Trent Q2 results: Net profit rises 23% YoY to ₹464 crore; operating margin improves by 137 basis points

Zudio-parent Trent recorded a 23% year-on-year (YoY) surge in its consolidated net profit for the second quarter (July to September) of the financial year 2026-27, with a healthy improvement in revenues for the retail chain company and overall margin growth in the period.

NSE filings showed that Trent’s consolidated net profit (attributable to owners) surged 23% YoY to ₹464 crore in the September quarter of FY27, in comparison to ₹377 crore in the same period a year earlier.

The retail chain operator’s revenue from core operations advanced 20% to ₹5,259 crore in the period under review, from ₹4,367 crore in the same period a year ago, as per the exchange data.

Trent is a Tata Group entity which operates several major fashion, lifestyle and retail grocery brand chains across the country. Westside, Zudio, Utsa, Samoh, Siar, and Burnt Toast are among several brands owned by the company.

The company's shares are expected to remain in focus of investors on Friday, October 30, as Trent announced its Q2 earnings report after market operating hours on Thursday, October 29.

Margins in focus

In the Q2 earnings, Trent’s operating profit or earnings before interest, tax, depreciation, and amortisation (EBITDA), improved 32% YoY to ₹1,078 crore in the second quarter of FY27, in comparison to ₹817 crore in the same period a year earlier.

The EBITDA margins expanded 140 basis points to 18.35% in the period under review, in comparison to 16.95% in the same period a year earlier.

Data also showed that Trent’s operating profit improved by 137 bps to 12.11% in the second quarter, from 10.74% in the same period a year earlier, as per the consolidated financial statements.

Noel Tata retires as Chairman

As per the latest update, Noel Tata has retired from his role as the Chairman and the Director of the company effective from November 11, and will assume the status of Chairman Emeritus from November 12.

“Noel N. Tata (DIN: 00024713) will retire from the office of Chairman and Director of the Company with effect from the close of business hours on November 11, 2026,” according to Trent’s official filing.

The board has appointed Bahram Vakil as the new Chairman of Trent with effect from November 12, 2026.

How have Trent shares performed?

Shares of Trent have delivered more than 327% returns to investors in the last five years, and over 102% gains on their investment in the last three-year period. According to NSE data, the stock has lost 10% in the past one year.

Although the stock has been flat on a YTD basis, the company's shares have risen 8.6% in the past one-month, and have risen 3% in the last five market sessions.

Trent’smarket capitalisation (m-cap) was at more than ₹1.52 lakh crore as of the stock market close on Thursday, October 29.