Goldman Sachs has initiated a ‘Buy’ rating on Trent, setting a target price of Rs 8000, reflecting strong confidence in the company’s growth prospects. The brokerage highlights Trent’s robust market share gain, particularly driven by its popular Zudio brand, which it considers difficult for competitors to replicate. Although there has been a recent moderation due to an urban slowdown, Goldman Sachs anticipates a recovery in the near term.
The brokerage forecasts a robust compound annual growth rate (CAGR) for Trent, expecting revenue, EBITDA, and PAT to grow by approximately 28%, 34%, and 29%, respectively, over the FY24-FY30 period. Goldman Sachs views Trent as well-positioned to capitalize on the consumer shift towards value and quality in the retail sector, making it a compelling long-term investment.
