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India fashion retailer Trent tumbles 11% as revenue growth disappoints

The Tata Group retailer said June-quarter revenue rose 19%, below analysts’ 23% estimate, as Citigroup cited weaker sales trends and competition.

  • On Tuesday, July 7, 2026, shares of Tata Group retail arm Trent Ltd plunged over 12% after reporting Q1 standalone revenue growth of 19%, missing analyst expectations of 23%.
  • Market expectations had driven Trent's stock price higher in recent weeks, with Motilal Oswal Financial Services estimating 22% revenue growth following the 20% growth seen in Q4 FY26.
  • During the quarter, Trent expanded its portfolio to 1,312 stores by opening 1 Westside outlet and 19 Zudio locations targeting the affordable fast-fashion segment.
  • Falling as much as 12.69% intraday to ₹2,919, the stock became the biggest laggard among Sensex and Nifty firms on Tuesday, ending lower on the BSE.
  • Citigroup remains "cautious on Trent," citing weak revenue per square foot, increasing competition, and cannibalization risks from aggressive new-store expansion in smaller cities.
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The Economic Times broke the news in Mumbai, India on Tuesday, July 7, 2026.
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