Trent Q2 FY27 Results: Revenue, Profit, Business Performance & Key Updates
Trent reported consolidated revenue from operations of ₹5,873.14 crore in Q2 FY27, up 21.9% year on year (YoY). Profit after tax (PAT) attributable to equity holders of the company increased 23.1% to ₹463.77 crore, while profit before tax rose 29.8% to ₹619.06 crore. The quarter ended on 30 September 2026.
Trent’s Q2 FY27 Earnings
| Financial Metric | Q2 FY27 | Q2 FY26 | YoY Change |
|---|---|---|---|
| Consolidated revenue from operations | ₹5,873.14 crore | ₹4,817.60 crore | +21.9% |
| Consolidated total income | ₹5,899.25 crore | ₹4,845.23 crore | +21.7% |
| EBITDA | ₹1,059.92 crore | ₹865.01 crore | +22.5% |
| EBITDA margin | 18.0% | 18.0% | Broadly flat |
| Profit before tax | ₹619.06 crore | ₹476.98 crore | +29.8% |
| Profit after tax attributable to equity holders | ₹463.77 crore | ₹376.86 crore | +23.1% |
| Basic EPS | ₹8.70 | ₹7.07 | +23.1% |
Trent’s consolidated revenue and PAT increased strongly year on year, supported by continued expansion across its retail formats. The EBITDA margin remained broadly stable at 18.0%, indicating effective cost management despite higher occupancy and employee costs.
The company reported profit before exceptional items and tax of ₹640.12 crore, up 33.9% YoY. There were no exceptional items in Q2 FY27, compared with an exceptional expense of ₹26.11 crore in the year-ago quarter.
Business Performance & Key Metrics
| Operating Metric | Q2 FY27 | Previous Year / Period |
|---|---|---|
| Consolidated revenue growth | +21.9% YoY | Strong retail expansion |
| EBITDA margin | 18.0% | 18.0% in Q2 FY26 |
| Operating margin | 12.1% | 11.6% in Q2 FY26 |
| Net profit margin | 8.5% | 7.7% in Q2 FY26 |
| Employee benefits expense | ₹410.86 crore | ₹316.67 crore; +29.7% YoY |
| Occupancy cost including rent | ₹471.20 crore | ₹394.61 crore; +19.4% YoY |
| Depreciation and amortisation | ₹419.80 crore | ₹324.93 crore; +29.2% YoY |
| Cash and cash equivalents | ₹181.26 crore | ₹281.36 crore as of 31 March 2026 |
Trent’s operating margin improved to 12.1% from 11.6% YoY, while net profit margin expanded to 8.5% from 7.7%. The company continued to invest in store expansion, talent and technology, as reflected in higher employee and occupancy costs.
The company’s main business is retailing and trading of merchandise, with no separate reportable segments under Ind AS 108. Its consolidated results include subsidiaries, joint ventures and associates, including Inditex Trent India and Massimo Dutti India.
Share Price Reaction After Q2 FY27 Results
| Results Metric | Value |
|---|---|
| Results announcement date | 29 October 2026 |
| Market reaction | To be assessed after trading and management commentary |
| Consolidated PAT | ₹463.77 crore |
| PAT growth YoY | +23.1% |
| Revenue growth YoY | +21.9% |
| EBITDA margin | 18.0% |
The market response will reflect Trent’s strong revenue and profit growth, stable margins and continued retail expansion. Investors will track store additions, same-store sales growth, fashion and lifestyle demand, and margin trajectory in the coming quarters.
Trent vs Other Retail Stocks
| Company | Revenue from Operations (Q2 FY27) | Revenue Growth YoY | PAT (Q2 FY27) | PAT Growth YoY |
|---|---|---|---|---|
| Trent | ₹5,873.14 crore | +21.9% | ₹463.77 crore | +23.1% |
| Avenue Supermarts (DMart) | Results awaited | — | Results awaited | — |
| Aditya Birla Fashion and Retail | Results awaited | — | Results awaited | — |
| Shoppers Stop | Results awaited | — | Results awaited | — |
Peer results for Avenue Supermarts, Aditya Birla Fashion and Retail, and Shoppers Stop were not available in the official sources reviewed at the time of writing. Retail comparisons should use consolidated revenue, EBITDA margin and PAT, while also considering store expansion and same-store sales growth.
Trent’s Quarterly Financial Performance
| Quarter | Revenue from Operations | EBITDA | PAT Attributable to Equity Holders | Revenue Growth |
|---|---|---|---|---|
| Q2 FY27 | ₹5,873.14 crore | ₹1,059.92 crore | ₹463.77 crore | +21.9% YoY |
| Q1 FY27 | ₹5,754.71 crore | ₹1,024.75 crore | ₹519.01 crore | — |
| Q2 FY26 | ₹4,817.60 crore | ₹865.01 crore | ₹376.86 crore | — |
| H1 FY27 | ₹11,627.05 crore | ₹2,084.67 crore | ₹982.78 crore | +19.9% YoY |
Trent reported sequential improvement in revenue and EBITDA in Q2 FY27 compared with Q1 FY27. However, PAT declined sequentially, reflecting higher share of losses from associates and joint ventures.
For the first half of FY27, consolidated revenue rose 19.9% YoY to ₹11,627.05 crore, while PAT attributable to equity holders increased 21.9% to ₹982.78 crore.
Key Takeaways from Trent Q2 FY27 Results
- Consolidated revenue from operations: ₹5,873.14 crore, up 21.9% YoY.
- EBITDA: ₹1,059.92 crore, up 22.5% YoY; EBITDA margin at 18.0%.
- PAT attributable to equity holders: ₹463.77 crore, up 23.1% YoY.
- Operating margin: 12.1%, up from 11.6% YoY.
- Net profit margin: 8.5%, up from 7.7% YoY.
- Employee benefits expense: ₹410.86 crore, up 29.7% YoY.
- Key metrics to track: Store additions, same-store sales growth, fashion and lifestyle demand, occupancy costs, margin trajectory and performance of Zudio and Westside.
Disclaimer
The information provided above is for informational and educational purposes only and should not be construed as investment advice, a recommendation to buy or sell shares, or a guarantee of future performance. The financial results, operational metrics, share price data and industry comparisons are based on information available as of October 2026 and may be subject to revisions or updates. Investors should refer to official company disclosures and stock exchange filings for the latest information.
