Harish Bhat has resigned as Non-Executive, Non-Independent Director of Trent after serving on the board for more than 12 years. His resignation took effect on Sunday, October 17, citing growing professional and personal commitments, ahead of the company's Q2 FY27 results scheduled for October 29. According to reports from CNBC TV18, Trent disclosed Bhat's resignation in a regulatory filing to the stock exchanges on October 18, with the disclosure made under Regulation 30 of the Securities and Exchange Board of India's (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. In his resignation letter dated October 17 and addressed to Trent Chairman Noel N. Tata, Bhat requested that his resignation be accepted and thanked the board for the opportunity to contribute to the company's governance and strategic direction. "It has been a pleasure and privilege to serve on the Board of Trent Ltd. for the past several years, and to participate actively in the deliberations of the Board," Bhat wrote in his letter, praising Tata's leadership and wishing Trent continued success.
Bhat joined Trent's board in April 2014 and served for more than 12 years. During his tenure, he participated in board deliberations and contributed to discussions on the company's governance and strategic direction. As reported by CNBC TV18, Bhat joined the Tata Group in 1987 as an officer in the Tata Administrative Service and held several senior positions across the group's businesses. He previously served as Brand Custodian at Tata Sons and Managing Director of Tata Global Beverages, and held leadership roles as Chief Operating Officer of the watches and jewellery businesses at Titan Company and in the group's telecom business. Bhat also serves as a director at Tata Starbucks Private and Infiniti Retail, with his career across the Tata Group spanning consumer brands, beverages, retail, jewellery and telecommunications.
Trent reported robust financial results for Q2 FY27, with standalone revenue from operations increasing 23% year-on-year to ₹5,788 crore in the September quarter, compared with ₹4,724 crore in the corresponding quarter last year. According to the latest exchange filing reported by CNBC TV18, for the first half of FY27, revenue rose 21% year-on-year to ₹11,454 crore, up from ₹9,505 crore a year earlier. The company's revenue from merchandise sales also grew 23% in Q2 FY27 and 21% during the first half of the financial year. The results were reported excluding GST, with the company confirming that revenue from the sale of merchandise, excluding other operating income, also grew 23% in Q2 FY27 and 21% during the first half of the financial year.
Trent achieved a significant retail milestone during the quarter by opening its 1,000th Zudio store. As of September 30, 2026, the company's portfolio comprised 1,342 stores across Westside, Zudio and other lifestyle brands. During the quarter, Trent added a net 10 Westside stores and 17 Zudio stores, taking the net additions in the first half of FY27 to 11 Westside outlets and 36 Zudio stores, as reported by CNBC TV18.
Shares of Trent closed 2.3% lower at ₹2,891.60 on Monday, following the announcement, according to CNBC TV18. Today's losses have turned the stock negative for the year, it is down nearly 1% year-to-date. The shares have also fallen 10% over the last 10%. Trent's board is scheduled to meet on October 29, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, though the company has not specified the results announcement time in the board meeting filing. Trent has not announced a dividend alongside its Q2 FY27 business update, with its last dividend announcement on June 12, 2026, when the company declared a final dividend of ₹4 per share.
