Trent reports 23 percent growth and Morgan Stanley rates Trent stock Overweight

Published on 10/06/2026 at 05:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 23.00 percent to INR 57.88 billion year over year. Morgan Stanley rates Trent stock Overweight at INR 3,406.

Trent, INE849A01020, Illustration mit AI erstellt.

Trent Limited reported standalone revenue of INR 57.88 billion in the second quarter of FY27, up 23.00 percent year over year, while ET Now reported on October 6, 2026 that Morgan Stanley retained its Overweight rating and INR 3,406 target for Trent stock. The revenue growth was Trent's highest in six quarters.

Q2 growth accelerates

CNBC TV18 reported on October 5, 2026 that revenue for the first half of FY27 reached INR 114.54 billion, an increase of 21.00 percent from INR 95.05 billion in the first half of FY26. The second-quarter rate therefore exceeded the first-half growth rate by 2.00 percentage points.

The company also reported 10 net new Westside stores and 17 net new Zudio stores during the second quarter of FY27. That mix places greater weight on Zudio, whose value-fashion format supplied 17 of the 27 net additions during the period.

Zudio reaches 1,000 stores

As ScanX News reported on October 5, 2026, Zudio opened its 1,000th store during the quarter. Trent's portfolio stood at 1,342 stores across Westside, Zudio and other lifestyle brands as of September 30, 2026.

The operating picture combines faster sales growth with continued store investment. For investors, the key comparison is the gap between the 23.00 percent quarterly revenue increase and the 21.00 percent first-half increase, because the next update will show whether the acceleration extends beyond the festive quarter.

Market value and trading range

Trent's market capitalization was INR 1.5 trillion as of October 6, 2026. The stock's 52-week range on the NSE was INR 2,183.67 to INR 3,399.70 as of October 5, 2026, leaving the latest finance quote of INR 2,838.00 inside that band.

Trent is listed on the NSE under ticker TRENT and operates in specialty retail through brands including Westside and Zudio. The company's Q2 update supplies a measurable test for its expansion model: revenue growth improved to 23.00 percent while the store network reached 1,342 locations.