It will first hold a meeting with North Rock Capital on March 18, 2025, followed by another meeting with Goldman Sachs on March 19, 2025. These meetings come at a time when the retail sector is undergoing significant transformation and investors are keen to understand Trent’s strategic direction, particularly in light of recent market trends and competitive pressures.
While the specific topics of discussion were not disclosed, the company stated that no unpublished price-sensitive information would be shared during the meetings, adhering to the Securities and Exchange Board of India (SEBI) regulations.
Earlier this week, brokerage firm Kotak Institutional Equities gave a ‘reduce’ rating on Trent, with a price target of ₹5,150 per share. The brokerage wrote in its note that Trent’s stock was volatile last week over the news of aggressive store additions of Westside, which was subsequently disproved.
Westside’s updated store count now stands at 240, implying a net addition of eight stores on a year-to-date basis.
Kotak said that it continues to see pressure on Trent’s revenue throughput on account of its own densely located newer stores of Westside and Zudio.
The brokerage assumes a flat revenue throughput for Zudio and has trimmed revenue throughput for Westside, resulting in a 1-5% earnings per share cut for FY26-27.
Trent remains the worst performing stock on the Nifty 50 index so far in 2025, but now jointly shares the top position among the losers with IndusInd Bank
Trent shares were trading flat at ₹5,016.35 apiece at 12.10 pm on Thursday, March 13. It has declined 29% this year, so far. However, the stock has gained 27% in the past year.
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First Published: Mar 13, 2025 12:14 PM IST
