Now Reading: Trent shares jump 6 to 7% after Q2 profit rises 25%
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Trent shares jump 6 to 7% after Q2 profit rises 25%
The Story in Brief
Trent shares rose as much as 7 per cent on Friday, 30 October 2026, after the Tata Group retailer reported a 25.3 per cent year-on-year increase in consolidated net profit to Rs 468.09 crore for the July-September 2026 quarter. Revenue grew 21.9 per cent to Rs 5,873.14 crore, and EBITDA margin improved to 18.2 per cent from 17 per cent a year ago. The company opened its 1,000th Zudio store during the quarter and now operates 311 Westside outlets and 999 Zudio stores across 339 cities.
Brokerages gave mixed views. Bernstein and HSBC maintained 'outperform' and 'buy' ratings with target prices of Rs 3,500 and Rs 3,480 respectively. Jefferies kept 'hold' at Rs 3,300, while Citi reiterated 'sell' with a target of Rs 2,815. Elara Capital upgraded to 'buy' at Rs 3,600. Chairman Noel N Tata said the company would double down on expansion into Tier 2 and Tier 3 markets.
Indian Opinion Analysis
The three outlets all report Trent's Q2 results and the 6 to 7% share price rise, but they diverge on what to lead with. Livemint leads with the price jump and basic financials, while The Hindu Business Line and Economic Times foreground the split broker views. The Hindu Business Line lists four brokerages with their target prices and ratings, including the sole 'sell' from Citi. The Economic Times adds Elara Capital's upgrade to 'Buy' and a raised target of Rs 3,600. Livemint omit broker views entirely after the chairman's quote. Uniformly, all report the headline profit and revenue growth, but the reported store-count figures differ slightly: Livemint says 1,000th Zudio store inaugurated and 999 total, The Hindu Business Line mentions only the 1,000-store milestone and the chairman's impending departure. The coverage is neutral but commercially oriented, with Livemint being the least analytical.
Coverage: 3 sources, 3 neutral
Sources (3): livemint.com (neutral report), thehindubusinessline.com (neutral report), economictimes.indiatimes.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 30 October 2026: this story now draws on 3 sources.
