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Trent (TRENT) investor relations material
Trent Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary7 Nov, 2025
Executive summary
Achieved Q2 FY26 standalone revenue from operations of ₹4,724.06 crore, up 17% year-over-year, and consolidated revenue of ₹4,817.68 crore, up 16%.
Standalone PAT for the quarter was ₹454.43 crore (+16%) and consolidated PAT was ₹376.86 crore (+11%).
Store network expanded to 1,101 stores across 251 cities, including 2 in the UAE, with 19 new Westside and 44 new Zudio stores opened in Q2 FY26.
Online revenues for Westside grew 56% year-over-year, now contributing over 6% of Westside revenues.
Unaudited standalone and consolidated financial results for the quarter and six months ended 30th September 2025 were approved by the Board and reviewed by auditors with unmodified reports.
Financial highlights
Standalone Op. EBITDA reached ₹575 crore (+16%), Op. EBIT ₹477 crore (+9%).
Consolidated Op. EBITDA was ₹575 crore (+14%), Op. EBIT ₹470 crore (+17%).
Standalone EPS for Q2 FY26 was ₹12.68, up from ₹11.89 in Q2 FY25; consolidated EPS was ₹10.60, up from ₹9.53 year-over-year.
Standalone total comprehensive income for Q2 FY26 was ₹454.43 crore; consolidated total comprehensive income was ₹382.31 crore.
Five-year revenue growth trend shows consistent increases from ₹1,020 crore in Q2 FY22 to ₹4,724 crore in Q2 FY26.
Outlook and guidance
Focus on expanding reach in tier 2/3 and emerging metro catchments, with expectations of varying maturity and growth trajectories for new stores.
Medium-term demand expected to benefit from GST regime changes and increased discretionary spending.
Continued investment in technology and automation to drive productivity and manage operating leverage.
The main business remains retailing/trading of merchandise, with all other activities incidental; no separate reportable segments.
Basis for 'not material' for unreviewed entities?
Drivers for increased H1 2025 capex?
Detail the rise in other non-current assets
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Next Trent earnings date
Q3 25/266 Feb, 2026
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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.
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