Bernstein has reiterated its “Outperform” rating on Trent, setting a target price of ₹8,100, which suggests a potential upside of 24% from the current market price of ₹6,530. Despite a Q2FY25 performance that fell short of expectations, Bernstein notes that the overall growth story for Trent remains intact. The report highlights that store expansion has been slower, but recovery is underway.
Trent delivered a positive surprise on its EBITDA margin, and Bernstein views the company’s Same Store Sales Growth (SSSG) and measured expansion as encouraging. The company also emphasized its new growth avenues, including the Westside Pome, Zudio Beauty, and Zudio International segments, which are expected to drive further growth.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are advised to consult a financial advisor before making any investment decisions.
