Trent shares hit 10% lower circuit; here is what spooked investors

The stock was locked in its 10% lower circuit limit of ₹5,572 on the NSE.

The stock came under selling pressure as, according to media reports, some analysts were disappointed with the company's growth update for the just-concluded quarter (Q1 FY26).

In its business update for the quarter ended June 30, 2024, Trent said its standalone revenue grew 20% YoY to ₹5,061 crore. As of June 30, 2025, the company said its store portfolio included 248 Westside, 766 Zudio (including 2 in UAE), and 29 stores across other lifestyle concepts.

Analysts at Nuvama, according to reports, said that the company's current run rate falls short of management's aspiration of 25% growth over the next few years.

They added that a pickup in Zudio Beauty and the Star business can become the next big growth levers, but these businesses need to stabilise before scaling up.

Trent is known for its diverse portfolio of brands, including Westside, Zudio, and Star Market. It operates in various retail formats, including fashion, lifestyle, and grocery, and has been recognised for its strong growth and performance in the retail sector.

Trent plans to add 250+ stores in all formats combined for FY26 and may add more depending on market conditions and the availability of investable properties.

Nuvama said it was cutting FY26E/27E revenue by -5%/-6% and EBITDA by -9%/-12%, per reports.

In June 2025, Tata Group Trent and state-owned Bharat Electronics entered the 30-share benchmark index, SENSEX.

In its recent comprehensive report for investors, Trent highlighted that FY25 was a relatively challenging year for retail in India. Multiple headwinds, including inflation, impacted discretionary spending.

India's economy, however, remains resilient, standing out among large economies. A young population, urbanisation, and digital proliferation drive dynamic consumption, it said.

It added that a heterogeneous and geographically diverse market presents both challenges and opportunities.