Elara picks Trent, D-Mart as top retail bets; flags 20%+ growth, FTA tailwind for spirits
Elara Capital's Karan Taurani names Trent and Avenue Supermarts as top retail picks on 20%+ revenue growth and northern expansion. India-UK FTA could lift United Spirits and Radico Khaitan through lower Scotch duties, while Nykaa and Zepto remain under margin scrutiny.
What happened
Elara Capital's Karan Taurani names Trent and D-Mart as top retail picks, citing 20%+ revenue growth and northern expansion. India-UK FTA could lift United
Key facts
- 20% revenue growth
Why this matters
Lower Scotch duties under the India-UK FTA reset the M&A math for premium spirits portfolios while margin-pressured Nykaa and Zepto become potential consolidation targets.