Trent outperforms peers in retail space with best in class growth

Valuations, however, are at a sharp premium compared to its peers

Led by strong same store sales growth of Westside and traction for value fashion franchise Zudio, Trent continues to outperform its peers in the retail space. The company posted a 33 per cent year-on-year revenue growth in the September quarter which was ahead of peers both on standalone and consolidated basis.

The better than expected performance was led by a 13 per cent jump in same store sales growth in Westside, which is the best in the retail industry in the quarter. The overall growth in this format too was strong 25 per cent. Analysts at IDBI Capital say the