Trent Ltd has emerged as the worst-performing Nifty stock since last Muhurat trading, losing one-third of its market value. Analysts said while Trent continued to outperform its peers fundamentally, its growth trend appears to be moderating due to the elevated base.

For the September quarter, Trent’s reported standalone revenue (including GST) grew 17 per cent YoY. MOFSL said Trent’s revenue growth continued to decelerate against 57 per cent, 40 per cent, 37 per cent, 29 per cent and 20 per cent in the last five quarters, likely due to slowing same store sale growth (SSSG) on self-cannibalisation and a high base effect. Advertisement

MOFSL said after a subdued store expansion activity in the June quarter, store expansion picked up pace in the September quarter, with the total store cou

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