Trent Ltd is part of Tata Group of Companies and is one of the top performer in retail sector in India.
It was started in 1998 and to most of people it is known as ‘Westside’ and ‘Landmark’.
History
In 1998, Tata sold 50% stakes of their cosmetic brand Lakme to Hindustan Unilever Limited. HUL completed the deal with Tata in Rs 200 crore. With that money Tata Group started Trent Ltd.
Tata gave shares of Trent to previous shareholders of Lakme.
Trent acquired 76% stakes of Landmark in 2005 and in 2008 bought 100% stakes of the music and book retailer.
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Business
Westside: It is a retail fashion brand that sells clothes, footwear, bags and accessories for men, women and children.
Zudio: It is an affordable fashion brand that sells clothes, footwear and accessories for men, women and children.
Star: It is a supermarket selling food supplies, beverage, beauty and health products across eight cities in India.
Landmark: It sells books, toys, stationery, music and movie DVDs and sports merchandise.
Booker Wholesale: It is a wholesaler that provides supplies to traders, kirana stores, hotels and small businesses.
Trent Ltd. Stocks
Brokerage firm, Axis Securities said that in first half of Financial Year 2022
(H1FY22) the business has shown massive recovery. It is further expected to grow in second half of Financial Year 2022 (H2FY22). This will make company profitable. Due to pandemic, the company was not performing well and stocks went down.
The brokerage firm has recommended buying stocks of Trent Limited and gave target price of Rs 1180 per share. Currently Trent Ltd. is trading at Rs 1049. It will take six to nine months to reach target price. It will prove profitable to even short term investors if they buy the stock.
Zudio is the top performing business of Trent Limited. According to Axis Securities profit margins of the company will increase by third and fourth quarter of financial year 2022.
