

Buy: Trent Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Trent reported a healthy operational performance, with revenue and EBITDA in line with our estimates. Net profit came in below our estimates mainly on account of higher interest expense Revenue for the quarter grew 18% YoY to | 615.9 crore (I-direct estimate: | 612.4 crore). Gross margins for the quarter declined 125 bps YoY to 50.8%, mainly on account of higher discounting days. However, a decline in other expense as a percentage to sales (down...

Number of FII/FPI investors decreased from 1097 to 1053 in Jun 2025 qtr

Trent Ltd.

10 Aug 2018

5298.00

1.19%

Trent Ltd

Buy: Trent Ltd.

Target

ICICI Securities Limited

EBITDA margins improved marginally by 20 bps YoY to 12.0% (I-direct estimate: 12.2%), mainly on the back of a decline in rental expense as a percentage to sales by 69 bps YoY. Subsequently, absolute EBITDA grew 21% YoY to | 71.0 crore (I-direct estimate: | 71.8 crore) Other income for Q1 came in at | 5.7 crore vs. | 16.0 crore in Q1FY18. This led to restriction of PAT growth. Consequently, PAT for the quarter stayed flat YoY at | 38.4 crore (I-direct estimate: | 47.3 crore) Key takeaways from AGM: 1) the management has chalked out...

Trent Ltd. has an average target of 6258.75 from 4 brokers.

Trent Ltd.

09 Jul 2018

5298.00

1.19%

Trent Ltd

Buy: Trent Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Westside continues to be one of the most successful, established franchises in the women's wear category. With steady same store sales growth (8%) and aggressive store addition (added 18 stores, the highest store addition historically in a single year), revenues from the Westside format grew robustly by 20% YoY in FY18. Westside has proven to have one of the most profitable business models as it primarily focuses on selling private label brands. Share of private label brands has improved significantly from 80% in...

Trent Ltd. has lost -25.99% in the last 1 Year

Trent Ltd.

21 May 2018

5298.00

1.19%

Trent bets on Westside brand to drive growth

Business Line

Nearly 30 stores to be added over 5 years; looking at Star' format stores

Trent Ltd. is trading below all available SMAs

Trent Ltd.

19 May 2018

5298.00

1.19%

Trent looking to double Westside store count within five years

livemint

Tata Group's retailer Trent is looking to start at least 10 new Westside stores in the east, where it does not have enough stores currently

Trent Ltd. has lost -25.99% in the last 1 Year

Trent Ltd.

08 May 2018

5298.00

1.19%

Trent Ltd

Buy: Trent Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues for the quarter grew 18% YoY to | 528.7 crore vs. our estimate of | 540.4 crore. Results for the quarter include revenues from Zudio, which was acquired by the company with effect from October 1, 2017. For FY18, revenues of the Westside format grew robustly by 20% YoY with like to like (LTL) sales growth of 9% Gross margins improved 92 bps YoY to 50.3% while controlled operating expenses accelerated the improvement in EBITDA margins,...

Trent Ltd. has lost -25.99% in the last 1 Year

Trent Ltd.

20 Mar 2018

5298.00

1.19%

Fundamental Research Report : Trent Ltd.

Buy: Trent Ltd.

Choice India

Trent Limited is engaged in the retail sale of readymade garments. The Company's segments include Retailing and Others. It primarily operates stores across three formats: Westside, Star and Landmark. Westside offers apparel, footwear and accessories for men, women and children, along with furnishings, decor and a range of home accessories. It offers products in approximately 61 cities across over 108 stores. Star hypermarket and convenience store chain offers a range of products, including staple foods, beverages, health and beauty products, apparel, home...