Trent posted 23% revenue growth in the quarter, slightly below street expectations of 25%, with Zudio crossing 1,000 stores

Tue 6 Oct 2026

Q1 growth

19 percent

Current quarter growth

23 percent

First half growth

21 percent

Revenue

11,400 crore rupees

Zudio stores

1,000 stores

Heard on business television between 08:40:12 - 08:43:12 IST.

• Q1 growth was 19%, this quarter grew to 23%, taking first-half growth to about 21% with revenue near Rs 11,400-11,500 crore.
• Zudio crossed 1,000 stores with 17 new Zudio stores and 10 website stores added.
• Website model margins hold up better than offline, inspired by private label strategy.
• Street expected 25% growth; actual 23% was seen as a tad below but still strong given sector headwinds like input cost inflation and soft discretionary demand.
• Other retailers like V2 Retail lowered guidance, making Trent's number relatively notable; valuations remain premium at 70-72x trailing.

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