Trent misses Q1 estimates as store-led growth masks weak demand

Trent is a big clothing store company in India that is part of the Tata Group.

It sells clothes through brands like Zudio and Westside.

During the last three months, the company made more money than it did last year.

Its sales grew by about 18 percent and its profit grew by 22 percent.

However, people who watch companies closely expected it to make even more money than it did.

The growth happened because the company opened many new stores.

The money made at older stores stayed almost the same, which means fewer people were buying there.

Many of the new Zudio stores were opened in smaller cities instead of big ones.

The company's boss, Noel Tata, is going to retire this year.

Nobody has been chosen yet to be the new boss.