According to reports from The Economic Times, Trent, the parent company of Zudio and Westside, is expected to report upbeat quarterly earnings with double-digit growth in revenue and net profit. The company's Q2FY27 business update already shows about 20% year-on-year revenue growth, with standalone revenue reaching ₹5,788 crore. The Tata Group company's total store count stood at 1,342 across Westside, Zudio and other lifestyle formats during the quarter, with the company opening its 1,000th Zudio store during the quarter. As per ET Now Research, this represents the highest revenue growth in six quarters for the company.
Latest estimates from Informist Media show Trent is expected to post a nearly 13% year-on-year rise in net profit to ₹5.08 billion for the September quarter, with revenue expected to rise 21% to ₹57.18 billion. According to ET Now Research, the company's standalone revenue is projected at ₹5,682 crore, compared with ₹4,724 crore in the corresponding quarter last year, while profit after tax (PAT) is expected to increase to ₹505 crore from ₹451 crore. The highest revenue estimate stands at ₹58.11 billion from 360 ONE Capital Market while the lowest is ₹55.74 billion from Motilal Oswal Financial Services. During Q2FY27, Trent opened 17 Zudio stores and 10 Westside stores, with the company's first half of FY27 revenue standing at ₹11,454 crore, up 21% year-on-year.
According to Informist Media, analysts have mixed views on Trent's margin performance for the quarter. While Nuvama expects EBITDA margin to compress due to higher raw material and leasing costs, Kotak Securities and Motilal Oswal see margin expansion. Elara Securities expects the company's EBITDA margin to come in at 17.7% while Kotak Securities is eyeing an expansion of 140 basis points year-on-year to 18.6% for the September quarter. As per ET Now Research, consensus estimates project Trent's EBITDA margin at 18% in Q2 FY27, compared with 17.2% in the corresponding quarter last year, with an expansion of approximately 80 basis points. The company's like-for-like sales in the fashion portfolio are expected to grow 1-4% for the September quarter.
According to ET Now Research, the company's revenue growth stood at 18.5% in Q1 FY27, compared with 20.2% in Q4 FY26 and 16% in Q3 FY26. During the July-September quarter, Trent opened 10 Westside stores, compared with Bloomberg's estimate of 13 stores, and 17 Zudio stores, against Bloomberg's estimate of 40 stores. For the first half of FY27, the company reported additions of 11 Westside stores and 36 Zudio stores. At its investor day in August, Trent reiterated its full-year store expansion targets of approximately 220–225 Zudio stores and 40 Westside stores. As per ET Now Research, the pace of store additions in the second half of FY27 and management's guidance for the remaining financial year will be among the key factors to monitor.
As reported by The Economic Times, Trent shares closed 3.3% higher at ₹2,914 on Wednesday, October 28, ahead of the Q2 results announcement. According to Informist Media, the stock closed over 2% higher at ₹2,820.60 on Tuesday, October 27. The stock has been largely flat this year, up 2.1% so far in 2026, but has declined more than 9% since announcing June quarter earnings on August 6. Technical analysis shows the stock has moved above both its 20-day EMA and 50-day EMA, with the options market expecting a move of about ±7.4% by expiry, putting the expected range at roughly ₹2,709 to ₹3,141. All 10 brokerages covering the stock have a 'buy' recommendation with an average target price of ₹3,488.
