Trent Limited’s (Trent) (CMP: Rs 899; Market Capitalisation: Rs 31,951 crore) June 2021 quarter results were affected by lockdowns/restrictions. However, Trent has witnessed faster recovery and it is expecting to reach normalcy by Q3FY22. Trent’s store-expansion strategy in the apparel space is fast, and this would pave the way for industry-leading growth. Trent is working on building out differentiated brands which are scalable, viz., Westside (aspirational fashion apparel), Zudio (value fashion apparel), Utsa (modern lifestyle apparel), Star (hyper and supermarkets...