Trent falls 10% as Q1 revenue growth of 19% misses 22% expectation
Trent's provisional Q1 revenue rose 19% YoY, below the 22% analysts anticipated, sending shares down 10% to Rs 3,010.10. Store count grew 26% YoY to 1,312 (Zudio 982, Westside 301), but revenue per store slipped 5%, signaling cannibalization. Brokerages flagged the correction.
Trent shares fell 10% after its Q1 provisional revenue grew 19% YoY, below the 22% analysts expected. Store count rose 26% (Zudio 982, Westside 301) but revenue per store declined 5%, signaling cannibalization; brokerages flagged a correction.