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Trent Shares Today: Shares of Tata Group’s retail arm Trent Ltd. slipped as much as 4 per cent on Tuesday, extending losses from Monday after the company released its Q2 FY26 business update. The stock traded down 2.3 per cent to Rs 4,705 on the NSE, hitting an intraday low of Rs 4,689.60. Currently, Trent shares are 3.6 per cent lower at Rs 4,606.

Trent reported a 17 per cent year-on-year rise in standalone revenue to Rs 5,002 crore, up from Rs 4,260 crore in the same quarter last year. For the first half of FY26, revenue increased 19 per cent to Rs 10,063 crore from Rs 8,488 crore, reflecting steady consumer traction across Westside and Zudio formats.

The growth, however, fell short of Morgan Stanley’s estimate of 25 per cent, signaling a moderation in momentum compared with previous quarters.

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During the quarter, Trent added 53 new stores, including 13 Westside and 40 Zudio outlets. Morgan Stanley highlighted that Westside achieved its highest net store additions in five years. As of September 30, Trent’s retail portfolio included 261 Westside stores, 806 Zudio stores (including three in the UAE), and 34 outlets across other lifestyle concepts.

In Q1 FY26, Trent posted net profit of Rs 424.7 crore, up 8.5 per cent year-on-year, and EBITDA of Rs 848 crore, up 38 per cent. Margins expanded to 17.3 per cent from 15 per cent, reflecting operational resilience despite slower revenue growth in Q2.

Morgan Stanley maintained an overweight rating on Trent with a target price of Rs 6,359, noting that despite the Q2 revenue miss, store expansion, strong retail network, and brand strength support medium-term growth prospects. The brokerage sees long-term potential, but highlighted that near-term revenue moderation may affect short-term trading.

Market expert Anil Singhvi advised a cautious approach for Trent futures following the weak quarterly report. He suggested a sell strategy with a stop loss at Rs 4,860 and target levels at Rs 4,780, 4,740, and 4,710, reflecting short-term profit-taking sentiment among traders.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.