On this page

Resurfaced July 12 brokerage view: Indian retailers' Q1 FY27 seen strong; V2 Retail +58%, V-Mart +23%, Trent +19%

Brokerages expect strong Q1FY27 retail results; Systematix cites year-on-year revenue growth of 23 per cent at V-Mart, 58 per cent at V2 Retail and 19 per cent at Trent. Jewellers are seen buoyant, while Bata stays sluggish.

Systematix expects April–June revenue growth highest at V2 Retail, then V-Mart and Trent
  • V2 Retail expected Q1 FY27 Y-o-Y revenue growth58 per cent
  • V-Mart expected Q1 FY27 Y-o-Y revenue growth23 per cent
  • Trent expected Q1 FY27 Y-o-Y revenue growth19 per cent
Embed

Paste this HTML where the chart should go. It shows the current chart and links back to the report.

Download PNG

Newer report , , Financial Express : Kalyan, Senco and P N Gadgil match Titan's jewellery growth at 41%–85% P/E discounts

  • The Stack: Rs 21.5 crore seed
  • SS Retail: +59% revenue YoY

Reported figures

From the report. Source details below

Metro Brands expected toppling growth: 15 per cent
Metro Brands expected Ebidta margin contraction: 30 basis points
Gold price correction from peak: around 20 per cent
Adhik Maas period: May 17 to June 15

Why it matters to operators and investors

Brokerages expect value-fashion chains like V2 Retail (+58%), V-Mart (+23%) and Trent (+19%) to grow on demand and new stores, so measure your Q1 against that pace, and note that Metro's roughly 30bps EBITDA margin dip despite about 15% growth shows expansion can cost margin while Bata stays sluggish.

What to watch next

  • V2 Retail's reported April–June revenue growth versus the 58% estimate
  • V-Mart and Trent growth prints versus 23% and 19%
  • Metro Brands' EBITDA margin change versus the ~30bps contraction expected
  • Gold price moving back toward its peak from about 20% below
  • Bata's growth commentary and whether demand stays sluggish

Likely next moves

Our read of what comes next — analysis, not reported by the source.

  • V2 Retail is likely to report growth close to the 58% estimate and point to continued store expansion as the driver.
  • Trent is likely to keep its store-growth-led momentum, with revenue growth around the ~19% brokerages expect.
  • Metro Brands may report roughly 15% topline growth alongside modest EBITDA margin contraction, and its commentary will probably stress cost pressure.
  • Bata is likely to stay the laggard of the group, with sluggish demand reflected in muted growth relative to peers.
  • Jewellers are likely to post strong quarters as gold trading about 20% below its peak supports buying, and brokerages may lift estimates after results.

The source

Source Read the source at Business Standard

Published

First seen

By