Trent Share Value: Shares of Tata Group’s retail arm Trent Ltd fell over 6 per cent on Monday after the corporate reported its September quarter outcomes. At round 9:25 AM, The inventory was buying and selling at Rs 4,379.70, down Rs 247.60 or 5.35 per cent from the earlier shut on the NSE.
Trent Q2 Outcomes FY26
For the quarter ended September 2025, Trent reported an 11.4 per cent rise in consolidated internet revenue to Rs 373.42 crore, in comparison with Rs 335.06 crore in the identical interval final yr.
Income from operations grew 15.9 per cent year-on-year to Rs 4,817.68 crore, supported by continued growth of its key retail codecs — Westside, Zudio, and Star.
Complete bills rose 16.7 per cent to Rs 4,367.15 crore, whereas consolidated earnings elevated 15.3 per cent to Rs 4,845.23 crore.
Within the first half of FY26, Trent’s complete consolidated earnings was up 17 per cent to Rs 9,769.30 crore.
Brokerages reduce targets
Brokerages turned cautious after the Q2 outcomes, citing moderation in progress and near-term margin challenges.
– Citi downgraded the inventory to Promote with a goal of Rs 4,350 (earlier Rs 7,150), pointing to slower consumption and growing competitors.
– Morgan Stanley maintained an Chubby ranking with a revised goal of Rs 5,456, noting that income and EBITDA progress got here in under estimates.
– Goldman Sachs stored a Impartial stance with a goal of Rs 4,920, highlighting weaker EBIT progress and delicate like-for-like efficiency.
– Jefferies retained a Maintain name with a goal of Rs 5,000, saying progress momentum has slowed.
– Macquarie and Bernstein remained optimistic with Outperform scores and targets of Rs 7,000 and Rs 6,100, respectively, citing confidence in Trent’s long-term growth technique.
Demand weak point and value strain
Brokerages stated unseasonal rains and muted shopper sentiment weighed on demand in the course of the quarter. Administration famous that clients targeted on higher-ticket purchases after GST price reductions, which affected gross sales within the style section.
Regardless of some help from decrease worker and occupancy prices, total working margins remained beneath strain on account of rising bills and weak demand circumstances.
