Trent Adjusts 35% Lower Post 1:2 Bonus; HSBC Hikes Target to Rs 4,910 on Westside Expansion
Trent shares opened at Rs 2,759.5 after going ex-bonus (1:2). HSBC retained Buy with raised target of Rs 4,910, implying 15% upside, citing Westside's city expansion and larger new-store formats. Q4FY26 net profit rose 30% YoY to Rs 455 cr on 20.2% revenue growth to Rs 4,937 cr; EBITDA jumped 40% to Rs 919 cr (18.6% margin).
Trent shares adjusted 35% lower as stock went ex-bonus (1:2). HSBC maintained buy with hiked target Rs 4,910, citing Westside city expansion and larger new stores. Q4FY26 profit rose 30% to Rs 455 crore on 20% revenue growth.