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Trent
SectorConsumer Services
Trent Ltd. is an Indian retail operations company that owns and manages multiple retail chains. It operates through various formats including Westside, Landmark, Zudio, Utsa, Star Bazaar, and Zara. Westside is a departmental store chain offering apparel, footwear, accessories, and home products. Zudio is a value fashion retail format. Landmark focuses on books, toys, and sports merchandise. Star Bazaar is a hypermarket chain offering a wide range of products including groceries and household items. The company has a joint venture with Inditex group for Zara stores in India. Trent also has partnerships with Tesco for Star Bazaar and with Lakeland for kitchenware. The company has been expanding its store network across various formats and cities in India, with a focus on fashion retail and family entertainment.
In the news
Trent's Q2FY27: Why the Stock Hit Upper Circuit After 23% Revenue Jump
Sensex Surges 685 Points, Nifty Above 22,700 as Oil Drops Below $100
Stocks in Focus: Trent Surges 13% on Q2 Results; Kotak Bank Gains 4%
Trent Q2 Revenue Jumps 23% to ₹5,788 Cr, Stock Hits 2-Year High
Zudio crosses 1,000-store milestone in 10 years, expands to 300 cities
Trent winds down Utsa ethnicwear stores after 2 years
Trent stock down 45% but growth story intact with 33% EBITDA jump
Trent Q1 Earnings Beat Estimates, Stock Trades at ₹3,000
Trent, LIC, Britannia lead Q1 FY27 earnings with mixed results
Trent's Q1FY27 Performance: Expansion, Margins, and Strategic Resilience
Trent Q1 Results: 22% PAT Growth to ₹519 crore, shares fall 3%
Market Experts' Stock Recommendations: Mixed Calls on Bharti Airtel, PB Fintech
5 Stocks to Buy: Trent, Jio Financial Services, NMDC
Trent Becomes Fastest-Growing Tata Consumer Company with 5x Revenue
Trent shares rise 2.21% on strong Q3 results, board meeting set
Tata's Westside targets 100 annual stores expansion
IT Stocks Rise 4% Despite Sector Correction; Experts Share Tips
Trent's Q1FY27: Growth Misses, Productivity Pressures, and Leadership Transition
Brokerages recommend Trent, Titan, Eternal stocks for buy ahead of Q1 results
Stocks to Watch: Cochin Shipyard OFS oversubscribed; Market snaps 4-day rally
The Quarter story
The two most recent quarterly results, compared side-by-side.
Trent Ltd drives strong profitability and rapid store expansion, though rollout pace and digital share need monitoring.
City presence expanded from 235 to 321 from Q1 FY26 to Q1 FY27 — aggressive geographic penetration across India.
Store openings fell from 109 to 22 from Q4 FY26 to Q1 FY27 — rollout deceleration after peak expansion phase.
EBITDA rose from ₹575 Cr to ₹847 Cr from Q2 FY26 to Q1 FY27 — robust margin recovery and operational efficiency.
Revenue moved from ₹879 Cr to ₹850 Cr from Q2 FY26 to Q4 FY26 — seasonal top-line volatility in grocery segment.
Operating EBIT margin climbed from 10% to 12.9% from Q2 FY26 to Q1 FY27 — sustained profitability despite rapid expansion.
Online revenue share stayed at 6% from Q2 FY26 to Q1 FY27 — stable but stagnant digital contribution needs attention.
Store count grew from 766 to 982 from Q1 FY26 to Q1 FY27 — aggressive network expansion driving market share.
Own brand share shifted from 85% to 73% from Q3 FY26 to Q4 FY26 — portfolio rebalancing affecting margin mix.
Retail area expanded from 8 to 10.80 from Q1 FY26 to Q1 FY27 — rapid physical footprint growth supporting sales volume.
Emerging categories revenue share stayed at 21% from Q2 FY26 to Q1 FY27 — stable but unchanging portfolio mix limits growth upside.
Company insights, generated from the most recent coverage.
Management flagged West Asia conflict supply-chain disruption and commodity inflation as live risks — for a model built on ₹1,000 price points, input-cost inflation hits gross margin directly because there is no room to raise prices.
Q2FY27 was only a business update — no EBITDA or net profit disclosed, so the 10% circuit was priced on top line alone. Full profitability numbers are an asymmetric risk in either direction.
Trent beat Morgan Stanley's ~20% Q2FY27 estimate by roughly 300 bps — sell-side had de-rated Trent's growth faster than the business actually slowed, which is why a routine business update could move the stock 10%.