Trent Share Price Target: Wealth management firm Nuvama has reiterated its BUY rating on Tata Group retail major Trent, projecting a target price of Rs 4,828, implying an upside potential of around 16 per cent from current levels.

At around 10:30 am, Trent shares were trading nearly unchanged at Rs 4,158.70. (Trent Share Price)

Noel Tata Confident Trent

The bullish view comes after Chairman Noel N Tata stated that despite its rapid expansion in recent years, Trent remains in the early stages of its growth journey. He expressed confidence that the retailer would achieve its ambitious goal of becoming 10 times larger in revenue terms in the "not-so-distant future."

"Since then, the revenue and profitability run rate have grown by over 2.5 times. Given all this, I am confident that we will reach the milestone I had referenced in the not-so-distant future," Noel Tata said.

Trent Share Price Target 2026

Following Noel Tata's reaffirmation of Trent's ambition to achieve a 10x increase in revenue, Nuvama reiterated its positive stance on the stock. The brokerage sees Trent shares rising to Rs 4,828, representing an upside of nearly 16 per cent from current levels.

Trent Stock Outlook

Nuvama highlighted Trent's continued execution of its multi-format retail strategy in FY26, backed by sustained investments in digital capabilities and supply-chain infrastructure.

The brokerage also pointed to Trent's strong operational metrics. The company delivered a return on capital employed (RoCE) of around 38 per cent, while inventory turnover improved to 4.8x from 4.6x a year ago, reflecting enhanced efficiency.

According to Nuvama, expansion into newer markets could help offset softer like-for-like (LFL) sales growth trends going forward. Softer LFL growth typically indicates slower demand momentum or weaker comparable-store sales performance.

Meanwhile, Trent's grocery business Star had a relatively subdued year as the company focused on optimising its store network and strengthening operational efficiencies.

Trent Q4 Results

On the financial front, Trent reported a 30 per cent year-on-year rise in net profit to Rs 455 crore for the quarter ended March 31, 2026. Standalone revenue increased to Rs 4,936.6 crore, compared with Rs 4,106.1 crore in the corresponding quarter last year, while operating EBITDA rose 43 per cent YoY to Rs 668 crore.

The company also announced a final dividend of Rs 6 per share for FY26 and approved a 1:2 bonus issue, under which shareholders will receive one bonus equity share of Re 1 each for every two fully paid-up equity shares held.