Zudio operator Trent shares plummet over 8%

Shares of Tata Group retailer Trent Limited plunged sharply on Tuesday, rattling investors despite the company reporting double-digit revenue growth for the December quarter. The stock fell as much as 8.3 per cent to Rs 4,060.65 on the BSE, wiping out nearly Rs 13,000 crore in market capitalisation.

The sharp sell-off came even as Trent posted a 17 per cent year-on-year (YoY) rise in standalone revenue to Rs 5,220 crore in the October–December quarter. However, investors focused more on signs of slowing growth rather than the headline revenue number.

Analysts pointed to weakening same-store sales and a continued decline in revenue per square foot, which raised concerns about falling productivity at the retailer’s stores. Trent, which operates popular brands such as Zudio and Westside, has been expanding aggressively, but the latest performance suggested that the pace of growth may be losing momentum.