Trent Shares Plunge 8% on Flat Q3 Revenue Growth; Brokerages Divided on Outlook

Shares of

td, the Tata Group retail giant behind brands like Zudio and Westside, plummeted 8% in early trading on Tuesday, erasing a four-session rally and emerging as the biggest drag on benchmark indices Sensex and Nifty. The stock dipped to Rs 4,060 per share shortly after markets opened, triggered by the company's provisional Q3 FY2026 results that revealed stagnant sequential revenue growth. This underwhelming performance led to a swift Rs 13,146 crore erosion in Trent's market capitalization within the first five minutes of trading. Analysts point to subdued consumer spending and intensifying competition in the retail sector as key factors behind the flat growth, despite Trent's strong brand portfolio. The results come amid broader economic headwinds, including inflationary pressures and shifting shopper preferences toward online platforms.