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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Trent
Trent (TRENT) investor relations material
Trent Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary29 Oct, 2026
Executive summary
Q2 FY27 revenue was ₹5,787.64 crore standalone and ₹5,873.14 crore consolidated; operating EBITDA rose 37% on both bases.
Retail footprint reached 1,342 stores across 339 cities, including 3 UAE cities, with 18.57 mn sq. ft. of retail area as of 30 Sep 2026.
Deloitte issued unmodified limited-review conclusions on the standalone and consolidated results.
Financial highlights
Consolidated Q2 revenue was ₹5,873.14 crore vs ₹4,817.68 crore; H1 revenue was ₹11,627.85 crore vs ₹9,701.16 crore.
Consolidated net profit was ₹468.09 crore in Q2 vs ₹373.42 crore and ₹986.16 crore in H1 vs ₹798.12 crore.
Standalone Q2 revenue was ₹5,787.64 crore vs ₹4,724.06 crore and net profit was ₹489.65 crore vs ₹450.77 crore.
Standalone H1 revenue was ₹11,453.94 crore vs ₹9,505.31 crore; net profit was ₹1,021.42 crore vs ₹873.36 crore.
Consolidated Q2 profit before tax, exceptional items and associate/JV share was ₹640.12 crore vs ₹478.08 crore; H1 was ₹1,341.70 crore vs ₹1,033.56 crore.
Segment performance
Westside operated 311 stores with 7.46 mn+ sq. ft. of retail area; 10 stores opened in Q2 FY27.
Zudio had 999 stores, including 7 in the UAE, and 11.02 mn+ sq. ft. of retail area; 19 stores opened and 2 were consolidated in Q2 FY27.
Fashion-portfolio like-for-like growth was mid-single digits; emerging categories, including beauty and personal care, innerwear and footwear, contributed over 21% of revenue.
Westside online revenue grew 20% in H1 FY27 and contributed over 6% of Westside revenue; online and Tata Neu propositions grew profitably.
Star revenue grew over 20% in Q2; own brands were 74% of sales, and the portfolio reached 87 stores across 13 cities after adding 1 store.
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Latest events from Trent
- Restructuring lifted underlying profit, but operating cash flow remained sharply negative.TRENT
Q4 96/97 - Retail grew 24%, but investment losses and garment excise threatened earnings.TRENTQ4 00/01
- Westside’s relaunch anchors a retail pivot amid losses and planned store expansion.TRENTQ4 97/98
- Westside expansion followed the retail amalgamation as 9M results remained distorted by non-comparable periods.TRENTQ4 98/99
- Four-store retail growth and expansion plans accompanied ₹12.48 crore PAT in a non-comparable 12-month year.TRENTQ4 99/00
- Retail sales surged 73% and reached profitability, offsetting pressure from weaker treasury income.TRENTQ4 01/02
- Retail sales surged 45%, while a tax write-back boosted reported net profit.TRENTQ4 02/03
- Income rose 38.5%; retail expanded, while treasury returns were set to weaken.TRENTQ4 03/04
- Income rose 45% as retail expanded, while property and labor costs posed risks.TRENTQ4 05/06
Next Trent earnings date
Q3 26/274 Feb, 2027
Trent
Next Trent earnings date
Q3 26/274 Feb, 2027
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Frequently asked questions
Trent Limited is an Indian retail company specializing in operating a variety of retail formats, including department stores, hypermarkets, supermarkets, and specialty stores. Its portfolio comprises several retail chains known for their distinctive offerings. Westside, its flagship brand, is a lifestyle retail chain offering fashion, footwear, accessories, beauty products, and home furnishings. Star Bazaar is a hypermarket chain that provides a wide range of products, including staples, beverages, health and beauty products, along with fresh produce like vegetables, fruits, dairy, and meat products. Landmark, another prominent chain, focuses on books and music. Additionally, Trent operates Zudio, a value fashion concept offering apparel at competitive prices. The company is headquartered in Mumbai, India, and its shares are listed on the Bombay Stock Exchange.