Shares of Tata Group’s apparel arm Trent fell as much as 10% to an intraday low of Rs 3,010 on the BSE on Tuesday after the retailer reported a 19% year-on-year increase in standalone revenue for the June quarter, helped by growth in its fashion retail business and continued store expansion.
This figure was lower than Street’s estimates. In its quarterly business update filed with the exchanges, the company said standalone revenue from operations, excluding GST, stood at Rs 5,666 crore in the first quarter of FY2027 as against Rs 4,781 crore in the corresponding quarter last year. Merchandise revenue excluding other operating income also grew 19% for the quarter ended June 2026.
The company did not disclose earnings as part of the update. The company said reported revenue figures are subject to verification by its in-house auditors.
As of June 30, 2026, Trent’s retail portfolio included 1,312 stores, including 301 Westside outlet stores, 982 Zudio stores and 29 other lifestyle concept stores. The Zudio chain includes seven stores in the UAE.
During the June quarter, the company added one Westside store and 19 Zudio stores on a net basis.
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The latest business news reflects Trent’s continued expansion of its retail footprint along with revenue growth during the quarter. Investors are closely watching the company’s ability to maintain growth momentum amid a strong base and competitive fashion retail market.
Zudio still accounts for the majority of Trent’s chain of stores. The fashion chain offers apparel and lifestyle products, and Westside operates in the premium fashion segment. With 982 stores, Zudio’s chain is now more than triple the size of the West Side’s 301 stores.
Snapshot of Trent in the fourth quarter.
The company reported a 26% rise in consolidated net profit for the quarter ended March 31, 2026, at Rs 400 crore as against Rs 318 crore in the same period last year. Revenue from operations in the fourth quarter stood at Rs 5,028 crore, up 19% from Rs 4,216 crore in the corresponding quarter of the previous fiscal.
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The company’s operating earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter under review stood at Rs 653 crore, registering an increase of 44%. In FY26, EBITDA grew 25% to Rs 2,702 crore. EBITDA margin rose to 18.4% versus expectations of 16.8%.
Trent share price dynamics
The company’s shares are up more than 23% over the past six months, although they remain down 9% over the past year.
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