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).

— Source publishedThu, 4 Jun, 2026, 12:16 IST·First seen Thu, 4 Jun, 2026, 12:34 IST·Source NDTV Profit

What happened

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

Key facts

  • 35% lower
  • Rs 2,759.5
  • Rs 4,257.6
  • 1:2 bonus
  • target Rs 4,910
  • 15% upside
  • Q4 net profit Rs 455 cr (+30% YoY)
  • revenue Rs 4,937 cr (+20.2%)
  • EBITDA Rs 919 cr (+40%)
  • EBITDA margin 18.6%
  • dividend Rs 6/share

Why this matters

Trent's 20% revenue growth and aggressive city expansion reinforce that mid-market apparel consolidation is accelerating—watch for tuck-in real estate and supply-chain plays as Westside extends its footprint.