Trent Loses ₹14,788 Crore in Market Value After Revenue Growth Miss

Shares of Indian retail giant Trent plunged 12.4% on Tuesday, wiping out nearly ₹14,788 crore ($1.56 billion) in market value after the company reported weaker-than-expected first-quarter revenue growth. The Tata Group retailer posted a 19% rise in standalone revenue, falling short of analysts’ expectations of around 23%, making it the biggest loser on the Nifty 50 index for the day.

The disappointing performance has raised concerns over the sustainability of Trent’s rapid expansion strategy. The company added around 250 new stores during fiscal 2026 and another 20 outlets in the first quarter, driven mainly by its Westside and Zudio brands. Analysts noted that same-store sales growth has slowed to low single digits, while increasing competition and softer consumer demand have affected store productivity.

Despite management’s long-term confidence in significantly growing revenue, investors remain cautious because of Trent’s premium valuation. Analysts believe the company’s high price-to-earnings ratio leaves little room for earnings disappointments, especially as growth in its fast-fashion brand Zudio begins to normalize. Although Trent’s stock remains up 2.4% for the year, the latest results have intensified concerns about future growth momentum.

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