Mumbai, October 29, 2026: Trent Limited reported a 23% year-on-year increase in standalone revenue from operations to Rs 5,788 crore for the quarter ended September 30, 2026, with operating EBITDA rising 37% to Rs 791 crore. For the half-year ended September 2026, standalone revenue reached Rs 11,454 crore, up 21%, and operating EBITDA stood at Rs 1,638 crore, also up 37%.
The company’s standalone profit after tax (PAT) for Q2 FY27 was Rs 490 crore, a 9% increase, while H1 FY27 PAT rose 17% to Rs 1,021 crore. Revenue from sale of merchandise, excluding other operating income, grew by 23% in the quarter and 21% in the half-year. The operating EBIT margin for Q2 FY27 improved to 11.6% from 10.5% a year earlier.
Store expansion and portfolio update
During the quarter, Trent opened its 1,000th Zudio store and now operates over 1,300 large-box fashion stores across 339 cities, including three in the UAE. In Q2 FY27, the company added 10 Westside and 19 Zudio stores, while consolidating two Zudio outlets. As of September 30, 2026, Trent’s portfolio included 311 Westside stores, 999 Zudio stores (seven in the UAE), and 32 stores under other lifestyle concepts, with a total retail footprint exceeding 18.5 million square feet.
Emerging categories such as beauty and personal care, innerwear, and footwear contributed over 21% of revenues. Online revenues for Westside, including sales via the Tata Neu platform, grew by 20% in H1 FY27 and accounted for more than 6% of Westside’s total revenue.
Consolidated results and Star business performance
On a consolidated basis, Trent posted Q2 FY27 revenue from operations of Rs 5,873 crore, up 22% year-on-year, and H1 FY27 revenue of Rs 11,628 crore, up 20%. Consolidated operating EBITDA increased 37% to Rs 785 crore for the quarter and 35% to Rs 1,633 crore for the half-year. PAT rose 25% to Rs 468 crore in Q2 and 24% to Rs 986 crore in H1.
The consolidated results do not include revenues from the Trent Hypermarket business, but do reflect the proportionate share of its profitability under the equity method. Star, Trent’s food and grocery business, recorded revenue growth of over 20% in the quarter, with own brands now contributing more than 74% of Star’s revenues. The Star store network expanded to 87 outlets across 13 cities after the addition of one new store during the quarter.
Chairman Noel N Tata’s remarks
Noel N Tata, Chairman of Trent Limited, noted the company’s strong performance and expanding presence in Tier 2 and Tier 3 markets. He highlighted the robust consumer sentiment and the company’s strategy to invest further in hinterland markets. Tata also commented on the Star business, stating that the model is differentiated and that recent performance reinforces confidence in its growth potential. As he concludes his tenure as chairman, Tata expressed optimism about Trent’s continued expansion across lifestyle segments and its ambitions in the food and grocery sector and exports.
About Trent Limited
Trent Limited, part of the Tata Group, operates retail concepts including Westside, Zudio, and Star. The company has a significant presence in fashion, food, grocery, and daily needs retail, with Westside and Zudio stores across India and the UAE, and Star supermarkets in 13 Indian cities.
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