Tata Group‘s Trent is expected to post another quarter of strong results for the July to September period, on Thursday. On average, analysts expect the firm’s revenue to come in at ₹4,376 crore and net profit is seen soaring 64% year-on-year to ₹478 crore.

What Happened: Motilal Oswal sees the firm’s revenue shot up by 48% compared to last year on the back of robust same-store sales growth and strong footprint additions. Net profit is seen rising 37% year-on-year.

The brokerage sees EBITDA margin expanding 30 basis points YoY to 16.2%, on account of operating leverage. It expects the economy to have added two Westside and 25 Zudio stores in the quarter.

See Also: Apollo Hospitals Q2: Net Profit Up 62% To ₹378 Cr

Nuvama Institutional Equities sees the firm posting industry-leading growth with revenue rising 51% YoY. It estimates a 12% like-for-like growth for the fashion portfolio and expects gross margins to improve about 150 basis points YoY but stay stable sequentially. Overall, it expects Trent to report an EBITDA margin of 22.7% with EBITDA expected to increase 116% YoY. Nuvama is factoring in the addition of 15 fashion stores on a net basis in Q2, compared to 10, in the previous quarter.

Axis Securities expects a healthy revenue growth of 55% on the back of store expansion with PAT seen rising by a whopping 73.5%. EBITDA margins are expected to increase on account of strong operating leverage, Axis said. It added that demand outlook for metros and tier 2 and 3 towns ahead of the festive season, as well as store expansion guidance, will remain key things to watch out for in the results.

Antique Stock Broking has priced in a 45% increase in the firm’s revenue and sees net profit growing by 43%. As demand for lifestyle fashion remains muted, demand for value fashion has witnessed a strong momentum, the brokerage said. It sees Trent being an outlier in both sales and margin performance compared to the flattish results expected in the retail sector.

Price Action: Trent shares closed flat at ₹6,929.95 on Wednesday.

Read Next: Narendra Modi Extends Congratulations To Donald Trump On Election Win, Envisions Robust India-US Partnership