Shares of Tata Group’s apparel arm Trent crashed as much as 10% to their day's low of Rs 3,010 on the BSE on Tuesday after the retailer reported a 19% year-on-year increase in standalone revenue for the June quarter, supported by growth in its fashion retail business and continued store expansion.
The figure was below Street estimates. In a quarterly business update filed with the exchanges, the company said standalone revenue from operations, excluding GST, stood at Rs 5,666 crore in Q1FY27, up from Rs 4,781 crore in the corresponding quarter last year. Revenue from the sale of merchandise, excluding other operating income, also increased 19% during the quarter ended June 2026.
