Trent Ltd, the Tata Group’s retail company behind popular brands such as Zudio and Westside, reported strong business growth for the quarter ended September 30, 2026.
The company’s standalone revenue from operations increased 23% year-on-year to ₹5,788 crore in Q2 FY27, compared with ₹4,724 crore in the same quarter last year.
The company also continued to expand its retail network, with Zudio reaching an important milestone of 1,000 stores during the quarter.
Trent Q2 FY27: Key Highlights
| Particular | Q2 FY27 / September 2026 |
|---|---|
| Standalone revenue from operations | ₹5,788 crore |
| Year-on-year revenue growth | 23% |
| H1 FY27 revenue | ₹11,454 crore |
| H1 FY27 growth | 21% |
| Zudio stores milestone | 1,000+ |
| New Zudio stores in Q2 | 17 |
| New Westside stores in Q2 | 10 |
| Total Trent portfolio stores | 1,342 |
| BofA Securities rating | BUY |
Revenue Growth Remains Strong
According to the business update submitted to the stock exchanges, Trent’s standalone revenue from operations reached ₹5,788 crore in Q2 FY27, representing a 23% increase from ₹4,724 crore in the year-ago period.
The company also recorded solid growth during the first half of FY27. Revenue for H1 FY27 increased 21% year-on-year to ₹11,454 crore.
The numbers highlight continued momentum in Trent’s retail business, although revenue growth alone does not provide a complete picture of the company’s financial performance.
Zudio Crosses the 1,000-Store Mark
Zudio remained a key part of Trent’s retail expansion during the quarter.
The value-fashion brand opened its 1,000th store, marking a significant milestone in its nationwide expansion.
During Q2 FY27, Trent added 17 Zudio stores on a net basis. The company also opened 10 new Westside stores during the same period.
As of September 30, 2026, Trent’s portfolio had 1,342 stores across Westside, Zudio and other brands.
BofA Securities Starts Coverage on Trent
Trent’s retail expansion has also attracted attention from global brokerage firms.
BofA Securities initiated coverage on Trent and assigned the stock a ‘BUY’ rating, according to the information provided in the business update.
However, a brokerage rating is only one analyst view and should not be treated as a guarantee of future share-price performance. Investors should consider the company’s valuation, earnings, competition and broader market conditions before making investment decisions.
What Trent’s Q2 Update Means for Investors
Trent’s latest business update points to three major developments: strong revenue growth, continued Zudio expansion and a growing overall retail footprint.
The 1,000-store milestone for Zudio is particularly important because the brand has become a major part of Trent’s retail strategy. At the same time, the company’s future performance will depend on factors such as store productivity, consumer demand, margins and the pace of expansion.
For investors tracking Trent stock, the upcoming financial results and management commentary will therefore be important to understand whether the current growth trend can continue.
Conclusion
Trent Q2 FY27 showed another quarter of strong revenue growth, with standalone revenue rising 23% to ₹5,788 crore. Zudio also crossed the 1,000-store milestone, while Trent continued expanding its Westside and other retail businesses.
BofA Securities’ BUY rating adds another positive analyst view, but investors should conduct their own research rather than relying on a single brokerage recommendation.
Disclaimer: This article is for informational and educational purposes only. It is not investment advice or a recommendation to buy or sell Trent shares. Investors should consult a qualified financial adviser and conduct independent research before making investment decisions.
