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Trent Shares Surge 11 Percent Following Strong Q2 Revenue Growth
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Moneycontrol•06-10-2026, 12:20
Trent Shares Surge 11 Percent Following Strong Q2 Revenue Growth
- •Trent shares rose 11 percent to Rs 2,863.6 after reporting a 23 percent year-on-year increase in standalone revenue to Rs 5,788 crore for the second quarter.
- •The retailer operated 1,342 stores as of September 30, adding 27 new outlets during the quarter including Zudio and Westside formats.
- •Major brokerages including Goldman Sachs, Macquarie, and Citi turned bullish, praising the better-than-expected revenue and improved sequential sales productivity.
- •Goldman Sachs raised its target price on the stock to Rs 3,010, highlighting strong sales performance despite a late festive season.
Key Questions Answered
Trent shares surged 11% to trade at Rs 2,863.6 apiece after the apparel retailer reported a 23% year-on-year rise in standalone revenue to Rs 5,788 crore for the second quarter.
As of September 30, Trent operated 1,342 stores including Westside and Zudio brands, up from 1,101 a year earlier after adding 17 Zudio stores and 10 Westside outlets during the quarter.
Goldman Sachs said Trent's revenue growth exceeded estimates and raised its target price to Rs 3,010, while Citi noted revenue topped expectations with the slowest revenue per square foot decline in five quarters.
