Rising rivals give Trent a $20-bn deep cut

· Tata Group firm shares down nearly 40% last year

- AGENCIES

TRENT, ONCE A market darling that topped India's stock benchmark Nifty50 in 2024, is stuck in a deepening rout as slowing sales and fierce competition worry investors.

Shares of the Tata Group company sank nearly 40% in 2025, marking the retailer's first annual decline in more than a decade and dropped another 9% on Tuesday following disappointing third-quarter performance update.

Trent has lost nearly $20 billion in market value since 2024 peak. The firm reported a standalone revenue of ₹52.20 billion ($579.3 million) for the three months ended December 31, up 17% from a year earlier. The revenue growth was unchanged from the previous quarter.