Trent's Q2 business update showed 22.5-23% revenue growth, better than recent quarters, with brokerages Citi and Morgan Stanley giving targets and a guest recommending buying on dips

Tue 6 Oct 2026

Revenue growth this quarter

22.5 percent

New Westside stores added

10 stores

New Zudio stores added

11 stores

Total store count

1342 stores

Yesterday closing price

2580 rupees

Heard on business television between 08:52:40 - 08:55:40 IST.

• Trent reported revenue growth of around 22.5-23% YoY versus 16-20% in prior five quarters.
• Added 10 Westside stores and 11 Zudio stores, taking total store count to 1342.
• Stock trades at 50 times FY28 earnings at yesterday's close of 2580 rupees; margin compression of around 200 bps YoY expected due to higher fabric and apparel costs.
• Citi maintained target price of 2950, citing accelerated revenue but cautious on weak revenue per square foot and competition/cannibalization.
• Morgan Stanley maintained overweight with target price of 3406, calling the update a strong beat.
• Guest said he would buy the stock up to 2650-2675 rupees, citing good management, balance sheet and products plus the stock correction alongside positive revenue surprise.

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