Trent Shares Plunge 8% As Q3 Update Disappoints D-Street

• Trent shares fell 8% to Rs 4,060, erasing Rs 13,146 crore from market cap after Q3 FY26 business update.
• Standalone revenue rose 17% YoY to Rs 5,220 crore in Q3 FY26, matching Q2 growth.
• Revenue growth was largely driven by a 28% increase in store count, while revenue per store declined 11%.
• Analysts divided: Motilal Oswal and Antique maintained 'Buy' despite concerns; Citi reiterated 'Sell'; HDFC upgraded to 'Add'.

Why It Matters: Trent shares plunged 8% post-Q3 update, revealing mixed analyst reactions despite revenue growth.