Tata Group company Trent Ltd, which owns Zudio and Westside, saw its shares fall by over 6.5% in early trade on November 10. The fall came after the company announced its Q2 FY26 results, showing slower revenue growth. Several brokerages also reduced their target prices for the stock.
During Monday’s morning trade, Trent shares hit a 52-week low of ₹4,326.5. The company had released its quarterly results after market hours on Friday.
Trent Q2 Results
Trent reported a net profit of ₹451 crore for the second quarter of FY26, up 6.45% from ₹423.44 crore in the same period last year.
Revenue from operations grew 17% year-on-year to ₹4,724 crore, compared to ₹4,036 crore last year. However, this is the slowest growth rate since March 2021, according to reports.
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Morgan Stanley’s View
Global brokerage Morgan Stanley maintained an ‘Overweight’ rating on Trent, setting a target price of ₹5,456 per share, suggesting an 18% upside from the last closing price.
It noted that fashion sales grew only slightly, with unseasonal rains and weak consumer sentiment affecting demand. Customers were more focused on big-ticket purchases after GST rate cuts.
Trent Share Performance
- Shares are down over 7% in the last five days
- Down more than 20% in the last six months
- Fallen about 38% in 2025 so far
Currently, Trent’s price-to-earnings (P/E) ratio is around 108.