Standalone Financial Performance

Q2 FY27 Results:

  • Revenue from operations: ₹5,788 Crore, up 23% YoY
  • Operating EBITDA: ₹791 Crore, up 37% YoY
  • PAT: ₹490 Crore, up 9% YoY

H1 FY27 Results:

  • Revenue from operations: ₹11,454 Crore, up 21% YoY
  • Operating EBITDA: ₹1,638 Crore, up 37% YoY
  • PAT: ₹1,021 Crore, up 17% YoY

Key Notes on Standalone Performance:

  • Revenue from sale of merchandise (excluding other operating income) grew by 23% in Q2 and 21% in H1
  • Other income for previous year included pre-tax profit on sale of assets of ₹96 Cr in Q2FY26 and ₹109 Cr in H1FY26, while corresponding profit in FY27 is not material
  • Operating EBIT margin for Q2 FY27 was 11.6% (compared to 10.5% for Q2FY26)
  • Gross margin profile of Westside and Zudio remains stable

Consolidated Financial Performance

Q2 FY27 Results:

  • Revenue from operations: ₹5,873 Crore, up 22% YoY
  • Operating EBITDA: ₹785 Crore, up 37% YoY
  • PAT: ₹468 Crore, up 25% YoY

H1 FY27 Results:

  • Revenue from operations: ₹11,628 Crore, up 20% YoY
  • Operating EBITDA: ₹1,633 Crore, up 35% YoY
  • PAT: ₹986 Crore, up 24% YoY

Key Notes on Consolidated Performance:

  • Consolidated revenues do not include revenues of Trent Hypermarket business due to accounting standards
  • Results include proportionate share of profitability of Trent Hypermarket venture accounted using equity method

Operational Highlights and Store Expansion

Store Portfolio Achievements:

  • Opened 1000th Zudio Store during the quarter
  • Total portfolio: Over 1300 "large-box" fashion stores across 339 cities (including 3 in UAE)
  • Total footprint: Over 18.5 million sqft across fashion brands

Q2 FY27 Store Additions:

  • 10 Westside stores opened
  • 19 Zudio stores opened
  • 2 Zudio stores consolidated

Store Count as of 30th September 2026:

  • Westside: 311 stores
  • Zudio: 999 stores (including 7 stores in UAE)
  • Other lifestyle concepts: 32 stores

Business Segment Performance

Emerging Categories:

  • Beauty & personal care, innerwear and footwear contributed over 21% of revenues

Online Business:

  • Westside online together with Tata Neu platform grew profitably
  • Online revenues grew 20% in H1FY27
  • Online contributed over 6% of Westside revenues

Star Food & Grocery Business:

  • Revenues grew over 20% during the quarter
  • Own brands contribution trending at over 74% of revenues
  • Added 1 new store during quarter
  • Total store count: 87 stores across 13 cities

Chairman's Message

Mr. Noel N Tata, Chairman, provided the following commentary:

  • Brands experienced solid traction during the quarter despite inflationary backdrop
  • Expanding presence across diverse markets including Tier 2 and Tier 3 locations
  • Star business applying Trent's playbook with growing own brand contribution
  • Concluding tenure as Chairman, noted Trent's transformation from fledgling entrant to leading player
  • Expressed confidence in Trent's future across lifestyle segments, food & grocery sector, and potential as exporter

Company Overview

Trent Limited is part of the Tata Group and operates:

  • Westside: Leading fashion retail chain (20,000-30,000 sq. ft stores) offering apparel, footwear, accessories, cosmetics, home accessories
  • Zudio: Value fashion format (10,000-12,000 sq. ft stores) offering apparel, beauty products, footwear across men, women and kids
  • Star: Supermarket concept offering FMCG, staples, fresh products with own brands (Fabsta, Klia, Skye, Star, Smartle, Zudio)