Trent share price rises up to 7% as Q2 profit grows 25%

Shares of Trent, the Tata group retailer that runs the Westside and Zudio store chains, rose as much as 7% on the BSE on Friday, October 30, 2026, a day after the company reported its results for the July to September quarter. The company said on Thursday, October 29 that its consolidated net profit rose about 25% to Rs 468.09 crore and revenue from operations grew 22% to Rs 5,873 crore, helped by new stores, with Zudio opening its 1,000th outlet during the quarter.

Trent has been one of the most closely watched consumer stocks on Indian exchanges because its growth depends on a simple question: will Indian shoppers keep buying more clothes, shoes and beauty products in organised stores? Zudio, its low-price fashion chain, has grown faster than almost any other retail format in the country by opening stores in smaller cities and pricing most items at a few hundred rupees. Westside is the older, more premium chain. Together they make Trent a barometer of discretionary spending, meaning spending on things people want rather than need.

The share had slipped 1.44% on the day of the results, and Harish Bhat, a long-time Tata executive, stepped down from Trent's board shortly before the numbers came out. Against that background, a 25% rise in profit and 22% growth in revenue reassured part of the market that demand held up through the quarter, which ran into the start of the festival season.

There is a gap between consolidated and standalone figures because Trent owns stakes in other businesses, including its joint ventures. Consolidated numbers include the share of results from those businesses; standalone numbers cover only Trent's own operations. Both grew at similar rates this quarter.

Brokerages were divided. According to reports, Elara Capital upgraded its view on the stock and Nuvama kept a positive stance after the results, while Systematix kept a neutral rating. Peepals does not give buy or sell advice; these are the firms' own views.

Short-term: The rise in Trent's share price on October 30 lifts sentiment towards other listed fashion and lifestyle retailers, which also depend on festive demand. Traders will watch whether the gains hold through the closing bell and into next week.

Long-term: The company's growth now rests on how many new Zudio and Westside stores it can open profitably and whether sales in existing stores keep rising. With more than 1,000 Zudio outlets, each new store adds a smaller share to growth, so investors will watch same-store sales and profit margins closely.

Who is affected: Trent shareholders, including many retail investors and mutual funds; the company's employees and suppliers, many of them small garment makers; landlords and mall operators in smaller cities; and rival fashion retailers competing for the same shoppers.

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