Trent (TRENT) Q2 26/27 earnings summary

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.