1 TCNSBRANDS share price target reports by brokerages below. See what is analyst's view on TCNSBRANDS share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
TCNS Clothing is poised to capture high trajectory growth opportunities in the Indian ethnic wear segment through its three popular home-grown brands. The company has an impressive track record of growing its revenue at a CAGR of 40% in FY13-19, with EBITDA margin expansion of 700 bps. Given its multi-distribution channel approach and robust supply chain infrastructure, TCNS has emerged as the market leader in women’s ethnic space. Near term revenue growth may witness sharp deceleration owing to store closure and disruption in discretionary demand owing to impact of spread of Covid-19. However, being a net cash positive company, it would be in a better position to tide over the current turbulent market scenario better than small peers. TCNS has a long term objective of transforming itself from a pure play apparel company to a lifestyle company.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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