Trent Shares Plunge 8% After Flat Q3 Revenue; Brokerage Outlook Mixed

• Trent shares tumbled 8% after Q3 FY26 provisional results showed sequential flat revenue growth.
• The Tata Group company's market cap dropped by Rs 13,146 crore in just five minutes.
• Q3 FY26 standalone revenue from sales was Rs 5,220 crore, a 17% YoY rise, but flat sequentially compared to Q2 FY26's 17% YoY growth.
• Store count increased significantly (28% YoY), but revenue per store declined by 11% YoY, indicating cannibalization.
• Brokerage outlook is mixed: Motilal Oswal and Antique maintain 'Buy', Morgan Stanley 'Overweight', HDFC Securities 'Add', while Citi maintains 'Sell'.

Why It Matters: Trent's Q3 flat sequential revenue growth led to an 8% share drop and mixed brokerage reactions.