Rs 18,000 crore crash in Trent shares explained, and should you buy the dip

Trent shares crashed 10 percent, wiping out about Rs 18,000 crore in market value, after its Q1FY27 standalone revenue came in at Rs 5,666 crore, up roughly 19 percent year-on-year versus expectations of about 22 percent. Revenue per store declined around 5 percent YoY, and store additions moderated to 26 net openings, with Westside adding just one net store, signalling cannibalisation concerns. Brokerages remain split, with Citi maintaining a Sell rating and target of Rs 2,733, while Macquarie (Outperform, Rs 3,600), Bernstein (Outperform, Rs 3,500) and Morgan Stanley (Overweight, Rs 3,151) saw the print as a modest near-term setback rather than a structural concern.