Macquarie has maintained its outperform rating on Trent with a target price of ₹6,000, noting that the retailer is sharpening its focus on strengthening Zudio amid intensifying competition in the value fashion segment. The brokerage said the company is upgrading Zudio’s portfolio to deepen differentiation and improve consumer relevance, while operational initiatives including store splits are aimed at enhancing customer experience even though they temporarily weigh on like-to-like growth.
Macquarie added that digital initiatives are being prioritised to improve efficiency, but reiterated that Zudio will remain an offline-first model given the weak unit economics of value apparel online. The brokerage expects Trent’s broader strategy—encompassing format expansions, merchandising upgrades and productivity-led margin stability—to support scalable growth across its retail portfolio. Despite competitive headwinds, Macquarie believes Trent’s strong execution and brand momentum keep it well positioned for sustained market share gains.
Disclaimer: The views and recommendations above are those of Macquarie. Business Upturn does not endorse them. Please consult a financial advisor before making investment decisions.
