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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.