Trent Q2 FY27 Profit Rises 25% as Revenue Grows 22%

Quarterly earnings overview

Tata Group retail company Trent reported a 25.3% year-on-year increase in consolidated profit for the September quarter of FY27. Consolidated profit rose to Rs 468.09 crore in Q2 FY27 from Rs 373.42 crore in Q2 FY26. Consolidated revenue from operations increased 21.9% to Rs 5,873.14 crore, compared with Rs 4,817.60 crore a year earlier. The quarterly numbers follow continued expansion across the company’s lifestyle retail formats, including Zudio and Westside.

Revenue crosses Rs 5,800 crore

Trent’s consolidated revenue growth was accompanied by a 23% rise in standalone revenue from operations, excluding GST. Standalone revenue reached Rs 5,788 crore in Q2 FY27, against Rs 4,724 crore in the corresponding quarter of FY26. The company also said revenue from the sale of merchandise, excluding other operating income, grew 23% during the quarter. The difference between standalone and consolidated revenue reflects the two reporting bases disclosed by the company.

Expenses rise at a slower pace

Total consolidated expenses increased 20.4% year-on-year to Rs 5,259.13 crore in Q2 FY27, from Rs 4,367.15 crore in the year-ago quarter. Revenue growth of 21.9% was therefore marginally higher than expense growth in the reported period. This was reflected in the faster growth in consolidated profit relative to revenue. The disclosed figures do not provide a detailed breakup of expense categories.

Key Q2 FY27 financial figures

Zudio reaches 1,000-store milestone

Trent crossed the milestone of opening its 1,000th Zudio store during the September quarter. Zudio is the company’s value-fashion retail format and has been a significant part of its store expansion programme. The company’s overall portfolio stood at 1,342 stores as of September 30, 2026, covering Westside, Zudio and other lifestyle brands. The store base was 1,101 a year earlier, according to the operational update.

Store additions during the quarter

During Q2 FY27, Trent added a net 17 Zudio stores and 10 Westside stores. In the first half of FY27, net additions were 36 Zudio stores and 11 Westside outlets. The company’s expanding physical network coincided with the growth in standalone revenue reported for both the quarter and the first half. In the corresponding quarter of the previous year, Trent had added 40 Zudio stores and 13 Westside outlets.

First-half revenue performance

For the half-year ended September 2026, standalone revenue from operations stood at Rs 11,454 crore. This represented year-on-year growth of 21% from Rs 9,505 crore in H1 FY26. Revenue from the sale of merchandise, excluding other operating income, also increased 21% during the first half. The half-year update indicates that the quarterly revenue performance was part of a broader increase in reported sales during FY27’s first six months.

Operational data at a glance

What the results show

The reported financial data shows that Trent increased revenue while maintaining expense growth slightly below its consolidated revenue growth rate. Its consolidated profit rose faster than both revenue and expenses in percentage terms. The company’s store network continued to widen during the quarter, with additions across both Zudio and Westside. Zudio’s 1,000-store milestone is also a notable operating development within the company’s retail portfolio.

Market response to the business update

Trent shares rose more than 11% on October 6 after the company’s Q2 FY27 standalone revenue update. Another report described the shares as rising about 10% in early trade following the revenue print. The market response came after Trent disclosed 23% standalone revenue growth to Rs 5,788 crore. The company’s business update also highlighted its 1,342-store portfolio and the addition of new Zudio and Westside outlets.

Board meeting and reported results

Trent had scheduled a board meeting for October 29, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company had not specified the meeting time in the exchange filing referenced in the available information. The subsequently reported Q2 figures showed consolidated profit of Rs 468.09 crore and consolidated revenue from operations of Rs 5,873.14 crore. No dividend declaration is mentioned in the available information.

Conclusion

Trent’s Q2 FY27 results showed a 25.3% increase in consolidated profit and a 21.9% rise in consolidated revenue from operations. The company also reported continued store additions, taking its total network to 1,342 locations by September 30, 2026. Investors will continue to track future disclosures on revenue growth, store expansion, margins and management commentary.