# Trent Q2 net profit rises 25% to Rs 468 crore, revenue up 22%

2026-10-30T03:08:28+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Tata Group retailer Trent Ltd reported a 25% rise in consolidated net profit to Rs 468 crore for the quarter ended September 2026, while revenue from operations grew 22% to Rs 5,873 crore. The company's EBITDA stood at Rs 1,078 crore, with a margin of 18.4%, ahead of analyst estimates. Inflation remained elevated across cost categories due to geopolitical uncertainty and supply-chain disruptions, Trent said. Like-for-like growth in the fashion portfolio was mid-single digits, and the Star business posted revenue growth of over 20%. The retailer opened 19 Zudio outlets and 10 Westside stores during the quarter. Noel Tata will retire as chairman and director on November 11, with Bahram Vakil taking over. Brokerages gave mixed views: Jefferies kept a 'Hold' rating with a Rs 3,300 target, HSBC a 'Buy' with Rs 3,480, and Citi a 'Sell' with Rs 2,815.

## Indian Opinion Analysis

Both cnbctv18 and the Economic Times report the same Trent Q2 numbers, with the ET giving the revenue figure of ₹5,873 crore, which cnbctv18 omits, and quoting outgoing chairman Noel Tata's remarks on expansion. cnbctv18 leads with brokerages-Jefferies, HSBC and Citi-offering divergent calls on the stock, while the ET leads with profit and revenue growth, focusing on the company's operational narrative. Neither outlet shows a pro-government or government-critical slant, the coverage is uniform, straight business reporting from quarterly results and analyst notes. The differing emphases-near-term stock reaction versus longer-term expansion and inflation management-complement each other. The open question, named by both sources, is how consumer sentiment holds against elevated costs in the coming quarters.

## Coverage

Coverage: 2 sources, 2 neutral
- cnbctv18.com (neutral report) <https://www.cnbctv18.com/market/trent-share-price-target-q2-results-strong-operating-beat-nuvama-says-buy-lower-target-20022928.htm>
  Leads with brokerages' ratings, omits revenue figure
- economictimes.indiatimes.com (neutral report) <https://economictimes.indiatimes.com/markets/stocks/earnings/trent-net-profit-up-25-despite-cost-pressures-and-stiff-competition/articleshow/135339383.cms>
  Leads with profit and revenue, quotes outgoing chairman

This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry.
Update, 30 October 2026: this story now draws on 2 sources. Last updated 2026-10-30T03:31:34+00:00.

Tags: Bahram Vakil, Jefferies, Noel Tata, Trent, Westside, Zudio
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How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/
