Tata's Trent: Nifty's Worst Performer, Rs 1 Lakh Cr Rout on Over-Expansion

• Trent, a Tata Group stock, is Nifty's worst performer for 2025, down 43% this year and losing over Rs 1 lakh crore in market value.
• The stock's decline is attributed to aggressive store expansion causing cannibalization, a broad consumption slowdown, and increased competition in value fashion.
• Zudio's rapid expansion led to significant store overlap, with 58% of existing stores competing with new ones in the same city.
• Despite headwinds, Trent reported Q2 FY26 revenue growth of 15.9% YoY, EBITDA up 26.5%, and profit up 11.4%.
• Analysts have mixed views on Trent, with ratings ranging from Sell (Citi) to Outperform (Bernstein), reflecting uncertainty about its recovery.

Why It Matters: It alerts investors to significant risks in a major Tata stock and the broader market.