1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200

Tata Group-backed 26-year-old speciality retail giant, Trent Ltd's share price will be in focus this week as the company is set to declare its Q4 results and dividends for FY24 on April 29. The stock is currently at Rs 4157 apiece, down marginally on BSE with a market cap of Rs 1,47,776.14 crore.

In its regulatory filing, Trent said, "this is to inform you that a meeting of the Board of Directors of the Company will be held on Monday, 29th April 2024, inter alia, to
consider the following:

- Approve the Audited (Standalone and Consolidated) financial results of the Company for the year ended 31st March 2024.

- Recommendation of dividend, if any, on the equity shares of the Company for the year ended 31st March 2024."

So far, Trent has delivered up to 26 dividends in its history, while it carried one stock split in the ratio of 1:10 in 2016.

Trent Share Price Recommendation:

As per Motilal Oswal, Trent reports strong standalone revenue growth of 53% in 3QFY24, while its gross margin improved due to controlled costs and moderating raw material prices.

Also, the company reports strong performance driven by LFL growth and robust store additions. Motilal Oswal added, "Consolidated revenue expected to grow at a CAGR of 29% over FY24-26."

Moreover, the brokerage said, Trent's growth opportunity and improving store metrics offer upside potential.

Accordingly, Motilal Oswal added, " Stock has a BUY rating with a revised target price of Rs 4,200."