The shares of Trent dropped in trade on October 6 after the parent company of Zudio and Westside released its revenue and store count updates for the second quarter of the financial year 2026.
The shares of the Tata Group company closed 2.3 percent lower at Rs 4,705 apiece. Earlier during the day, the stock had dropped more than 2.5 percent to hit an intraday low of Rs 4,689.60 apiece.
Trent Q2 business update:
Trent had released its business update towards the end of the trading session on Monday, following which the stock sharply plunged. It reported standalone revenue at Rs 5,002 crore for Q2 FY26, marking a 17 percent year-on-year (YoY) increase from the Rs 4,260 crore revenue reported in Q2 FY25. This is the slowest growth recorded by the company since the quarter ended March, 2021, according to Reuters.
This is also lower than the firm's near term target of 25 percent.
Its standalone revenue for the first half of the financial year 2026 meanwhile grew 19 percent YoY to Rs 10,063 crore. Westside and Zudio saw 13 and 40 net new store additions during the quarter under review. "As of 30th September 2025, our store portfolio included 261 Westside, 806 Zudio (including 3 in UAE) and 34 stores across other lifestyle concepts," it added.
The business updates are however provisional, and subject to audit. The Mumbai-based company's focus on young adults yielded a compounded annual revenue growth rate of over 35 percent in the past five years.
Trent share price history:
Trent shares have fallen around 11.5 percent in the past one month, and are down more than 33 percent in 2025 so far. The stock’s P/E ratio currently stands at over 112.
After hitting a 52-week high of Rs 8,345 apiece in October last year, the stock tumbled more than 46 percent to hit a 52-week low of Rs 4,488 apiece in April this year. The stock has now recovered nearly 5 percent since then.
Trent Q1 results:
Trent on August 6 reported 24 percent YoY jump in standalone net profit at Rs 423 crore for the quarter ended June 30, 2025. It reported net profit of Rs 342 crore in the year-ago period.
The firm's revenue rose 20 percent to Rs 4,781 crore in Q1 FY26, as against Rs 3,992 crore in Q1 FY25.
(With inputs from Reuters)
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