Trent growth likely bottoming out at 17%; 25% FY26 target looks unlikely: Jignanshu Gor, Bernstein

Trent’s Q3 growth of 17% may mark the bottom of its slowdown, but meeting its 25% FY26 guidance looks unlikely, says Jignanshu Gor, Director at Bernstein India. Analysts expect growth to stabilise around 20% amid base effects, margin sustainability and store expansion, even as near-term earnings downgrades and valuation concerns persist.