Daijiworld Media Network – Mumbai
Mumbai, Oct 7: Trent Ltd. shares tumbled to a six-month low on Tuesday as its second-quarter business update reflected moderating growth, raising concerns over the company’s future outlook.
The Q2 standalone revenue rose 17% to Rs 5,002 crore (YoY), while the company expanded its retail footprint by opening 13 Westside stores and 40 Zudio outlets. Trent’s overall store portfolio now includes 261 Westside, 806 Zudio, and 34 other lifestyle concept stores.
Brokerage Equirus downgraded Trent Ltd. to ‘Reduce’, citing expectations of a slowdown in premium growth. The firm set a target price of Rs 4,474, implying a 5% downside from Monday’s close. Equirus noted that Trent’s Q2 growth marks the lowest in 18 quarters, underperforming peers like VMart and V2, and anticipates further valuation compression despite recent stock corrections.
Meanwhile, Goldman Sachs maintained a Neutral rating but cut its target price from Rs 5,600 to Rs 5,300, suggesting a 13% upside potential from Monday’s closing price.
On the NSE, Trent Ltd. shares fell 1.72% to Rs 4,590, the lowest since April 7, 2025, and were trading 2.06% down at Rs 4,679 by 9:37 a.m., compared to a 0.17% gain in the Nifty 50. The stock has slumped 37.19% over the past 12 months and 34.36% year-to-date. Total traded volume stood at 0.75 times the 30-day average, with the Relative Strength Index at 31.17.
According to Bloomberg data, out of 26 analysts tracking the stock, 16 recommend ‘buy’, five suggest ‘hold’, and five advise ‘sell’. The average 12-month consensus price target indicates a 27% upside.