Bengaluru, Jan 13, 2026, 16:11 IST — After-hours
- Trent shares closed down 3.7% at 3,904.7 rupees after touching 3,827.8
- The stock has fallen about 12% since Jan. 5, keeping selling pressure alive
- Traders now look to early-February earnings for margins and same-store sales clues
Trent Ltd shares fell again on Tuesday and ended down 3.7% at 3,904.7 rupees, after sliding to an intraday low of 3,827.8. The Tata Group retailer is now down about 12% since Jan. 5. 1
The drop came as Indian benchmarks slipped in broad selling, with tariff talk and trade uncertainty back on the tape. “The absence of decisive follow-through buying has kept the broader market outlook guarded,” said Dhupesh Dhameja, a derivatives research analyst at SAMCO Securities. 2
Trent hit a 21-month low intraday and was down as much as about 6% at one point, Business Standard reported, with brokers flagging a risk of more estimate cuts after the retailer’s latest quarterly update. ICICI Securities said the quarter lacked the festive lift and GST (goods and services tax) tailwind it had been pencilling in, while HDFC Securities pointed investors to operating KPIs such as same-store sales growth and store additions. 3
Trent said last week standalone revenue for the quarter ended Dec. 31 rose 17% from a year earlier to 52.20 billion rupees, flat from the prior quarter. “It’s a miss,” said Karan Taurani, an analyst with Elara Securities, who pointed to rising pressure from rivals such as Max Fashion and Style Union, while Antique Stock Broking cut its target price on the stock. 4
What matters now is whether the selloff turns into a deeper de-rating of the story. Same-store sales growth — sales at outlets open at least a year — and margins will be the two numbers investors will care about more than the store-count headline.
Trent runs Westside and the faster-growing Zudio value-fashion chain, and traders have been arguing over how much of the recent growth is volume versus new stores. More stores can keep revenue rising, but they can also drag margins if demand softens and discounting rises.
One more overhang: BSE has sought clarification from Trent on Jan. 5 on a movement in volume, with a response still awaited, according to exchange notices tracked by Moneycontrol. 5
The risk for bulls is straightforward. If competition forces sharper promotions, or if newer Zudio stores start cannibalising older outlets, earnings downgrades can keep coming even if topline growth does not collapse.
A rebound case rests on a clean margin print and evidence that the slowdown is mostly a high-base hangover, not a demand break. In this tape, that’s a big ask, but it’s what will move the stock.
Traders are also circling the next results window: Investing.com data shows Trent’s next earnings report is expected on Feb. 5, when management commentary on margins, same-store trends and store economics will likely set the tone for the next leg. 6
