2026-01-06 09:49:57 am | Source: Reuters
Indian apparel retailer Trent drops 8% as revenue growth flat sequentially
Shares of India's Trent fell nearly 8% in early trade on Tuesday, after the apparel retailer's standalone revenue growth stayed unchanged as urban consumers cut back on spending.
The operator of Zudio and Westside stores said on Monday its standalone revenue grew 17% year-on-year in the three months to December to 52.20 billion rupees ($579.3 million). Its revenue had also risen 17% in the previous three months.
The stock was the top percentage loser on the benchmark Nifty 50 index, which was down about 0.2% on the day.
($1 = 90.1125 Indian rupees)
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