News ArticleTrent Limited Q2 FY27 Revenue Grows 23% With Operating Profit Up 37% as Store Network Expands to Over 1300
Company opens 10 Westside and 19 Zudio stores in Q2 FY27; Star food and grocery business achieves 20% revenue growth
Trent Limited reported a 23% revenue surge and a 37% increase in operating profit for Q2 FY27, driven by expansion to over 1300 stores including 1000 Zudio outlets and strong online sales growth. The company sustained stable gross margins and witnessed 20% revenue growth in its Star food and grocery segment during the quarter ending September 2026.
Trent Limited
General / Other
Trent Limited announced strong financial results for the quarter ended September 30, 2026, with standalone revenue increasing 23% to Rs 5,788 crore and operating EBITDA rising 37% to Rs 791 crore. The company expanded its store footprint to over 1300 large-format fashion stores, notably marking the opening of its 1000th Zudio outlet during the quarter.
Trent's consolidated revenue for Q2 FY27 reached Rs 5,873 crore, a 22% increase year-over-year, with operating EBITDA at Rs 785 crore, up 37%. Profit after tax (PAT) consolidated rose 25% to Rs 468 crore for the quarter. These results reflect robust growth across the company's apparel and retail divisions.
The company's standalone sales from merchandise showed similar growth of 23% in Q2 and 21% in the half year ended September 2026. While previous year profits included material gains from asset sales, Q2 FY27's PAT excludes significant non-operating profit elements, providing a clearer view of operational performance.
During the quarter, Trent added 10 Westside stores and 19 Zudio stores, bringing total store counts to 311 Westside, 999 Zudio stores (including 7 in the UAE), and 32 stores across other lifestyle brands, encompassing a retail space of over 18.5 million square feet in 339 cities.
Westside and Zudio maintained stable gross margins, with Westside’s online sales growing 20% and contributing over 6% of its revenues, aided by presence on the Tata Neu platform. Emerging categories such as beauty, personal care, innerwear, and footwear now represent over 21% of revenue.
The Star supermarket segment reported over 20% revenue growth for the quarter, expanding to 87 stores across 13 cities. Own brand products constitute a significant share of sales, enhancing the format's viability at the store level and signaling potential for future growth in food and grocery retailing.
Highlights
- Standalone Q2 FY27 revenue from operations: Rs 5,788 crore, up 23% year-over-year
- Standalone operating EBITDA for Q2 FY27: Rs 791 crore, increased 37% year-over-year
- Consolidated Q2 FY27 revenue: Rs 5,873 crore, a 22% increase over prior year
- Expanded store portfolio to over 1300 stores across 339 cities including 3 UAE locations
- Opened 10 Westside and 19 Zudio stores in Q2 FY27; first Zudio store in UAE operational
- Star supermarket segment revenue grew over 20% with 87 stores operational across 13 cities
Key Data Snapshot
What happened
- Trent Limited reported standalone revenue of Rs 5,788 crore and consolidated revenue of Rs 5,873 crore for Q2 FY27, showing strong growth over the previous year.
- Operating EBITDA increased by 37% in both standalone and consolidated results, indicating rising operational profitability.
- Profit after tax rose by 9% standalone and 25% consolidated year-on-year.
- Expansion included opening 10 Westside and 19 Zudio stores during the quarter, reaching over 1300 stores total.
- Online sales for Westside grew 20%, contributing over 6% to its revenue, via both company and Tata Neu platforms.
- Star supermarket arm grew revenue by over 20%, expanding to 87 stores, showing promise in food and grocery retailing.
Key details
- Revenue growth driven primarily by merchandise sales with 23% increase in standalone sales for the quarter.
- Gross margin remained stable with operating EBIT margin for Q2 FY27 at 11.6%, up from 10.5% the prior year.
- Emerging verticals including beauty, personal care, innerwear, and footwear contribute over 21% of sales.
- Consolidated results include equity-accounted profits from Trent Hypermarket business, but not its revenues.
- Star food and grocery business emphasizes own brand products, now over 74% of revenue, supporting store-level economics.
- During Q2 FY27, 2 Zudio stores were also consolidated and Star added 1 new store, expanding its footprint.
Strategic context
- Trent is expanding beyond metropolitan areas into Tier 2 and Tier 3 cities and newer markets including the UAE.
- The company aims to strengthen its position in fashion retail and increase presence in the competitive food and grocery sector through Star.
- Growth in online channels alongside physical stores aligns with changing consumer purchase behaviours.
- Star supermarket's own brand focus is intended to build a differentiated and sustainable business model with growing sales density.
- Press release includes Chairman Noel Tata's remarks highlighting confidence in continued growth and expansion opportunities.
Highlights
- Standalone Q2 FY27 revenue from operations: Rs 5,788 crore, up 23% year-over-year
- Standalone operating EBITDA for Q2 FY27: Rs 791 crore, increased 37% year-over-year
- Consolidated Q2 FY27 revenue: Rs 5,873 crore, a 22% increase over prior year
- Expanded store portfolio to over 1300 stores across 339 cities including 3 UAE locations
- Opened 10 Westside and 19 Zudio stores in Q2 FY27; first Zudio store in UAE operational
- Star supermarket segment revenue grew over 20% with 87 stores operational across 13 cities
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015
Source Information
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