Trent shares fall 10% in 2 days after Q2 results. Should you invest?
[hfe_template id='11223']
[ad_1]
Shares of Trent have fallen by 10% in the last 2 trading sessions to a low of Rs 6,270 on the BSE after the company on Thursday reported that its September quarter standalone profit rose 46% year-on-year (YoY) to Rs 423.44 crore, higher than ET Now poll estimate of Rs 414 crore. Trent's Q2 revenue rose 39.6% YoY to Rs 4,035.56 crore but was below the estimate of Rs 4,320 crore. In Q2FY25, its fashion segment registered double-digit like-for-like growth. Emerging categories, which contribute to over 20% of its revenues, like beauty & personal care, innerwear and footwear continued to gain traction with customers. As of September-end Trent's store portfolio included 226 Westside, 577 Zudio and 28 stores across other lifestyle concepts. Post the second quarter results of the company, here is what analysts say: Bernstein: Outperform| Target price: Rs 8,100 Bernstein maintained an Outperform rating on Trent with a target price of R...