Trent, a Tata group company and Nifty 50 constituent, has experienced a significant downturn in 2025, becoming the index's worst performer with a 40% stock decline. This marks its first annual fall in 11 years, despite substantial five-year returns. Analysts attribute the slowdown to growth pains post-FY25, including margin pressure from competition and rising costs, strained cash flows due to aggressive store expansion, and elevated valuations. Operational quality has also reportedly deteriorated, with slower like-for-like sales growth indicating demand softness.