Trent Share Price Target 2026: Global brokerage firm Goldman Sachs has given its take on the Tata Group’s flagship company, Trent, maintaining a Neutral rating on the stock and marginally lowering its price target by 1 per cent.
Trent is a retail company focused on fashion, lifestyle, and grocery. It manages flagship brands such as Westside, Zudio, Star, and several others.
The brokerage highlighted the company’s strong revenue growth outlook but also noted that growth from stores is expected to remain limited, maintaining a cautious tone.
Brokerage on Trent
Here’s what Goldman Sachs has to say about Tata Group’s Trent Ltd:
Goldman Sachs has reiterated its Neutral rating on Trent, setting a target price of Rs 4,080, slightly lower than its previous estimate of Rs 4,110. Despite this minor revision, the brokerage sees a potential upside of 15.5 per cent from the current price.
For the fourth quarter of FY26, Goldman Sachs expects revenue growth of approximately 18 per cent year-on-year, up from around 16 per cent growth reported in the third quarter. This improvement is projected to be supported by modest like-for-like (LFL) growth of about 3–4 per cent, aided by improving industry demand and a favourable base.
However, store-led growth is anticipated to moderate sequentially, declining by roughly 200 basis points quarter-on-quarter. This slowdown is attributed to normalisation in adjusted store additions, partly impacted by overlap from Zudio’s expansion.
On the profitability front, operating leverage is expected to weaken. Costs are likely to rise in line with ongoing store expansion, which could result in an estimated 9 per cent year-on-year decline in EBIT.
Margins may also face downside risks due to raw material inflation.
Goldman Sachs noted that its earnings per share (EPS) estimates for FY27–28 remain materially below consensus expectations.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
