Trent Shares Climb On Store Expansion, Company Revises Numbers

Shares of Tata Group's retail arm Trent Ltd surged by over 6.40% on Tuesday following reports of significant store expansions. The initial data on Westside's store locator website indicated a robust addition of Westside stores in Q4, bringing the total to 269 stores. However, the company later revised this figure to 240, reflecting an increase of just two stores compared to 238 stores as of December 2024.

The discrepancy in the reported numbers caused some confusion among investors. Despite the revision, the market responded positively to the overall growth trajectory of Trent's retail operations. The Zudio brand, known for its affordable fashion offerings, reported a total of 672 stores, implying the addition of 37 stores in Q4.

Trent Ltd operates several retail formats, including Westside, Zudio, and Star Bazaar. Westside is a popular fashion retail chain offering a wide range of apparel, footwear, and accessories. Zudio focuses on providing trendy fashion at affordable prices, catering to a younger demographic. Star Bazaar, on the other hand, is a hypermarket chain offering groceries, household items, and more.

The scrip rose as much as 6.40% to Rs 5,320 apiece. It pared gains to trade 1.97% higher at Rs 5,098.20 apiece, as of 3:11 p.m. This compares to a 1.13% advance in the NSE Nifty 50 Index.

It has risen 32.34% in the last 12 months. Total traded volume so far in the day stood at 1.5 times its 30-day average. The relative strength index was at 42.

Out of 22 analysts tracking the company, 15 maintain a 'buy' rating, three recommend a 'hold,' and four suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 24.3%.