Trent, the fashion and retail arm of the Tata Group, has witnessed a notable decline in its share price, plummeting over 32% in 2025. However, several investment firms remain optimistic about its future. Notable names like Goldman Sachs, Macquarie, and Motilal Oswal are backing the stock, predicting significant rebounds and growth potential.
Goldman Sachs’ Positive Outlook
Goldman Sachs has provided a glowing endorsement for Trent, assigning a Buy rating with an ambitious target price of Rs 8,120 per share. This projection suggests a 45% upside from the current trading levels. The firm emphasizes the rapid expansion of Zudio store locations anticipated in FY25, viewing this as a major growth driver for Trent. According to Goldman Sachs, the company’s strong performance in the value segment and its potential for long-term growth make it an attractive option for investors.
Macquarie’s Bullish Assessment
Following suit, Macquarie has initiated coverage on Trent with an Outperform rating, dubbing it a “Showstopper.” They predict a 29% increase in the stock’s value within the next year, setting a target price of Rs 7,000. Macquarie highlights Trent’s leadership in the Asian fashion retail market, attributing this to its efficient supply chain and innovative design capabilities. The combination of owned and franchisee store models positions Trent to achieve remarkable industry metrics, along with vast growth opportunities within the Indian market.
Axis Securities and Motilal Oswal Weigh In
Axis Securities has noted that Trent’s recent performance surge is linked to its milestone of surpassing 1,000 large-format fashion stores, which include 248 Westside and 757 Zudio outlets. Meanwhile, Motilal Oswal maintains a Buy rating with a target price of Rs 6,800, indicating a potential 22% upside from its current market price of Rs 5,563. Although Motilal Oswal observed a slowdown in Trent’s growth to 28% year-on-year in Q4 FY25, down from 36% in the previous quarter, they remain confident in the company’s aggressive expansion plans.
Key Takeaways
- Goldman Sachs: Buy rating, target price Rs 8,120 (+45% potential).
- Macquarie: Outperform rating, target price Rs 7,000 (+29% potential).
- Axis Securities: Growth driven by reaching 1,000 large-format stores.
- Motilal Oswal: Buy rating, target price Rs 6,800 (+22% potential).
With these insights and projections from leading brokerages, Trent appears poised for potential recovery and growth, making it a compelling option for investors looking to tap into the Indian retail market’s dynamic landscape.
