Trent reports 23 percent Q2 growth. Trent stock reaches a 2-year high

Published on 10/25/2026 at 02:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA began coverage at INR 3,075 on September 30, 2026. Trent stock operated 1,342 stores after adding 27 in the second quarter.

Retail update and analyst view

Trent reported Q2 revenue of INR 5,788 crore on October 5, 2026.
First-half revenue reached INR 11,454 crore, up 21 percent year over year.
BofA Securities began coverage with an INR 3,075 target on September 30, 2026.

Trent, INE849A01020, Illustration mit AI erstellt.

Trent Limited (INE849A01020) reported 23 percent year-over-year revenue growth in the second quarter of fiscal 2026-27 and reached a two-year high in its Indian trading session. The Economic Times reported the update on October 7, 2026, after Trent posted standalone revenue of INR 5,788 crore for the quarter ended September 30, 2026.

Three milestones shape the update

On September 11, 2026, Trent disclosed the opening of Zudio's 1,000th store. Scanx said the milestone formed part of the company's second-quarter disclosure. On October 5, 2026, Trent reported second-quarter revenue of INR 5,788 crore, compared with INR 4,724 crore a year earlier. On October 6, 2026, The Hindu BusinessLine reported that Trent stock traded at INR 2,851 at 10:31 a.m. IST on the NSE, up 10.51 percent from INR 2,580.

What does 23 percent growth mean?

The answer is scale. First-half fiscal 2026-27 revenue reached INR 11,454 crore, up 21 percent from INR 9,505 crore in the year-earlier period, according to The Economic Times. Trent added 17 Zudio stores and 10 Westside stores in the quarter, taking its portfolio to 1,342 stores by September 30, 2026. The comparison matters because store expansion supported both the quarterly and half-year growth rates.

Analysts balance growth and valuation

BofA Securities initiated coverage on September 30, 2026, with a Buy rating and an INR 3,075 price target, according to The Economic Times. The broker cited Zudio and Westside growth, integrated technology and supply-chain capabilities. The counter-factor is productivity: Citi retained a Sell rating with an INR 2,950 target while pointing to an 8.4 percent year-over-year decline in revenue per square foot, as reported by The Hindu BusinessLine.

Retail scale remains the central test

Trent's latest figures show a retailer expanding its footprint while maintaining double-digit revenue growth. The next test is whether new Zudio and Westside locations can improve productivity as the network moves beyond 1,300 stores.