Retail shake-up: Trent struggles, DMart steadier, Nykaa and Jubilant emerge stronger bets: Karan Taurani

Trent shares slide again as growth slows and valuation multiples reset amid rising competition in fast fashion. Karan Taurani, EVP, Elara Securities, flags weak like-for-like sales and margin risks, while DMart, Nykaa and Jubilant FoodWorks appear relatively better placed. Here’s what the latest retail and consumption outlook means for investors.