{"id":529119,"date":"2026-07-07T06:49:11","date_gmt":"2026-07-07T06:49:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/529119\/"},"modified":"2026-07-07T06:49:11","modified_gmt":"2026-07-07T06:49:11","slug":"india-fashion-retailer-trent-tumbles-11-as-revenue-growth-disappoints","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/529119\/","title":{"rendered":"India fashion retailer Trent tumbles 11% as revenue growth disappoints"},"content":{"rendered":"

People are shopping for clothing and beauty products at a Zudio store in Thiruvananthapuram, Kerala, India, on April 4, 2024. (Photo by Creative Touch Imaging Ltd.\/NurPhoto via Getty Images)<\/p>\n

Nurphoto | Nurphoto | Getty Images<\/p>\n

Shares of one of India’s biggest fashion retailers, Trent<\/a>, plunged over 11% on Tuesday after the company’s first-quarter revenue growth missed earnings targets. <\/p>\n

The Tata Group company reported standalone revenue of 56.66 billion rupees ($595 million) for the quarter ended June, up 19% on year<\/a>, Trent said on Monday. <\/p>\n

Citigroup remains “cautious on Trent” owing to a weak trend in revenue per square foot, increasing competition, the impact of cannibalization, and new-store expansion in smaller cities. The firm was expecting the company to report revenue growth of 23%, it said in a report Monday.<\/p>\n

Trent operates fast fashion stores primarily in India under the brands Westside and Zudio. At the end of June, Trent had a portfolio of 1,312 stores, the company said.<\/p>\n

Shares of the company are up 4.3% since the start of this year, even as India’s benchmark index Sensex is down nearly 8%. <\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"People are shopping for clothing and beauty products at a Zudio store in Thiruvananthapuram, Kerala, India, on April…\n","protected":false},"author":2,"featured_media":529120,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3199,6461,114,357,9172,85,207,46,6462,241636],"class_list":["post-529119","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-asia-economy","tag-breaking-news-business","tag-business","tag-business-news","tag-fashion","tag-il","tag-india","tag-israel","tag-retail-industry","tag-trent-ltd"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=529119"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/529120"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=529119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=529119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=529119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}