Highlights
- Trent reported a 19% year-on-year increase in standalone revenue for Q1 FY27.
- The retailer added 20 net stores during the June 2026 quarter across its portfolio.
- Zudio store network expanded to 982 locations, including seven stores in the UAE.
Trent Limited (NSE:TRENT) has reported a 19% year-on-year (YoY) increase in its standalone revenue from operations (excluding GST) for the first quarter of FY27. According to the company's exchange filing, standalone revenue stood at Rs. 5,666 crore for the quarter ended June 30, 2026, compared with Rs. 4,781 crore in the corresponding quarter of FY26. The company also stated that revenue from the sale of merchandise, excluding other operating income, increased by 19% during the quarter. Trent clarified that the standalone revenue figures disclosed in the filing are subject to audit by the statutory auditors.
Source: Analysis by Kalkine
Retail Network Continues to Expand
Alongside its revenue update, Trent shared details of its retail footprint as of June 30, 2026. The company operated a total of 1,312 stores across its portfolio, comprising 301 Westside stores, 982 Zudio stores—including seven in the UAE—and 29 stores under other lifestyle concepts. During the first quarter of FY27, Trent recorded a net addition of one Westside store and 19 Zudio stores, resulting in a total net addition of 20 stores during the quarter. Most of the expansion came from the Zudio format, which continued to account for the largest share of the company's retail network.
Quarter-on-Quarter Business Update
The latest business update reflects both revenue growth and continued expansion of Trent's store network during the June 2026 quarter. While standalone revenue increased by 19% compared with the same period last year, the company also expanded its physical presence by opening additional stores across its retail formats. The company noted that merchandise sales, excluding other operating income, grew at the same pace as overall standalone revenue during the reporting period.
Exchange Filing Details
The business update was submitted to the National Stock Exchange of India (NSE) and BSE Limited on July 6, 2026. Trent stated that the disclosed standalone revenue figures remain subject to statutory audit. The filing was signed by Krupa Anandpara, Company Secretary, who also noted that the company's related press release would be uploaded to its website.
Key Takeaways
The first-quarter update shows that Trent recorded higher standalone revenue while continuing to expand its retail footprint. The company added 20 net stores during the quarter, with the majority of new outlets coming under the Zudio format. As of the end of June 2026, Trent's network had reached 1,312 stores across Westside, Zudio and other lifestyle concepts. The revenue figures reported in the exchange filing remain subject to audit by the company's statutory auditors.
Key Risks
- Revenue figures remain subject to statutory audit and may undergo revisions.
- Store expansion does not automatically translate into higher profitability.
- Consumer spending trends can influence retail sales performance.
- Competitive pressure in value retail may impact future growth.
Summary
Trent reported standalone revenue of Rs. 5,666 crore for Q1 FY27, marking a 19% increase from Rs. 4,781 crore a year earlier. Merchandise sales also grew 19%. The company expanded its retail network to 1,312 stores by adding one Westside and 19 Zudio outlets during the quarter. The disclosed revenue figures remain subject to statutory audit.
FAQs
Q: What was Trent's standalone revenue in Q1 FY27?
A: Trent reported standalone revenue of Rs. 5,666 crore, excluding GST, for the quarter ended June 30, 2026.
Q: How many stores did Trent operate as of June 30, 2026?
A: Trent operated 1,312 stores comprising 301 Westside, 982 Zudio and 29 other lifestyle concept stores.
Q: How many new stores were added during Q1 FY27?
A: Trent recorded a net addition of 20 stores, including one Westside outlet and 19 Zudio stores during the quarter.