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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Trent loses Rs 13,000 crore in market value: Why investors are hitting the sell button
The stock fell as much as 12.33% to Rs 2,931.15 during the day's trade, making it the biggest loser on the Nifty 50 index. By around 1:15 pm, Trent's market capitalisation had dropped to about Rs 97,311 crore from Rs 1.11 lakh crore in the previous session, eroding nearly Rs 13,356 crore in investor wealth in a single day.
Trent shares tumble over 11% on disappointing Q1 revenue
Shares of Tata group's retail firm Trent slumped over 11 per cent after its June quarter standalone revenue growth of 19 per cent to Rs 5,666 crore missed market expectations, which had anticipated a 22 per cent year-on-year increase.
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