Brokerages expect Trent to be on growth runway after strong Q1 results

A CUT ABOVE Improved presentation in new categories, JVs/associates to gussy up retail major's consolidated performance

Thanks to a sharp surge in share prices, Tata Group-owned retail major Trent, on Wednesday, entered the coveted list of top 100 companies by market capitalisation, with its value crossing the Rs 50,000-crore mark.

In addition to the outperformance in the lifestyle apparel business, growth momentum in the emerging segments and an upbeat trend in the general merchandise arm StarBazaar were the other highlights for the April-June quarter (first quarter, or Q1) of 2022-23 (FY23).

After the results, brokerages revised their operating and net profit estimates for FY23 and 2023-24 by up to 9 per cent to factor in the