Trent Shares Plunge 8% After Q3 Update Misses Expectations

• Trent shares fell 8% to ₹4,060 after its Q3 business update on Tuesday, January 6.
• Q3 revenue grew 17% YoY to ₹5,220 crore, but slower growth pace missed market expectations.
• Company expanded with 17 Westside and 48 Zudio stores in Q3, exceeding Zudio estimates.
• Share price dropped below the lowest brokerage target of ₹4,350 set by Citi and Avendus Spark.
• Brokerages are divided: 18 'Buy', 5 'Hold', 5 'Sell' ratings among 28 analysts.

Why It Matters: Trent's Q3 growth slowdown and valuation concerns trigger sharp 8% share price drop.