Trent Ltd.

NSE: TRENT | BSE: 500251 | ISIN: INE849A01020 | Industry: Department Stores
| Expensive Performer

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Trent Ltd.
06 Feb 2019
6019.50
-1.43%
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. average weekly volume is high.
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