Part of Tata group
Trent
Trent is growing: Q2 FY27 standalone revenue rose to ₹5,788 crore, with 1,342 stores as of 30 September 2026 (Storyboard18, 9 Oct). Value-fashion rivals face a Zudio-led chain that keeps adding stores while pruning weaker formats (Mint, 28 Aug).
What it means
Trent is gaining pace, not just size.
Reported: Revenue growth 23% YoY in Q2 FY27, up from 18% in Q1 FY27.
Watch: Q2 FY27 results, expected early Nov — EBITDA margin below Q1's 19.6%.
- Affected
- Value-fashion chains — share at stakeDo now: review entry prices and range depth this week where you overlap with Trent; if its full results hold this pace, plan for more of its openings near you.
- Trent's apparel vendors and fabric mills — bigger orders aheadDo now: book capacity for its larger orders, and set terms before its full results.
- FY15–FY19 not shown
- FY21–FY25 not shown
Our arithmetic · not a reported figureChange to FY26 revenue
- +₹17,856 crorefrom FY14 revenue
- +₹16,554 crorefrom FY20 revenue
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 5 stories, the newest dated 6 Oct 2026. Summary written 10 Oct 2026.
Trent is an Indian retailer whose store portfolio includes the Westside and Zudio formats.[1] source: CNBC-TV18
Show 3 more paragraphs and 5 sources
Its portfolio stood at 1,342 stores on September 30, 2026, with 10 Westside and 17 Zudio stores added net in the quarter.[1] source: CNBC-TV18 Trent opened its 1,000th Zudio store.[1] source: CNBC-TV18
Trent reported standalone Q2 FY27 revenue from operations of ₹5,788 crore, up 23% year-on-year, against ₹4,724 crore in Q2 FY26.[1] source: CNBC-TV18 H1 FY27 revenue was ₹11,454 crore, up 21%.[1] source: CNBC-TV18 Morgan Stanley said Trent's revenue growth accelerated to 23% in Q2 from 16-20% in the past five quarters.[2] source: NDTV Profit Trent's shares rose 12.64% to Rs 2,906 on 6 October 2026.[3] source: Moneycontrol Brokerage target prices ranged from Rs 2950 at Citi to Rs 3406 at Morgan Stanley, with Goldman Sachs at Rs 3010.[2] source: NDTV Profit Business Today reported that the stock trades at over 70 times earnings.[4] source: Business Today
Outlook Business, in a resurfaced June report, said Maya Tata may leave Tata Digital for a role at Trent.[5] source: Outlook Business Analyst Dharmesh Kant said valuation is the key concern, with margins, same-store sales and store additions to watch.[4] source: Business Today
Sources
Questions about Trent
How many Trent stores are there?
Trent had 1,342 stores in its portfolio as of September 30, 2026, with 10 Westside and 17 Zudio stores added net in the July-September quarter.[1] source: CNBC-TV18
How fast is Trent growing in India?
Trent reported standalone Q2 FY27 revenue from operations of ₹5,788 crore, up 23% year-on-year from ₹4,724 crore in Q2 FY26, and H1 FY27 revenue of ₹11,454 crore, up 21%.[1] source: CNBC-TV18
Stories that mention Trent
13 stories
Trent is named in these stories but is not their subject.
- DMart grows revenue 18.4% but value retail stocks slide as V2 Retail cuts same-store sales guidance
- UPI MDR above ₹2,000 could raise costs for Nykaa, DMart and other high-basket retailers
- Noel Tata’s four-decade retail career culminates in Tata Trusts leadership
- Trent’s Zudio crosses 1,000 stores across 300 Indian cities
- Tata governance rift puts Trent leadership transition in focus
- Tata Sons chairman N. Chandrasekaran will not seek another term after February 2027
- Jefferies sees 39% upside for Kalyan Jewellers as jewellery retail formalises
- Morgan Stanley names Lenskart, Trent and Varun Beverages among India growth picks
- Nykaa, Trent, Titan and Kalyan Jewellers enter Q1 earnings watch
- Westside targets up to 100 store openings a year as Trent accelerates expansion
- Maya Tata to lead Westside digital push, accelerate global expansion
- Noel Tata to step down as Voltas chairman, a week after exiting Trent's top role
- Noel Tata to exit as Voltas chairman, citing Tata age-70 rule