Trent Share Price Target: Tata Group’s retail arm Trent has reported an 8.6 per cent year-on-year rise in consolidated net profit for the first quarter of FY26, but global brokerages remained divided in their views, citing mixed signals from underlying growth trends and profitability drivers.
Trent Q1 earnings
The company posted a consolidated net profit of Rs 424.7 crore in Q1 FY26, up from Rs 391.2 crore in the same quarter last year, supported by steady performance across its retail formats, which include brands like Westside and Zudio.
Consolidated revenue from operations grew strongly to Rs 4,883.5 crore, rising from Rs 4,104.4 crore in the year-ago period.
However, total expenses also increased to Rs 4,368.6 crore compared to Rs 3,704 crore last year.
Should you buy/sell/hold? Check brokerage reactions
Jefferies has maintained a ‘hold’ rating on Trent and raised the target price slightly to Rs 6,000. The brokerage acknowledged the company’s solid bottom-line performance but flagged muted store expansion and moderated like-for-like (LFL) growth as key concerns.
Jefferies also noted that while the quarter delivered a beat on profitability, it was largely driven by lower operating expenses, particularly due to inventory provision reversals and reduced employee costs, rather than topline acceleration.
Citi, on the other hand, has maintained a ‘buy’ call on the largecap stock but trimmed target price to Rs 7,150 from Rs 7,600. The firm highlighted that the Q1 performance was a solid beat on profitability, even as LFL growth showed signs of moderation. It also flagged that the pace of store expansion remained muted, in line with typical trends for the June quarter, which could weigh on near-term growth momentum.
Shares rise 1.5% after Q1 results, gain over 800% in 5 years
After Q1 financial performance, shares of Trent surged as much as 1.55 per cent on Thursday, reaching an intra-day high of Rs 5,442.40 by 10 AM. Here is how the stock fared performed in the last five years:
- Up over 800% in the past 5 years
- Down 1% over the past 6 months
- Down 1.32% over the past 12 months
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)
