Mumbai, India – Trent Ltd, a prominent Tata Group retail entity, has announced robust financial results for the second quarter of the fiscal year 2027 (Q2 FY27). The company recorded a significant 25% year-on-year (YoY) increase in its consolidated net profit, reaching Rs 468 crore for the September quarter.
Alongside the impressive profit growth, Trent also saw its revenue from operations climb by 22% YoY, totaling Rs 5,873 crore. Operating EBITDA demonstrated even stronger growth, surging by 37% YoY to Rs 785 crore, highlighting improved operational efficiency.
Fashion and Lifestyle Segments Drive Growth
Trent's diverse portfolio of fashion and lifestyle brands continued to be a key growth engine. The company celebrated a major milestone during the quarter, opening its 1,000th Zudio store. As of September 30, 2026, Trent’s retail footprint included 311 Westside stores, 999 Zudio stores (including 7 in the UAE), and 32 stores under other lifestyle concepts, bringing its total ‘large-box’ fashion stores to over 1,300 across 339 cities.
During Q2 FY27, Trent strategically expanded its presence by adding 10 new Westside outlets and 19 Zudio stores, while consolidating two Zudio locations. This expansion reflects a commitment to reaching a broader customer base, including Tier 2 and Tier 3 cities.
Star Business Performance and Future Outlook
The company's Star business, which focuses on food and grocery, also delivered strong results, with revenues growing by over 20% during the quarter. The Star portfolio expanded by one new store, bringing its total to 87 stores across 13 cities. Noel N Tata, Chairman at Trent, emphasized the potential of this segment, noting that own brands and products now contribute over 74% of Star's revenues.
“We are increasingly expanding our presence across diverse markets, including in many Tier 2 and Tier 3 locations. The compelling reception we are witnessing gives us the conviction to double down into more hinterlands,” stated Mr. Tata. He added, “The food and grocery opportunity is significant, and the Star model is differentiated.”
Concluding his tenure as Chairman, Mr. Tata expressed his satisfaction with Trent's transformation into a leading player in the fashion sector, marked by strong growth, profitability, and capital efficiency. He anticipates continued strengthening of its position across lifestyle segments and a significant presence in the food and grocery sector.
Market Reaction
The quarterly earnings were announced after market hours on Thursday, October 29, 2026. Earlier in the day, Trent shares had closed down 1.44% at Rs 2,866.00.