Shares of Trent Ltd, the retail arm of the Tata Group, have delivered spectacular multibagger returns over the last five years, surging over 1,000% during this period. The stock rose from Rs 465.45 on May 7, 2020, to hit Rs 5,295.95 in recent trading, marking an astounding 1050% gain. Over the last two years alone, the stock has appreciated by 272%.
During the latest session, the stock climbed 1.33%, reaching an intraday high of Rs 5,314.45 on the BSE, with a total of 8,744 shares changing hands, leading to a turnover of Rs 4.60 crore. Trent’s market capitalization now stands at a whopping Rs 1.88 lakh crore.
However, it hasn’t been all smooth sailing in 2025. The stock has corrected 16% over the past six months and is down 25% year-to-date, following its record high of Rs 8,384.85 on October 14, 2024. It also hit a 52-week low of Rs 4,197.50 on June 4, 2024 — a 36.51% drop from its peak.
From a technical standpoint, Trent’s Relative Strength Index (RSI) currently sits at 50.7, suggesting the stock is trading in a neutral zone — neither overbought nor oversold. While the stock is trading above its 10, 20, 30, and 50-day moving averages, it remains below the 100, 150, and 200-day averages, showing signs of medium-term weakness.
In the March 2025 quarter, the company reported a decline in net profit to Rs 311.60 crore, down from Rs 712.09 crore in the same quarter last year. However, revenue from operations saw a strong 27.87% year-on-year jump, rising to Rs 4,216.94 crore from Rs 3,297.70 crore. Total expenses also increased by 26.05%, reaching Rs 3,874.43 crore. Despite the profit dip, the board has recommended a dividend of Rs 5 per share.
In terms of analyst commentary, Axis Securities has revised its target price from Rs 7,100 to Rs 6,650, citing the recent correction as a more attractive entry point. The brokerage maintains a BUY rating, forecasting 29% revenue CAGR and 31% EBITDA CAGR over FY24–27E.
Meanwhile, Kotak Equities has taken a more cautious stance, assigning a reduced target price of Rs 5,250 (down from Rs 5,150), citing expensive valuations. The firm has trimmed FY26–27E revenue and EPS projections slightly and maintains a REDUCE rating.
On a more optimistic note, Antique Broking projects strong growth with 32% sales, 33% EBITDA, and 36% PAT CAGR over FY25–27E, driven by the aggressive expansion of Westside and Zudio. They have slightly trimmed their target to Rs 6,646 (previously Rs 6,801) but retain their BUY recommendation based on FY27E SOTP valuation.
While short-term volatility remains, analysts see strong long-term potential in Trent’s robust retail expansion and growth strategy.
