Stories
Trent Shares Surge 9% on Strong Q2 Revenue Growth Despite Citi's Sell Rating
- •Trent shares jumped up to 9% following a multi-quarter high revenue growth of 23% year-on-year for the July-September period.
- •The company achieved a milestone by opening its 1,000th Zudio store, alongside expanding its Westside and Zudio footprints during the quarter.
- •Brokerage firm Citi maintained a sell rating on Trent with a price target of 2,950 rupees, citing concerns over weak revenue per square feet trends and increasing competition.
- •Despite Citi's caution, 22 out of 29 analysts covering the stock maintain a buy rating with an estimated upside potential of 33% from current levels.
Key Questions Answered
Trent Ltd. shares surged by as much as 9% on Tuesday, October 6, 2026, following a quarterly business update that reported a year-on-year revenue growth of 23% for the July-September period. This marked a multi-quarter high and only the second instance in at least six quarters that topline growth exceeded 20%.
Brokerage firm Citi maintains a "sell" rating on Trent with a price target of ₹2,950, which is the lowest on the street. Citi remains cautious due to a weak revenue per square feet trend, increasing competition, cannibalization impacts, and margin risks from input cost inflation.
During the July-September quarter, Trent reached a milestone by opening its 1,000th Zudio store. The company added a total of 10 Westside stores and 17 Zudio stores during the period.
