Trent Limited (NSE: TRENT) — Up 5.21%
Zudio’s Explosive Growth: Trent shares hit a new 52-week high after its value fashion brand Zudio opened its 500th store, reaching the milestone 2 years ahead of schedule. Same-store sales growth of 22% in Q3 crushed estimates.
Key Catalysts:
- Zudio’s revenue crossed ₹5,000 Cr annualized run rate
- Westside maintained 8% SSSG despite premium positioning
- Jefferies assigned ₹8,500 target, calling it “India’s Zara moment”
What to Watch: Valuation at 90x PE is stretched but justified by 45% earnings CAGR guidance. Tata Group’s retail ambitions with Star Bazaar integration could be the next catalyst. Key risk: consumer discretionary slowdown in tier-2 cities.
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