Shares of Tata Group's retail major Trent experienced a decline of over 4 per cent, reaching a day's low of Rs 5,152 after the company released its quarterly numbers just before market close on Wednesday, April 30, 2025. Earlier in the session, the stock had shown a positive start. At approximately 9:43 am, the shares traded weak, down by 3.6 per cent or Rs 193.9, at Rs 5,186.5 apiece on the BSE.

For the March quarter of the fiscal year ending 2024-25, Trent's standalone net profit decreased to Rs 350 crore, although it surpassed estimates of Rs 330 crore. In the year-ago period, the retail arm of the Tata Group had reported a net profit of Rs 654 crore, which included an exceptional gain of Rs 543 crore due to the reassessment of lease terms. However, standalone revenue from operations increased from Rs 3,187 crore in Q4FY24 to Rs 4,106.1 crore during the reviewed quarter, reflecting a 29 per cent year-on-year growth. Zee Business research had anticipated Trent to outperform the industry in revenue growth, estimating it at Rs 4,344 crore.

Brokerages have shared their perspectives on Trent following the Q4 performance. Morgan Stanley maintained an 'overweight' rating on the stock, setting a target of Rs 6,359, suggesting an 18 per cent gain from the last close. The brokerage noted that like-for-like (LFL) growth in the fashion segment was in the mid-single digits and indicated that more-than-expected gross margin compression implies some inventory write-offs. Nevertheless, EBITDA margin showed some beat. It also acknowledged that the profitability miss was about 17 per cent due to losses from associates.

Citi has given the most bullish target for the stock at Rs 7,600, implying a potential gain of 41 per cent, with a 'buy' call. Other brokerage ratings include:

• Jefferies: Hold, target Rs 5900
• Goldman Sachs: Buy, target Rs 6970
• Citi: Buy, target Rs 7600
• Bernstein: Outperform, target Rs 6500
• Macquarie: Outperform, target Rs 7200
• Morgan Stanley: Overweight, target Rs 6359