Trent surges 10% as Q2 revenue beat lifts D-Street mood
The rally follows Trent’s announcement on standalone revenue from operations of ₹5,788 crore for Q2FY27, a 23% y-o-y increase and the second consecutive quarter of 20%-plus growth
Trent Limited's shares experienced a 10% increase following a strong revenue performance reported for the July-September quarter, surpassing market expectations. The stock reached a high of ₹2,909 and currently trades around ₹2,851, marking a 10.51% rise from its previous close of ₹2,580. Trading volumes were substantial at 32.60 lakh shares worth ₹928 crore, with a higher demand for shares as buy orders outnumbered sell orders by a ratio of 62:38.
The surge in shares follows Trent's announcement of a standalone revenue from operations of ₹5,788 crore for Q2FY27, indicating a 23% increase year-on-year, the second consecutive quarter of growth exceeding 20%. This figure exceeded analyst estimates, which had projected an 18% growth rate. For FY27, the company reported revenue of ₹11,454 crore, representing a 21% increase compared to the same period in the previous year.
The quarter also saw the opening of Trent's 1,000th Zudio store, contributing to a total fashion store portfolio of 1,342 as of September 30, 2026. Analysts have reacted positively to the results, with HSBC maintaining a Buy rating and a target price of ₹3,390, Morgan Stanley keeping an Overweight rating with a ₹3,406 target, and Motilal Oswal retaining a Buy call.
However, Citi remains cautious, retaining a Sell rating and a ₹2,950 target, citing concerns over declining revenue per square foot, rising competition, and input cost pressures.
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