Going ahead, inflationary pressures remain a primary threat to margins. According to Trent, sourcing efficiencies and broader supplier engagements continue to help in navigating inflationary headwinds. “While near-term earnings growth is relatively subdued owing to inflation, we expect a meaningful acceleration in FY28E, with earnings growth of 25% in FY27E-29E,” said Elara Securities (India). Store additions, better profitability at Westside and like-for-like recovery at Zudio could drive standalone earnings per share (EPS) growth.
