Trent Share Price In Focus As Q2FY27 Revenue Rises 23%, Beating Expectations Despite Festive Calendar Shift
Add Preferred News Source
Trent’s September-quarter performance has revived the debate over its growth trajectory after a prolonged stock correction. Revenue growth exceeded expectations despite the festive calendar moving into the December quarter, while Zudio’s expansion continued. However, declining store productivity remains a key issue for the retailer.
Trent reported a 23% year-on-year increase in standalone revenue from operations to ₹5,788 crore for the quarter ended 30 September 2026. Revenue for the first half of FY27 increased 21% to ₹11,454 crore.
The performance was notable because the festive season shifted from the September quarter in FY26 to the December quarter in FY27, creating a less favourable comparison. Merchandise revenue, excluding other operating income, also increased 23% during the quarter.
The stronger showing comes after a difficult period for the company and its investors, with concerns around store density, competition, softer consumption and the valuation weighing on sentiment.
Trent Share Price Movement
The Trent share price has fallen more than 50% from its record high of ₹5,563. The correction has wiped out approximately ₹1.80 lakh crore in investor wealth.
The stock had previously delivered exceptional gains, rising 126% in 2023 and 133% in 2024, before momentum weakened in 2025 and through much of 2026.
The Trent share price is ₹2,886.90, down ₹19.10 (0.65%) as of 7 October 2026, 1:15 PM IST on the National Stock Exchange (NSE).
Zudio Crosses 1,000-Store Milestone
Trent opened its 1,000th Zudio outlet during the quarter, extending its retail footprint across fashion and lifestyle formats.
Store network | Position at September 2026 |
|---|---|
Total stores across formats | 1,342 |
Zudio net additions in Q2 | 17 |
Westside net additions in Q2 | 10 |
H1FY27 Zudio net additions | 36 |
H1FY27 Westside net additions | 11 |
The company’s relatively lower dependence on festive demand, continued execution and stronger consumption conditions in parts of the country helped support the quarter. A strong end-of-season sale in August and the absence of price increases also contributed to the performance.
Store Productivity Remains A Concern
The recovery in headline revenue has not removed questions around the efficiency of Trent’s expanding store base. Revenue per square foot, calculated using the same new-store size as the trailing twelve months, declined 8% year on year.
That metric will remain important as the retailer adds outlets. Sustained improvement in sales productivity alongside network expansion would strengthen the case for a durable recovery, while continued deterioration could point to pressure from competition and store cannibalisation.
The latest quarter therefore changes the debate around Trent. The immediate question is no longer simply whether growth has slowed, but whether the improvement in Q2FY27 can translate into a sustained recovery in both growth and store productivity.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
