Motilal Oswal sees 12% upside in Trent on Zudio's 5,000-store runway
Brokerage maintains Buy with Rs 3,500 target, citing Zudio scaling from 960 to 5,000 stores, Westside from 300 to 700, and Star format acceleration from FY27. Q4 profit rose 33% YoY to Rs 413 cr on Rs 5,028 cr revenue; private-label mix holds at 73%.
Motilal Oswal maintains Buy on Trent with Rs 3,500 target (12% upside), citing long runway: Zudio scaling to 5,000 stores, Westside to 700, Star format expansion accelerating from FY27, plus Samoh and international diversification plans.
Why this matters
Brokerage conviction follows Trent's mapped path to 5,000 Zudio and 700 Westside stores, and arrives as Noel Tata signals exit after a 9x revenue run that built the Westside-Zudio engine.
Retail-company signals steady at 3,645 over the last 90 days.