MOFSL backs Trent at Rs 3,500: Zudio to 5,000 stores, Westside to 700 long-term
Motilal Oswal reiterates Buy on Trent, citing chairman's roadmap of 200-250 Zudio openings/year (from 960 today to 5,000 eventually) and 50 Westside/year (300 to 700). With just 2% of India's fashion retail, MOFSL models 2.5x revenue and 3x profit growth.
MOFSL reiterates Buy on Trent with Rs 3,500 target. Chairman pegs Trent at just 2% of India's fashion retail, guiding 50 Westside, 200-250 Zudio, 25-40 Star store openings annually, with long-term potential of 700 Westside and 5,000 Zudio stores.
Why this matters
Builds on MOFSL's earlier re-rating call and Trent's 4.11% Nifty50-leading surge to Rs 3,272, framing store rollout as the engine behind a Rs 2 lakh crore m-cap retailer in leadership transition.
Store-opening signals steady at 307 over the last 90 days, underscoring sustained physical retail expansion.