Revenue climbs to Rs 5,788 crore
Trent Ltd, the retail subsidiary of the Tata Group, posted standalone operating revenue of Rs 5,788 crore for the July‑September quarter, marking a 23 % year‑on‑year increase from Rs 4,724 crore recorded in the same period last year.
The half‑year total (April‑September) also rose sharply, reaching Rs 11,454 crore, an uplift of 21 % YoY, highlighting the sustained momentum across its brand portfolio.
Zudio breaks the 1,000‑store barrier
The value‑fashion chain Zudio marked the launch of its 1,000th outlet during the quarter, adding a net 17 new stores. Its sister brand Westside contributed 10 additional locations.
Together, Trent’s brands operated 1,342 stores across India as of 30 September 2026, reflecting an aggressive push into tier‑II and tier‑III cities.
Analyst coverage turns bullish
International brokerage BofA Securities initiated coverage on Trent, assigning a ‘Buy’ rating and citing the firm’s consistent top‑line expansion and aggressive store‑opening strategy.
Store expansion remains the growth engine
With Zudio now surpassing the 1,000‑store milestone and the overall network swelling beyond 1,300 outlets, Trent is cementing its position as a leading player in India’s organised retail sector. Investors are closely monitoring how fresh store openings will translate into future earnings growth.
