Brokerages Split On Trent As SSSG Cools; Titan Shines On 41% Q1 Jewellery Growth
Q1 updates diverge across Indian retail: Titan draws bullish targets (Rs 5075-5182) on strong jewellery momentum and double-digit buyer gains, while Trent gets mixed calls spanning Citi's Sell (Rs 2733) to Macquarie's Rs 3600 as same-store sales moderate. Jubilant FoodWorks stays margin-pressured; Indian Hotels resilient on RevPAR growth.
Brokerages update Q1 views on Indian retail names: Titan sees strong jewellery growth and double-digit buyer gains; Trent's SSSG moderates drawing mixed calls; Jubilant FoodWorks in-line but margin-pressured; Indian Hotels resilient with RevPAR growth.
Why this matters
Follows Trent's 19% Q1 revenue growth to Rs 5,666 cr and 1,312-store count, alongside Titan's 41% consumer business jump. Divergent broker calls now sharpen as same-store sales momentum slows for Trent.
Retail-company signals accelerating, up 608800% QoQ.