Trent shares decline despite strong Q4 results. The lifestyle retailer posted 26% YoY net profit growth to Rs 400 crore and 19% revenue increase to Rs 5,028 crore, yet stock fell 4% to Rs 4,252. EBITDA margins beat expectations at 18.4% versus 16.8% forecast. Goldman Sachs maintains neutral with Rs 4,330 target, citing consumer demand moderation and input cost inflation risks. Morgan Stanley stays overweight with Rs 4,835 target, praising strong margin performance and robust store expansion in Tier 2 and Tier 3 markets. Motilal Oswal raised target to Rs 5,250 on buy rating, noting easing cannibalisation impact from Zudio stores. Brokerages acknowledge strong fundamentals but remain cautious on macroeconomic headwinds and valuation at 62x FY28 earnings.
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