Goldman Sachs has maintained a Neutral rating on Trent, while trimming its target price by about 0.7 per cent to Rs 4,080 from Rs 4,110. The brokerage expects revenue growth to improve to around 18 per cent year-on-year in 4QFY26, up from 16 per cent in the previous quarter, supported by modest like‑for‑like growth and a favourable base.
However, moderation in store-led expansion, rising costs, and raw material inflation are expected to weigh on operating leverage, with EBIT projected to decline year-on-year and FY27–28 earnings estimates coming in below consensus.
The Tata Group company reported a three percent year-on-year increase in consolidated profit after tax attributable to owners, which came in at Rs 513 crore for the third quarter, compared with Rs 497 crore in the same period last year.
Trent’s revenue from operations also saw healthy expansion during the quarter. The company clocked revenue of Rs 5345 crore in Q3FY26, registering a 15 per cent jump from Rs 4657 crore reported in the corresponding quarter of the previous financial year.
Trent Q3 Highlights (Standalone, YoY)
(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.)
