Trent shares drop 7% after underwhelming growth forecast; sales up 20% but below past 35% growth, leading to 'hold' rating.

• Trent's Q1FY26 growth forecast disappoints investors, dragging down the Nifty 50 index.
• Standalone sales rose 20% YoY, sharply lower than the 35% annual growth from 2020, 2025.
• Nuvama downgrades Trent to 'hold' due to near-term growth concerns and unmet targets.