Trent's Noel Tata flags 10x revenue ambition, calls retailer still in early growth phase
Chairman Noel Tata says Trent — with FY26 revenue of Rs 19,701 crore across 1,286 stores spanning 17.7 million sq ft in 321 cities — is targeting a 10x revenue milestone. Growth has already run 2.5x since 2023, with Westside, Zudio and Star powering the multi-brand stack and overseas expansion teed up as the next leg.
Trent Chairman Noel Tata says the Tata retail firm is still in early growth phase, confident of hitting 10x revenue target. FY26 revenue was Rs 19,701 crore across 1,286 stores; multi-brand strategy and overseas expansion to drive next leg.
Why this matters
Comes as Trent trades 31% below peak despite MOSL's 21% revenue CAGR call and 24% upside target on Westside expansion. Tata's 10x ambition reinforces long-runway thesis.
Retail-company signals steady at 1,460 over 90 days, with Trent a recurring driver.