Tata Group’s retail arm, Trent Ltd, saw its shares fall over 8% after its Q3 FY26 update. The company reported ₹5,220 crore in standalone revenue, up 17% year-on-year, but growth was flat sequentially and below some analyst estimates.
Trent expanded its footprint, adding 17 Westside and 48 Zudio stores during the quarter. While Morgan Stanley maintained an overweight rating, other analysts flagged slowing demand and rising competition in the retail sector.
Investor caution led to a market value drop of roughly ₹13,000 crore, highlighting concerns over near-term performance despite overall revenue gains.