Trent Slides ~10% as Q1 Revenue Growth Slows to 19%, Below 20% for Fifth Straight Quarter
Trent shares hit an intraday low of Rs 3,010 after a disappointing Q1 update: 19% standalone revenue growth, weak per-sq-ft trends and slow Westside expansion (just 1 Westside vs 19 Zudio among 20 new stores). Analysts split—Citi flags cannibalisation and competition (TP Rs 2,733), while Macquarie holds Rs 3,600.
Trent shares fell nearly 10% after a disappointing Q1 update showed 19% revenue growth, below-20% for five quarters, weak per-sq-ft trends and slow Westside expansion; analysts mixed with Citi flagging cannibalisation and competition.