New Delhi, April 24 -- Investors in Trent Ltd stock are staring at two key hurdles after its March quarter (Q4FY26) earnings. First, whether the strong revenue and margin growth seen last quarter can be sustained consistently. Second, the stock's rich valuations leave limited room for a sharp near-term upside.

A recent pressing concern for the retailer has been moderating revenue growth amid soft demand and intensifying competition in the sector. Year-on-year standalone revenue growth declined for six straight quarters from Q2FY25 to Q3FY26. The trend reversed in Q4FY26, with revenue rising 20.2% to Rs.4,937 crore. While this marks the strongest growth in the past four quarters, it remains well below the over 30% growth rates the company...