Trent draws mixed brokerage calls after Q1 standalone revenue rises 19% to Rs 5,666 crore
Trent's FY26 Q1 standalone revenue rose 19% YoY to Rs 5,666 crore but slightly missed some estimates, leading to split brokerage views. Expansion continued with 1 Westside and 19 Zudio additions (1,312 stores total), yet concerns emerged around softer productivity and competition. With targets ranging from Rs 2,733 (Sell) to Rs 3,500 (Outperform), near-term expectations look more balanced after a strong YTD rally.
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Trent reported FY2025 Q1 standalone revenue of Rs 56.66 billion, up 19% year on year, slightly below some brokerage expectations. The retailer added one Westside store and 19 Zudio outlets in the quarter, taking its total store count to 1,312. Bernstein kept an 'Outperform' rating with a Rs 3,500 target, Morgan Stanley reiterated 'Overweight' with a Rs 3,151 target, and Citi maintained a 'Sell' with a Rs 2,733 target. The stock closed at Rs 3,343.8 on Monday, up 16.6% in 2026 and outperforming the Nifty 50.