Trent Shares Surge Nearly 13% After Q2 Revenue Rises 23%, Zudio Store Count Crosses 1,000

Trent shares staged a sharp rally on Tuesday after the Tata Group retailer reported strong revenue growth for the September quarter and continued to expand its store network. 

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The stock opened at ₹2,800, well above its previous close of ₹2,575, and quickly climbed 10% to hit the upper price band of ₹2,832.50. The rally gathered further momentum during the session, with Trent touching an intraday high of ₹2,901.20 a gain of nearly 13%. 

The buying followed Trent’s September-quarter business update, which showed double-digit revenue growth and another round of store additions across Westside and Zudio. 

Q2 Revenue Climbs 23% 

Trent reported standalone revenue from operations of ₹5,788 crore for the second quarter of FY27, up 23% from the same period last year. 

The momentum was also visible over the first six months of the financial year. 

Standalone revenue from operations for H1FY27 reached ₹11,454 crore, representing year-on-year growth of 21%. 

Revenue from merchandise sales, excluding other operating income, increased 23% during the September quarter and 21% during the first half. 

Zudio Crosses 1,000-Store Milestone 

Expansion remained an important part of Trent’s growth during the quarter. 

The company opened its 1,000th Zudio outlet during the three months ended September, marking a significant milestone for the value-fashion brand. 

Trent added 17 Zudio stores and 10 Westside stores during the quarter. 

By September 30, the company’s overall portfolio stood at 1,342 stores across Westside, Zudio and its other lifestyle concepts. 

Mutual Funds and FPIs Hold Sizeable Stakes 

Trent also has significant institutional ownership. 

As of the June quarter, mutual funds held 7.81 crore Trent shares, representing a 14.64% stake in the company. 

Foreign portfolio investors held slightly more, with 8.08 crore shares equivalent to a 15.14% stake. 

Life Insurance Corporation of India held 1.61 crore shares, giving it a 3.03% stake. 

Among the promoters, Tata Sons held 17.3 crore shares, or 32.45%, while Tata Investment Corporation owned 2.3 crore shares, representing 4.28%. 

Tuesday’s Rally Reverses Recent Weakness 

The sharp move came after three consecutive sessions of losses for Trent, during which the stock had declined nearly 3%. 

Over a longer period, however, the picture has been stronger. Trent shares have gained 11% over the past six months, compared with a 2% decline in the Sensex and an 11% rise in the BSE Consumer Discretionary index. 

The stock touched a 52-week high of ₹3,399.75 on July 3, after hitting a 52-week low of ₹2,185.16 on March 30. 

Tuesday’s rally brought Trent firmly back into focus. A 23% rise in quarterly revenue, continued store additions and Zudio crossing the 1,000-store mark gave investors fresh numbers to assess after three sessions of weakness in the stock.