Trent share price looked set to snap its six-day winning streak, as the speciality retail stock crashed almost 12% in intraday trade on the BSE on Tuesday, 7 July, a day after the company posted its business updates for the April-June quarter of the current financial year (Q1FY27).
Trent shares opened at ₹3,111 against their previous close of ₹3,343.40 and crashed as much as 11.8% to hit an intraday low of ₹2,948.25.
Shares of the company suffered strong losses as the company’s Q1 business updates failed to meet expectations.
In an exchange filing after market hours on 6 July, Trent said standalone revenue from operations rose by 19% year-on-year (YoY) to ₹5,666 crore.
Revenue from merchandise sales, excluding other operating income, also rose 19% YoY in the June quarter, the company said.
Trent further said that as of 30 June 2026, its portfolio of 1,312 stores includes 301 Westside, 982 Zudio (including 7 in the UAE) and 29 stores across other lifestyle concepts. This involved a net addition of 1 Westside and 19 Zudio stores during the quarter.
These business updates signal the company may miss Street expectations for the company’s Q1 earnings. This seems to have worried investors.
As per brokerage firm Motilal Oswal Financial Services, Trent is expected to report a 22% revenue growth in Q1FY27, driven by store additions and SSG recovery
Motilal expected 15 store additions in Zudio, while the Westside store count could remain stable QoQ at 300 during the quarter.
“Trent’s Q1 standalone revenue grew nearly 19% YoY versus our estimate of nearly 22% YoY. Revenue growth was primarily driven by nearly 26% YoY increase in store count, with revenue per store declining nearly 5% YoY (versus 4% YoY fall in Q4FY26), indicating either a slower ramp-up of newer stores or continuation of cannibalisation impact on select stores,” said Motilal.
In Q4FY26, Trent’s revenue from operations rose by 19.23% to ₹5,027.99 crore, while its consolidated net profit jumped 32.57% YoY to ₹413.10 crore.
Trent share price trend
Trent shares hit a 52-week low of ₹2,185.16 on 30 March this year after hitting a 52-week high of ₹3,784.56 on 4 September last year.
The stock is up 3% year-to-date, while over the last one year, it has declined 19%.
According to Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, the Trent share price has witnessed a sharp correction after facing strong resistance near the Ichimoku Cloud, indicating that the primary trend remains under pressure.
However, Patel pointed out that the stock continues to hold above a key long-term support zone around ₹2,900, which could provide a base for stabilisation.
Despite the recent decline, volume-based indicators remain relatively encouraging, with both cumulative volume delta (CVD) and on-balance volume (OBV) staying in positive territory, suggesting that aggressive distribution is still limited.
The RSI has eased to around 53, reflecting neutral momentum, while the MACD remains in positive territory despite signs of weakening.
“A sustained move above the Ichimoku Cloud will be required to confirm a stronger bullish reversal. Until then, the stock is likely to consolidate with a mild positive bias, supported by buying interest near lower levels. Investors should watch for sustained price action above ₹3,000 for improved upside prospects,” said Patel.
Vipin Kumar, AVP- Research at Globe Capital Market, highlighted that the stock is heading to test its previous breakout zone around the ₹2,900 level, which also coincides with its 200 EMA on the daily charts.
“Moving forward, we suggest traders wait for some stability around these support levels before initiating fresh positions,” said Kumar.
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Disclaimer: This article is for educational purposes only and does not constitute investment advice. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
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