Trent’s stock has plummeted over 50% from its peak, erasing Rs 1.6 lakh crore in wealth, primarily due to store network over-densification, especially with Zudio. Brokerages like Goldman Sachs and Citi express caution, citing concerns over sales pressure, potential cannibalization, and rising input costs, despite recent revenue growth.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets