₹424 Cr Q1 Profit—The Catch Investors Miss & Key Support/Resistance Zones

Financial Performance Standalone net profit reached ₹424.7 crore, up 8.5% year-on-year from ₹391.2 crore Revenue grew 19% YoY to ₹4,883 crore from ₹4,104 crore EBITDA surged 38% YoY to ₹848 crore, up from ₹616 crore EBITDA margin expanded to 17.3% from 15% a year ago Operational Metrics Like-for-like (LFL) growth in the fashion portfolio remained in low single digits Added 1 Westside and 11 Zudio stores during the quarter, bringing the network to over 1,000 stores across 242 cities Strategic Commentary Management highlighted a sustainable revenue CAGR target of 25%, against a historical five-year CAGR of 35% Continued focus on expanding presence in Tier 2 and 3 cities to capture long-term fashion adoption trends Market Performance & Valuation Trent’s stock is down 25% year-to-date and 4% over the past month despite strong quarterly numbers Trades at 82 times estimated FY27 earnings, having corrected 36% from its 52-week high Analyst Perspectives Margin gains attributed to technology adoption, automation benefits, and improved cost efficiencies Brokerages caution on slowing top-line momentum and rich valuations, despite robust margin performance Major Support & Resistance Strong Support at 5000, which can be a good place for a long-term investor to buy. Strong Resistance at 5500 & 6000.