Yes, sometimes stepping away might seem like the right choice. I’ve tried it in the past, and my experience taught me that rejoining with the same conviction is often challenging. So, if the business has strong long-term prospects, stepping away could mean missing out on significant gains.
Regarding Trent’s results, they are exceptional—among the best in the industry, not just in retail. Other retail players have faced losses this quarter (V2, ABFR), and while DMart also saw a reduction in profit, Star Bazaar reported improved profitability. Emerging categories like beauty & personal care, innerwear, and footwear have continued to gain customer traction and now contribute to over 20% of revenues. Zudio Beauty, in particular, seems highly promising to me. Even in a challenging month like September, Trent delivered an impressive operational profit of ₹643 crore. I believe their consolidation of 25 stores is a strategic step, showing management’s careful and profitable approach to expansion.
Yes, the stock price action has been disappointing, but I remain confident. For me, it’s business as usual. For the past year, I’ve been searching for a third company to add to my concentrated portfolio, but I have yet to find one that convinces me. Currently, my portfolio includes only Trent and Divi’s Laboratories, and I’m still on the lookout for a third.
Disclaimer: I am invested in Trent and have added a few more units recently. This is not a buy/sell recommendation, nor should it be taken as investment advice—these are solely my personal views.
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