TRENT

** Trent TREN.NS slips 9.4% so far this week; marks worst weekly performance since April 2025

** Stock worst performer on Nifty 50 index .NSEI, which is down 2.4% so far this week

** TREN rises 0.2% to 3,995 rupees

** Earlier in the week, co posted flat standalone revenue growth vs last quarter, missing analysts expectations

** Growth trends look to be moderating, Antique Stock Broking analysts say

** Stock rated "hold" on avg; median PT is 5,194 rupees, per data compiled by LSEG

** In 2025, TREN lost 40%

(Reporting by Komal Salecha)

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** Shares of Trent TREN.NS drop nearly 8% at open to 4,085 rupees

** Apparel retailer's standalone rev grew 17% y/y in Q3; growth unchanged sequentially

** Antique Stock Broking flags moderating growth on high base, unfavourable demand

** Cuts PT to 5,700 rupees from 6,650 rupees; keeps "buy" on optimism co can steer high competition on a medium-to-long term basis

** Morgan Stanley ("overweight"; 5,456 rupees) says growth in line, estimates 18% y/y rise

** Trent's rev growth beats Citi 15.3% rise view

** Higher store additions drive rev; cautious due to competition, weak rev per sq ft trend - Citi ("sell"; 4,350 rupees)

** Stock rated, on avg, "hold" by 24 analysts; median PT 5194.50 rupees - LSEG data

** Stock fell about 40% last year

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 5 (Reuters) - Indian clothing retailer Trent TREN.NS said on Monday its third-quarter standalone revenue rose 17% from a year ago.

(Reporting by Komal Salecha in Bengaluru; Editing by Shailesh Kuber)

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** India's Trent TREN.NS drops 2.3% to 4,668.50 rupees

** Stock dropped as much as 2% on Monday after the Zudio and Westside parent posted its slowest quarterly revenue growth in more than four years

** Morgan Stanley analysts describe the quarterly update as a "notable miss"

** ICICI Direct says TREN witnesses "yet another" quarter of revenue growth moderation hurt by competition in fast fashion space

** Avg rating of 22 analysts on TREN is "buy"; median PT is 6,002.50 rupees - data compiled by LSEG

** YTD, stock down 34.3%

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Tata-owned retailer Trent TREN.NS, which houses fashion labels such as Zudio and Westside, rise as much as 3.69%, their biggest intraday gain since August 18, to 4,849.9 rupees

** Around 130,000 shares traded in four block deals at a premium of 1.8% to 3.2% over Tuesday's close

** More than 1.1 million shares traded, 1.2 times more than their 30-day average

** Shares down 32% YTD

(Reporting by Urvi Dugar)

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By Dhwani Pandya and Manvi Pant

Sept 16 (Reuters) - Indian retailer Aditya Birla Fashion and Retail ADIA.NS launched affordable fashion brand "OWND!" on Tuesday, aimed at capturing Gen Z shoppers in a move that pitches it against Trent's TREN.NS fast-growing budget apparel chain Zudio.

The brands focus on young adults who regularly shop for trendy yet affordable styles.

The push pits Aditya Birla Fashion's "OWND!" brand directly against Zudio, which has yielded a compounded annual revenue growth rate of more than 35% in the past five years for Trent.

Sangeeta Tanwani, chief executive at Aditya Birla Group's Pantaloons, told Reuters in an interview that the products under the brand would largely be sold at prices below 1,200 rupees ($13.63) and the company was looking to open about 400 outlets in the next three to five years.

Global giants including Sweden's H&M have expanded their basics range and lowered price points in India. Japan's Uniqlo is rolling out compact stores and value-focused assortments as well.

Aditya Birla Fashion said it plans to convert its existing "StyleUp" stores, currently operational at about 49 locations around the country, into OWND! stores.

"By the end of the financial year, we will have about 100 stores," Tanwani said.

Aditya Birla Fashion's current portfolio includes international brands such as Louis Philippe and Van Heusen as well as Indian luxury designer brands such as Sabyasachi and Tarun Tahiliani.

Its lifestyle brands contributed to about 87% of the company's revenue in the last quarter of financial year 2025, reporting a 5% year-on-year rise.

($1 = 88.0660 Indian rupees)

(Reporting by Dhwani Pandya and Manvi Pant; Editing by Pooja Desai)

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Aug 11 (Reuters) - Trent Ltd TREN.NS:

• TRENT LTD - LAUNCHES NEW FASHION BRAND BURNT TOAST IN BANGALORE

Source text: ID:nBSE2CgPpc

Further company coverage: TREN.NS

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Aug 7 (Reuters) - ** Indian apparel retailer Trent TREN.NS posted its slowest profit growth in at least 10 quarters on Wednesday, as muted urban demand and early monsoons hit in-store shopping

** Shares trading flat in broader weak market .BO

BEAT DRIVEN BY LOW COSTS BUT GROWTH CONCERNS PERSIST

** Macquarie ("outperform," PT: 7,200 rupees) says lower employee costs supported Q1 EBITDA but slower ramp up in new stores, especially in newer cities across tier 1 and tier 2 markets is concerning

** Goldman Sachs ("neutral," PT: 5,600 rupees) says Q1 beat was led by lower operating expenses but like-for-like sales growth moderated to low single pct, with contribution to sales growth from new stores also moderating

** Jefferies ("hold," PT: 6,000 rupees) says margins surprised positively despite softer revenue

** Brokerage flags drop in employee costs is "difficult to understand" due to lack of adequate disclosures

(Reporting by Kashish Tandon in Bengaluru)

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Aug 6 (Reuters) - Trent Ltd TREN.NS:

• TRENT Q1 CONSOL NET PROFIT 4.25 BILLION RUPEES

• TRENT Q1 CONSOL REVENUE FROM OPERATIONS 48.83 BILLION RUPEES

Source text: [ID:]

Further company coverage: TREN.NS

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** Indian fashion retailer Trent TREN.NS falls 3.4% to a two-month low of 5,176 rupees

** TREN down ~17% so far in July, on course for its third-worst month in a decade

** Goldman Sachs downgrades stock to "neutral" from "buy", reduces PT to 5,500 rupees from 6,970 rupees, as per multiple news reports

** Says pace of market share gains could be slower than anticipated amid cannibalization concerns

** Tata group company earlier said that growth in Q1 is expected to be underwhelming

** Analysts on avg recommend “buy” on TREN; median PT 6,151.5 rupees, as per data compiled by LSEG

** YTD, TREN down ~27%, biggest loser among Nifty 50 .NSEI stocks

(Reporting by Vivek Kumar M)

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** Shares of Indian fashion retailer Trent <TREN.NS> fall 7.5% to 5,720 rupees apiece, worst intra-day pct. fall since April 7

** Stock top loser on Nifty 50 index TREN.NS, which is mostly flat

** Co at its annual general meeting on Thursday said it expects growth in fashion segment at ~20% in Q1FY26

** The outlook is sharply down from its five-year CAGR of 35% (FY20–25), Nuvama said in a note, downgrading stock to "hold" from "buy" and cut PT to 5,884 rupees from 6,627 rupees

** Brokerage cuts FY26E/27E revenue by 5%-6% and EBITDA by 9%-12%

** Growth trajectory for Q1FY26 seems to be underwhelming given the high expectations based on the past track record of growth - Nuvama

** Trent down 19% YTD, including session moves, vs 7.5% rise in Nifty 50 index

(Reporting by Sethuraman NR in Bengaluru)

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** India's Trent TREN.NS, Titan TITN.NS, Dabur DABU.NS are among companies that will benefit from reported indirect tax cut plan, says Goldman Sachs

** Broadcaster India Today reported, citing sources, that the government plans to cut 12% GST on certain items to 5% or eliminate the 12% tax slab altogether

** GST council did not immediately respond to Reuters' request for comment

** GST is the abbreviation for Goods and Services Tax, an indirect tax implemented in 2017

** 12% GST applies on apparel priced above 1,000 Indian rupees ($11.7), footwear priced below $11.7, confectionery, fruit drinks, jam, toothpowder and eyewear, among others - GS

** Brokerage also adds Bata India BATA.NS, Nestle India NEST.NS in beneficiary list

** Says reported tax cut plan could help improve consumer demand for branded products, potentially accelerating volume-led growth

** NEST up 0.5%, DABU rises 0.4%; TREN, TITN and BATA down 0.8%, 0.2% and 0.15% respectively

($1 = 85.6820 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of fashion retailer Trent TREN.NS rise 2% to 5,740.5 rupees apiece

** TREN is the second-highest pct gainer on Nifty 50 index .NSEI, which is down 0.25%

** Morgan Stanley reiterates "overweight" rating, expects TREN to achieve 10x FY23 revenue by FY32

** Says strong cash flows, improvement in return ratios and profitability augur well for future earnings growth

** Citi retains "buy" and notes growth opportunity for TREN in value retail segment

** Average rating of 21 analysts tracking TREN is "buy"; median PT is 6,224 rupees - data compiled by LSEG

** YTD - TREN down 21%, underperforming 4.8% rise in Nifty 50

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of fashion retailer Trent Ltd TREN.NS climbs 3.3% to 5,868 rupees

** Stock on track to snap four-day losing run; among top gainers on Nifty 50 .NSEI index

** TREN management tells Morgan Stanley it plans to add a brand or two that can scale

** Customers are willing to pay a premium for "aspirational" products

** Analysts tracking stock rate it "buy" on avg - data compiled by LSEG

** Morgan Stanley rates it "overweight"

** Stock trims YTD losses to ~20%, but remains biggest loser this year on Nifty 50

(Reporting by Nandan Mandayam in Bengaluru)

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** India's Bharat Electronics BAJE.NS and Trent TREN.NS gain 1% and 2.3%, respectively

** BAJE and TREN to replace IndusInd Bank INBK.NS and Nestle India NEST.NS on BSE Sensex BSESN, effective June 23, exchange operator said on Thursday

** Sensex inclusion to result in inflows worth $304 million for TREN and $354 million for BAJE, IIFL Securities estimates

** NEST and INBK to see outflows worth $220 million and $134 million on exclusion - IIFL

** INBK and NEST trading flat

(Reporting by Kashish Tandon in Bengaluru)

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** Trent TREN.NS plunges as much as 19.3% to 4,488 rupees; marks sharpest intraday pct loss since March 23, 2020

** Fashion retailer's Q4 rev rises 28% y/y, slowest since January-March 2021 when it faced pandemic-induced operational disruptions

** Antique Stock Broking says Q4 sales down 10% q/q, compared to 4.3% q/q in Q4 FY23 and 3.8% q/q in Q4 FY24

** Retains "buy", cuts TP to 6,801 rupees from 7,363 rupees

** Stock top loser on Nifty 50 index .NSEI, which is down 4% amid broader selloff over mounting concerns of trade war .BO

** YTD, TREN sheds 35.7%, overtakes IndusInd Bank INBK.NS (down 31.3%) as the worst-performing stock on NSEI

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of Trent TREN.NS rose 6.6% this week; fifth straight weekly gain

** Earlier this week, the fashion retailer had crossed a portfolio of more than 1,000 large box fashion stores, including 757 stores of its flagship brand Zudio, which are set to boost revenue

** Stock eyes best week since Feb. 3

** 19 analysts covering the stock on avg. have a "buy" rating; median PT is 6,245 rupees - LSEG data

** Stock shed 20.3% so far this year, vs a 3% drop in benchmark Nifty 50 index .NSEI

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Trent TREN.NS gains 4.6% to 5,572 rupees; second biggest gainer on Nifty 50 index .NSEI

** Fashion retailer crosses portfolio of more than 1,000 large box fashion stores, including 757 stores of its flagship brand Zudio, which are set to boost revenue

** Milestone represents an increase of more than 200 Zudio stores since Q4 FY24, in line with or exceeding what analysts expected

** Current store count implies more than 100 new Zudio store openings in Q4 FY25

** Stock set for biggest one-day pct gain in 2 months

** TREN is down 21.5% YTD over concerns of growth slowdown

(Reporting by Ananta Agarwal in Bengaluru)

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March 27 - ** Macquarie initiates coverage on Indian fashion retailer Trent TREN.NS with 'outperform', citing leading growth and returns

** Says Trent's 45% sales CAGR, steady margin expansion and a 3x return on capital employed (ROCE) expansion over FY23-25 among the best in Asia

** Macquarie sees current weakness in consumer sentiment as an attractive entry point for stock

** Trent's shares, up 1.5% at 5,402 rupees on the day, have fallen ~24% YTD

** Brokerage's PT of 7,000 rupees, implies a nearly 30% upside

** Sees scope for flagship brand Zudio's expansion, whose store count of ~700 trails Reliance's RELI.NS Trends, which exceeds 2,000

** Adds concerns over Shein's entry in India "overblown", as replicating its China cost advantage with an Indian supply chain would be difficult

(Reporting by Ananta Agarwal in Bengaluru)

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March 19 (Reuters) - Trent Ltd TREN.NS:

• BOOKER INDIA TO ACQUIRE 100% EQUITY OF TSSL FROM THPL

• DEAL WORTH 1.66 BILLION RUPEES

Source text: ID:nBSE3H0ZJH

Further company coverage: TREN.NS

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** Shares of retail stores operator Trent TREN.NS fall 3.6% to 4,819.2 rupees

** Stock among top pct losers on Nifty 50 index .NSEI, which is down 0.43%

** Kotak Institutional Securities cuts PT to 5,150 rupees from 5,550 rupees, maintains "reduce" rating

** Continue to see pressure on co's revenue on account of its densely-located newer Westside and Zudio stores, brokerage says

** Lowers its revenue estimates for Westside for FY2026-27, which it says will result in ~0.3%-1.0% rev cut for Trent

** Rev reduction affects margins, leading to a 1%-5% cut in EPS - Kotak

** Avg rating of 18 analysts is a 'buy;' their median PT is 6,123.5 rupees - LSEG

** TREN has shed 30% so far this year vs a 5% drop in Nifty 50

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Apparel retailer Trent TREN.NS set to be the top monthly loser in India's benchmark Nifty index .NSEI

** Stock on track to lose more than 11% in value in Feb

** TREN fell 8.2% on February 6, its biggest one day pct decline in 2 years, after posting its lowest qtrly revenue growth since March 2021

** Analysts have expressed concern that stores of the co's flagship brand Zudio are in locations too close to each other, leading to decline in same store sales growth y/y

** TREN closed lower in 13 out of 20 trading sessions in the month

** On the day, stock down 1.12% at 4750.5 rupees

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of clothing retailer Trent TREN.NS fall 1.3% to 5,675 rupees ahead of Q3 results

** Analysts expect TREN to report ~33% rise in Q3 revenue, its slowest pace of growth since March 2021 - LSEG data

** Analysts expect 23.7% rise in Q3 profit, slowest in six quarters

** Co's store expansion for popular Zudio brand has moderated, analysts said

** TREN likely to fall short of meeting its fiscal-year target of 200 Zudio store additions in a muted demand environment- analysts

** Shares of Trent have fallen about 19.2% YTD, after more than doubling in value in 2023 and 2024

** Stock rated 'buy' on avg by 18 analysts, avg PT of 6,750.6 rupees implies a ~18.3% upside to current price

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of Tata-owned Trent TREN.NS rise 2% to 5,865 rupees

** Shares of TREN slipped 6% on Tuesday after reports flagged concerns on the impact of re-launch of Shein India app by Reliance Retail, Goldman Sachs analysts said

** The brokerage says it would take several years of supply chain investments to see meaningful scale up of a value fast-fashion business

** Zudio still has potential to gain market share with a low competitive risk and the scale up of any new competitor likely to be gradual and not disruptive - Goldman Sachs

** Adds that unit economics of online-only value fashion retail is weak

** Goldman Sachs reiterates its "buy" rating on TREN with a PT of 8,300 rupees

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Kotak double downgrades apparel retailer Trent TREN.NS to "sell" from "add"

** After stock more than doubled in value in 2023 and 2024, TREN down ~13% so far in Jan

** Says future growth priced in and "may be time to book profits"

** Kotak's analysis of top 10 cities by store count for co's Zudio chain reveals stores are in similar locations and could cannibalize each other

** Adds, while co may still close year with ~180 store additions, incremental rev per store growth may be slow

** Trims FY2025-27E rev by 1%-2% and EPS by 9%-14%

** Lowers stock's fair value to 5,850 rupees from 6,800 rupees, 5.8% below last close

** Trent up 0.7% at 6,255 rupees on Friday

** Stock rated "buy" on avg, peer Aditya Birla Fashion and Retail ADIA.NS "sell", V-Mart Retail VMAR.NS "buy" - LSEG data

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of Tata Group-owned Trent TREN.NS rise 4.8% to 6,453.1 rupees, eyes best one-day pct gain since Oct. 8

** TREN top gainer on benchmark Nifty 50 index .NSEI, which is up 0.22%

** Elara Capital initiates coverage on TREN with "buy" rating, sets PT of 8,500 rupees ($98.30)

** Expects TREN brand Zudio to continue to be largest player in fast fashion and grow ahead of the industry - Elara

** Adds, differentiated product offerings, full reliance on private labels key pull for Zudio

** Estimates 27% revenue CAGR over FY24-FY28

** 18 analysts covering the stock on avg have a "buy" rating; median PT is 6,900 rupees - data compiled by LSEG

** Trent, which surged over two-fold in 2024, is set to report Q3 results in Feb

($1 = 86.4710 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Trent Ltd TREN.NS drop 4.3% to 6,300 rupees

** Fashion retailer and grocer down for 7th straight session, dropping 14% in that period, its longest losing run since May 2022

** Reuters could not immediately verify reason for day's move

** Stock biggest percentage loser on Nifty 50 .NSEI index that is down 0.9% currently and has dropped in five of last seven sessions

** Analysts expect TREN to report lower margins in Q3, with Jefferies highlighting moderation in demand environment

** TREN rated "buy" on avg by analysts tracking stock vs "hold" for Shoppers Stop SHOP.NS and "sell" for Aditya Birla Fashion ADIA.NS - data compiled by LSEG

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Trent Ltd TREN.NS are up 1.8% at 6,412 rupees

** More than 1.3 mln shares of the clothing retailer changed hands in block deals at a 2.75% premium on co's last closing price, NSE data shows

** Total value of the deals at 8.43 billion rupees ($99.9 million)

** Stock among top five gainers on the benchmark Nifty 50 index.NSEI, which is 0.1% up

** TREN has doubled so far in 2024

($1 = 84.4200 Indian rupees)

(Reporting by Nishit Navin)

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** Clothing retailer Trent's shares TREN.NS drop 2.3%, most on benchmark Nifty 50 .NSEI

** Trent's Q2 rev growth slowest in 14 quarters

** Jefferies notes 16 Zudio stores shut in Q2 (vs 10 in full FY24) and second straight quarter of net decline in Westside stores

** Centrum Broking says rising competition, weakening demand remain concerns; chop FY25/FY26 profit estimates by 19.2%/21.4%

** Still avg rating of 18 analysts is equivalent of "buy" -LSEG data

** With only one PT cut, per LSEG data, median PT is 6,616 rupees vs current price of 6,361 rupees

** TREN is down for the fifth consecutive session

** It has shed 11% so far this week, set to be its worst since Jan 2022

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Nov 7 (Reuters) - Trent Ltd TREN.NS:

• TRENT Q2 CONSOL NET PROFIT 3.39 BILLION RUPEES

• TRENT Q2 CONSOL REVENUE FROM OPERATIONS 41.57 BILLION RUPEES

Further company coverage: TREN.NS

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