Trent share price: 31% off high, key targets 2026

Trent shares extend correction from highs

Shares of Tata Group retail company Trent have seen a sharp pullback from their recent peaks, with the stock reported to be down about 31 percent to 32 percent from its 52-week high. The move has kept Trent in focus because the stock had rallied strongly over the past few years, and valuations had remained elevated for much of that period.

In one trading update cited, Trent ended nearly flat at ₹4,299.10 versus a previous close of ₹4,295.75, with the company’s market capitalisation at about ₹152,000 crore. In another market snapshot, Trent was quoted around ₹4,324 (down 2.5 percent) versus a previous close of ₹4,434.50, while the market capitalisation was cited at about ₹153,000 crore.

Key price markers investors are tracking

The correction is being measured against multiple reference points that appeared in different reports:

• 52-week high was cited around ₹6,259 to ₹6,261, touched on June 30, 2025.
• A separate reference point noted the stock had fallen 46 percent from a record high of ₹7,490 reached on January 3, 2025.
• Another data point mentioned an all-time high of ₹8,345.85 on October 14, 2024.

On the downside, the stock has also been linked to multiple “low” markers in different sessions, including ₹3,276 (52-week low on March 30, 2026), a 52-week low of ₹3,931 in a previous session, and an intraday low of ₹4,165.05 on the BSE in another session.

Why the stock has fallen: valuations and macro headwinds

The decline has been attributed to a mix of high valuations and macroeconomic headwinds that have weighed on retail growth over the year. One report also noted the scrip was down 41 percent over the past one year, highlighting that the correction has not been limited to a single session.

A separate note flagged a short-term run-up in the stock price before a subsequent fall. According to MOFSL, the stock had gained 9 percent since December 19 on expectations of a pick-up in revenue growth, and a weaker-than-expected number could pressure the recovery and keep the risk of earnings downgrades elevated in the near term.

Technical indicators mentioned across updates

The technical picture in the provided updates is mixed and reflects different time windows:

• One snapshot said the stock was trading above the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day moving averages.
• It also cited RSI at 61, indicating the stock was neither oversold nor overbought.
• Another update described the stock as oversold, citing RSI at 27, and connected that to a period where selling pressure appeared heavier than buying.

These indicators point to how quickly market positioning and momentum readings can change across sessions during a high-volatility correction.

Q4FY26 results: profit, revenue, margins

Trent’s latest reported quarterly numbers in the provided text were for Q4FY26. The company reported:

• Consolidated net profit of ₹413.1 crore, up 32.57 percent YoY from ₹311.6 crore.
• Revenue from operations of ₹5,027.99 crore, up 19.23 percent YoY from ₹4,216.94 crore.
• EBITDA up 44 percent YoY to ₹5,028 crore for the January-March quarter of FY26, as stated in the text.
• Operating EBIT margin of 11.5 percent versus 9.7 percent in the March FY25 quarter.

The reported margin improvement, alongside profit growth, is one reason multiple brokerages have continued to publish targets even as they cut estimates or revised assumptions.

H1FY26 snapshot: revenue growth, margins and adjusted PAT

For H1FY26 (April to September), the company’s consolidated performance in the text included:

• Consolidated revenue of ₹9,505.3 crore, up 18.4 percent YoY.
• Gross margins of 44.2 percent, down 97 basis points YoY.
• EBITDA margin of 17.4 percent, up 178 basis points YoY.
• EBITDA of ₹1,651 crore, up 32 percent YoY.
• Adjusted PAT of ₹873.4 crore, up 14 percent YoY.

Analysts linked the topline moderation to a muted demand environment, newer store additions, and expansion into Tier 2 and Tier 3 towns where growth was described as tepid compared to other areas.

Broker views: targets, upgrades, and estimate cuts

Brokerage commentary in the text spans supportive calls, target cuts, and rating changes:

• MOSL maintained a target of ₹5,250 and cited about 24 percent upside to the then-current price, while pointing to easing sales decline in cannibalised stores and the scope for gradual LFL recovery.
• MOSL also expected a CAGR of 21 percent (standalone revenue) / 22 percent (pre-Ind AS EBITDA) / 11 percent (adjusted PAT) over FY26-28E, and built in 35-40 Westside store additions annually.
• Antique cut its EBITDA estimates by 3-6 percent for FY27 and FY28, maintained a positive stance, and revised its target to ₹5,700 from ₹6,650.
• HDFC Institutional Equities upgraded Trent to ADD with a target of ₹4,700, noting that after a near 50 percent peak-to-trough correction, the risk-reward may have improved.
• Bernstein maintained an Outperform rating, cut its target to ₹5,000, and projected 19 percent growth in FY26 and a 20 percent CAGR for FY26-FY28.
• Geojit had a Hold rating with a target of ₹4,640, and linked medium-term support to the festive season and omnichannel adoption.
• ICICI Securities reduced earnings estimates for FY26 and FY27 by 5 percent and 10 percent, respectively, retained a Buy rating, and gave a target of ₹5,255. Another target of ₹6,000 was also cited alongside a Buy rating in the provided text.
• In a separate earnings-preview snippet, MOFSL was also listed with a Buy and a target of ₹6,600, while Kotak Institutional Equities was listed with a Reduce and a target of ₹5,300.

What the correction means for investors and market participants

The updates also pointed to the impact on smaller investors. One report estimated that small investors took a notional hit of about ₹1,676 crore on their holdings in a session, compared with a ₹22,470 crore valuation at Monday’s close.

The broader market context was also weak in one snapshot, with the Nifty50 at 24,207.85, down 170.25 points (0.70 percent) at the time.

Summary table: prices, fundamentals, and broker targets

Market impact and why this matters

For the market, Trent’s decline is a reminder that high-multiple consumer and retail stocks can correct sharply when growth expectations cool, especially during broader risk-off sessions. At the same time, the reported quarterly profit and margin improvement show why brokerages are still debating the balance between near-term moderation in growth and medium-term store expansion.

The set of targets also highlights a wide range of expectations, from more cautious levels around the current price to optimistic targets above ₹5,000, reflecting uncertainty on near-term demand and the pace of like-for-like recovery.

Conclusion

Trent shares remain in a correction phase from multiple highs cited across the updates, even as the company reported YoY growth in Q4FY26 profit and revenue and an improvement in operating margin. Brokerages have responded with a mix of target cuts, upgrades, and revised estimates, keeping the focus on store expansion, LFL recovery, and the demand environment. Investors will likely continue to track upcoming earnings commentary and any evidence of sustained growth recovery in subsequent quarters.