Highlights:

• Trent reported revenue growth of 17% (standalone) and 16% (consolidated) in Q2FY26.
• In Q2FY26, operating EBITDA increased by 16% (standalone) and 14% (consolidated) in the quarter.
• The company launched new youth-oriented lifestyle brand “Burnt Toast.”

Trent Limited (NSW:TRENT), a leading retail and lifestyle company, announced its unaudited financial results for the second quarter and half-year ended 30th September 2025. The company reported steady revenue and profit growth alongside continued expansion in its fashion and grocery retail segments. Q2FY26 saw the launch of its new youth-focused brand, “Burnt Toast,” while store additions and strategic business initiatives contributed to an expanding footprint across India and overseas.

Q2 and H1 Financial Performance

Trent recorded a 17% increase in standalone revenue for Q2FY26, reaching ₹5,002 crore, while half-year revenue rose by 19% to ₹10,063 crore compared to the same period last year. Operating EBITDA for the quarter grew by 16% to ₹575 crore, with half-year figures at ₹1,197 crore, marking a 23% increase over H1FY25. The company reported a profit after tax (PAT) of ₹451 crore for Q2 and ₹873 crore for H1FY26.

On a consolidated basis, Trent’s revenue for Q2FY26 reached ₹5,107 crore, up 16% year-on-year, with H1 revenues at ₹10,281 crore, an 18% rise. Consolidated operating EBITDA for Q2FY26 was ₹575 crore and ₹1,212 crore for the half-year. PAT stood at ₹373 crore for Q2 and ₹798 crore for H1FY26.

Brand Expansion and Store Network

During Q2FY26, Trent opened 19 Westside and 44 Zudio stores, including its first UAE outlet. The company consolidated 6 Westside and 4 Zudio stores during the quarter. As of 30th September 2025, Trent operated 261 Westside stores, 806 Zudio outlets (including 3 in the UAE), and 34 stores across other lifestyle concepts, covering a total retail footprint of over 14 million sq. ft. across 251 cities.

The launch of “Burnt Toast” targets young, dynamic consumers with a range of bold apparel and accessories. Early customer response has been encouraging, reflecting the potential for growth in the youth fashion segment.

Focus on Star and Grocery Retail

Trent’s Star business, comprising 77 stores, added 3 stores and closed 4 during H1FY26. The business continues to emphasize technology-driven customer experiences and proprietary branded products. Own-branded products now account for more than 73% of Star revenues, strengthening its differentiated offering in a competitive grocery retail market.

The company highlighted that its merchandise sourcing, pricing strategies, and inventory discipline continue to support consistent gross margins for Westside and Zudio stores. Operating EBIT margin for Q2FY26 stood at 10.2%, slightly below 11% from Q2FY25.

Chairman’s Statement

Mr. Noel N Tata, Chairman of Trent Limited, emphasized continued focus on portfolio growth, product elevation, and enhanced store experiences. He noted that reduction in GST rates may benefit various product categories over time. On the Star business, he highlighted the contribution of own brands, a growing direct-to-customer model, and the company’s readiness to deliver value in an increasingly competitive market.

Trent shares were trading 6.98% lower at ₹4,304.50 per share at the time of writing on 10 November 2025.