Trent stock slides 10% after Q1 revenue growth of 19% YoY misses street estimates
Trent's Q1 provisional standalone revenue rose 19% YoY to Rs 5,666 crore, below MOFSL's 22% estimate. Growth was driven by aggressive store additions—total fashion stores up 26% YoY to 1,312 (Zudio 982, Westside 301)—but revenue per store fell 5% YoY, prompting a 10% correction to Rs 3,009.10 as brokerages flagged near-term concerns.
Trent's Q1 provisional revenue grew 19% YoY, below MOFSL's 22% estimate, driven by store additions but with revenue per store declining 5%. Weaker-than-expected performance triggered a 10% stock correction, with brokerages flagging near-term negatives.