Citi rates Trent stock Sell with INR 2,950 target

Published on 10/13/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target is INR 2,950 for Trent stock. Second-quarter revenue rose 23.00 percent to INR 57.88 billion, and Zudio reached 1,000 stores.

Citi rates Trent stock Sell with an INR 2,950 target after the retailer's September-quarter update.
Standalone revenue rose 23.00 percent to INR 57.88 billion in the second quarter of fiscal 2026-27.
Zudio reached 1,000 stores and Trent's total retail portfolio reached 1,342 stores by September 30, 2026.

Trent, INE849A01020, Illustration mit AI erstellt.

Trent stock entered the next results phase with Citi's Sell rating and an INR 2,950 price target, while the retailer's standalone revenue rose 23.00 percent year over year to INR 57.88 billion in the second quarter of fiscal 2026-27. CNBC TV18 reported the figures on October 6, 2026, citing the company's exchange filing and the brokerage view.

Three quarters show faster growth

Arthneeti reported standalone revenue of INR 49.37 billion for the fourth quarter of fiscal 2025-26, up 20.00 percent year over year. The comparison establishes a rising growth rate into the September quarter, where revenue growth reached 23.00 percent.

For the first quarter of fiscal 2026-27, Trent reported revenue of INR 56.66 billion, up 19.00 percent year over year, according to CNBC TV18. The second-quarter figure therefore accelerated by 4.00 percentage points from the June quarter.

What does store growth mean?

The expansion is substantial in physical retail: Trent opened 17 Zudio stores and 10 Westside stores during the second quarter, taking the overall portfolio to 1,342 stores by September 30, 2026. Zudio also crossed 1,000 locations during the quarter, according to NDTV Profit.

The counter-factor is productivity. CNBC TV18 reported that average revenue per square foot declined 8.40 percent year over year, while competition, cannibalization and input-cost inflation remained cited risks. That tension explains the split between Citi's Sell view and the broader analyst distribution of 22 Buy, five Hold and two Sell ratings.

Results date sets the next test

The next scheduled event is the October 29, 2026 board meeting to consider unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026, as reported by NDTV Profit. The release will show whether the 23.00 percent revenue pace translated into stronger store productivity and margins.