16 Jul , 2025 By : Debdeep Gupta
Shares of Tata Group’s Trent Ltd rose by over a percent on July 16, extending their winning run for a second straight session, after Lululemon — the Canadian athleisure major — announced plans to enter the Indian market. The stock was among the top gainers on the Nifty.
The brand is set to open its first physical store in India in the second half of 2026 and has partnered with Tata CLiQ for both its brick-and-mortar and digital presence. Lululemon’s products will be available through Tata CLiQ Luxury and Tata CLiQ Fashion, bringing its high-performance apparel, footwear, and accessories to Indian consumers.
“The partnership will bring lululemon’s innovative athletic and lifestyle offerings to India, supporting a wide range of activities like yoga, training, running, tennis and golf,” CNBC TV-18 reported, citing an official comapany release.
Tata CLiQ, part of Trent’s digital commerce ecosystem, houses over 4,000 fashion brands and more than 15 lakh product styles. It falls under the umbrella of Westside, Trent’s flagship retail chain.
The announcement comes at a time when Trent’s online business is gaining momentum. According to HDFC Securities, e-commerce contributed 6 percent to Westside’s revenue, with volume growing 41 percent in FY25.
In its latest quarterly update, Trent said its revenue grew 20 percent year-on-year in the June quarter—lower than its five-year CAGR of 35 percent. Despite this, last week, Bernstein maintained its outperform rating on the stock, citing that the long-term growth story remains intact. The brokerage noted that the company's Q1 update confirmed a 20 percent year-on-year revenue growth, but believes this should not be seen as the new normal.
At about 10 am, shares of the company were trading at Rs 5,430, higher by 0.7 percent from the last close on the NSE. Trent shares are down 25 percent since the beginning of the year.
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