Q1 updates jolt retail stocks: Trent tumbles 12%, Kalyan slides 8%, Titan gains 4%
Trent fell 12% as 19% YoY revenue growth disappointed despite reaching 1,312 stores and adding 19 Zudio outlets. Titan rose 4% on 37% domestic growth across jewellery, watches and eyewear, expanding to 3,517 outlets. Kalyan Jewellers dropped 8% even with 38% India revenue growth and 28% SSSG.
Q1 business updates rattle retail stocks: Trent fell 12% on slower-than-expected revenue despite 19% growth and Zudio/Westside additions. Titan rose 4% on 37% domestic growth. Kalyan Jewellers dropped 8% despite strong 38% India revenue growth.