Trent Q3 Results Review - Stellar Performance In A Weak Market: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Trent Ltd. reported a strong standalone revenue growth of 53% (5% miss) led by 10% like-for-like and store additions in Q3 FY24. This, along with raw material cost tailwinds, led to a gross margin improvement. Further, controlled costs drove Ebitda/profit after tax growth of 86%/2.1 times YoY (6%/8% beat) for the quarter.Based on strong revenue productivity, aggressive store additions, margin tailwinds from moderating raw material, and operating leverage, we have modeled 30%/31% revenue/Ebitda compound annual growth rate over FY24-26. We have also maintained our estimates broadly. The continued momentum within Star and improving store metrics offer further upside potential. We reiterate our 'Buy' rating with a revised target price of Rs 4,200, given Trent’s strong growth opportunity going forward..Click on the attachment to read the full report:.Trent Q3 Results: Profit Doubles To Rs 370 Crore .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Trent Q3 Results Review - Stellar Performance In A Weak Market: Motilal Oswal

Strong like-for-like growth and margin expansion boost earnings

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Trent Q3 Results Review - Stellar Performance In A Weak Market: Motilal Oswal

Strong like-for-like growth and margin expansion boost earnings

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