Shares of Tata Group retail arm- Trent plunged sharply in early trade on Friday (July 4, 2025). After opening nearly 8 per cent lower, the stock further extended losses and marked the day's low price of Rs 5653- a nearly 9 per cent plunge.

The drag in the share price followed after the company at its AGM flagged concerns of a growth slowdown. As per the company's management, in Q1FY26, the retail giant logged around 20 per cent growth.

In the analysts meet, the company mentioned 25 per cent growth in revenue, while the guidance was weaker than the 5-year average of 35 per cent growth. In stark contrast to the industry CAGR of 25 per cent in the fashion business, Trent has projected a  20 per cent growth.

Also, on the sidelines, the company in its quarterly business update said that the standalone revenue from sale of products (incl. GST) for the June quarter came in at Rs 5,061 crore, while the same in the corresponding quarter of the previous fiscal year was at Rs 4,228 crore, a 20 per cent on-year growth.

Brokerages on Trent

Macquarie has maintained an overweight call on the stock with the target at Rs 7200. The set target implies a upside of over 16 per cent from the last close. The brokerage pointing out at the highlights of the company's AGM noted that the company has a target of achieving 25-30 per cent growth by FY26. Also, it is focused on adding at least 250 stores for FY26. 

Morgan Stanley, meanwhile, also continued to maintain an overweight call on the stock with the target at Rs 6,359, implying gains of 3 per cent from the previous close. The brokerage highlighted that the company has reiterated its aspiration to register growth at 10x its FY23 revenue.