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Trent share price target cut by HSBC but sees Zudio-led growth to sustain.
HSBC reduced Trent's price target from ₹5,300 to ₹4,800 but kept a 'Buy' rating.
KEY POINTS
- Trent plans to add around 200 new Zudio stores in FY26, signaling FY27 growth visibility.
- Despite aggressive expansion, Zudio's like-for-like growth is expected at only 4% in FY27.
- Zudio opened 198 stores in FY26, with 109 added in Q4 alone.
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