Trent Ltd., the Tata Group retail arm, is expected to be in focus on Wednesday, July 16, following the announcement of a major partnership between Tata CLiQ and Lululemon, the premium Canadian athleisure brand.
Lululemon said it plans to open its first store in India in the second half of 2026, partnering with Tata CLiQ for both offline and e-commerce operations. The agreement will see Lululemon’s products — spanning athletic wear, footwear, and accessories — offered through Tata CLiQ’s Luxury and Fashion platforms.
Tata CLiQ, with over 4,000 brands and more than 1.5 million styles, will also help build Lululemon’s online presence in India.
However, it is important to note that Tata CLiQ is owned by Tata Unistore Ltd., a separate entity within Tata Digital, and not part of Trent Ltd. In a clarification following the announcement, Trent stated, “Tata CLiQ is an omnichannel e-commerce platform operated by Tata Unistore, which is not a part of Trent.”
Meanwhile, Trent recently reported a 20% revenue growth for the April-June quarter — below its five-year CAGR of 35% — which may also weigh on investor sentiment.
Out of 25 analysts tracking Trent, 18 have a ‘buy’ rating, four recommend ‘hold’, and three have a ‘sell’ call, reflecting a generally positive outlook despite near-term moderation in growth.
Investors will be watching closely to see if the buzz around the Tata-Lululemon partnership lifts Trent shares, even as the direct beneficiary is Tata CLiQ.
