Top Conviction Ideas : Buy Trent Ltd for Target Rs. 6,160 - Axis Securities Ltd
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* Strong Sales Growth Outlook: We expect strong sales growth to continue in the coming quarters, supported by Trent’s aggressive store expansion and ongoing assortment renewal, which should drive higher footfall. Additionally, improved earnings across all formats, reduced losses at Star Bazaar, and increasing traction at the Inditex JV are positive indicators for the company.
* Strategic Initiatives Driving Growth: In recent years, Trent has implemented its playbook for the Star business, focusing on private labels, which has proven beneficial and is expected to be a key growth driver. Further, its expansion into the UAE, the launch of Zudio Beauty, and its recent entry into the fast-growing LGD jewellery segment are likely to contribute to long-term growth.
* Positive Long-Term View: Given these factors, we remain positive on Trent from a mid- to long-term perspective.
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