The Tata Group company reported a 17% year-on-year (YoY) growth in its standalone June quarter revenue to Rs 5,002 crore versus Rs 4,260 crore posted by the company in the year-ago period. The company also opened 40 Zudio and 13 Westside stores in the reported quarter.
The half-yearly revenue stood at Rs 10,063 crore in H1FY26 versus Rs 8,488 crore in H1FY25, growing 19% on a year-on-year basis.
The company opened a total of 53 stores in the quarter gone by, taking the store portfolio to 261 Westside and 806 Zudio (including 3 in UAE) and 34 stores across other lifestyle concepts as of September 30, 2025, their store portfolio included 261 Westside.
Should you buy, sell, or hold?
Antique Broking has maintained its Buy rating on Trent with a target price of Rs 7,031. “Most of the newly opened Westside stores became operational in September and are expected to contribute meaningfully to revenues in the coming quarters. Westside’s expansion remains a key focus area, with 13 stores added in the first half compared to an annual addition of 14–18 stores over the past three years. While Trent continues to outperform peers, growth momentum is moderating due to a high base,” the domestic brokerage said. The launch of its new Burnt Toast brand, aimed at Gen-Z consumers, is viewed positively.
On September 11, Kotak Institutional Equities dished out a Reduce call on the counter and slashed its FY2026–28 earnings estimates by 3–7%, citing slower same-store sales growth (SSSG) and muted revenue prospects. Kotak said that while the recent GST cut on apparel in the Rs 1,000–2,500 price range is positive, it is unlikely to materially lift Trent’s near-term growth. Westside, which contributes around 35% of standalone revenues, will see some impact, but the company is expected to pass on the benefit to consumers. Zudio, with merchandise largely below Rs 1,000, remains unaffected by the tax change.
Q1 Performance
Trent had reported a 9% YoY growth in its Q1 consolidated net profit to Rs 425 crore compared to Rs 391 crore in the year-ago period. The company’s revenue stood at Rs 4,883 crore, up 19% YoY versus Rs 4,104 crore posted in the corresponding quarter of the last financial year. The profit after tax (PAT) was 36% higher on a sequential basis versus Rs 312 crore reported in Q4FY25.
At about 9:35 am, shares of the company were trading at Rs 4,680, lower by 2.2% from the last close on the NSE. Trent shares are down 34% since the beginning of the year and trade 43% below its record high of Rs 8,345 it hit on October 14, 2025.
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